Tight money policy means more capital inflows: ADB Lower middle class worst affected by inflation Infrastructure development, farm productivity can help With the Wholesale Price Index (WPI)-based overall inflation still hovering at around 10 per cent, the ASIan Development Bank (ADB) on Thursday said that it was likely to scale up its inflation forecast for India by the end of September. Speaking to the media after the launch of the ADB's flagship annual statistical...

EVEN though the Right to Information Act guarantees citizens their right to know and expose corruption in government offices, increASIng attacks on RTI activists have put this most important right in jeopardy. The RTI Act was enacted after a long struggle by civil rights organisations. However, those who dare question the ways of the powers that be and expose them are eliminated in cold-blooded murders. The manner in which Amit...

The World Bank has agreed to provide USD 900 million financial aid to Pakistan which has been hit by devastating floods affecting 14 million people and leading to crop loss estimated at USD 1 billion. "The Government of Pakistan has requested around USD 900 million of financial support from the World Bank, which we have committed to provide," the World Bank said in statement. The current floods have claimed over 1700 lives...

Today, "social entrepreneurship" has become an important development to help some of the poorest groups in the world like the rickshaw pullers in India. Colorfully adorned cycle rickshaws have long been a part of India's landscapes. These hardworking yet environmentally friendly rickshaw operators can navigate busy urban streets and rural country roads with the same ease. But they are all but invisible to their passengers as they barely subsist above the...

Concerned over large population still suffering from poverty and hunger, Prime Minister Manmohan Singh on Sunday said more efforts were required to achieve higher productivity and growth in the farm sector that would ensure food security to the people of this country. "I am happy that the growth rate of our agriculture has increased substantially in the last few years. But we are still far from achieving our goal. We...