Nobel laureate Amartya Sen believes that Team Anna's reading of corruption or what causes corruption or how it can removed is wrong, and that they need to look at how the economic system operates.   In an exclusive interview with CNN-IBN Deputy Editor Sagarika Ghose, Nobel laureate Amartya Sen said that instead of fasting and protesting, one should try and change the systems that provided incentives for corruption. Below is the transcript of...

-The Business Standard Financial inclusion in Madhya Pradesh helps the Centre's cash transfer projects It may not take a century for villages in India to get banks, and villagers to own accounts. Madhya Pradesh is paving the way for financial inclusion. The state is suddenly full of excitement about what it considers is a feat. Its rural development department has hired publicity agents to spread the word that every villager in the...

-The Times of India GUWAHATI: With the Army in full control of the affected areas in four districts since Wednesday, Assam is LIMping back to normalcy. There has been no report of fresh killings in the last 24 hours except for stray incidents of arson in Chirang district on Wednesday night. The focus of the administration has now shifted to hundreds of relief camps where food and water scarcity has hit the...

-The Times of India COIMBATORE: The rainfall pattern during the current south-west monsoon is similar to 2009 when the country witnessed a drought. The overall rainfall deficiency has been 21.9% below the LPA ( Long Period Average) till July 18, which is similar to the one witnessed in 2009. This has raised the specter of drought in the country this year, observers tracking the agriculture sector have said. A drought year is...

Union minister for consumer affairs, food and public distribution KV Thomas tells Nitin Sethi that it makes better sense to distribute stocked foodgrain to people of the country than subsidise exports. Possible spread of drought that the government is looking at... At the moment, monsoon rainfall is 23% below the long term average. But we have to wait another 15 days to know the full situation. We had discussion in the presence...