Two committees of the labour ministry on Wednesday proposed to double the annual 100 days of work guaranteed to the rural poor by India’s marquee welfare programme, but the ministry may pare the suggested increase before putting it up to the cabinet for approval. The provision to provide work for 100 days to at least one member of every rural family under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS)...

The people are showing who the boss is. The weapon in their hands is the internet, which, in the last five days, has seen frantic activism against "power brokering" by journalists in collusion with corporate groups and top government politicians. It all began with the publication of sensational tapes related to the 2G spectrum scam by two magazines over the weekend. Two high-profile journalists, Barkha Dutt and Vir Sanghvi, whose names...

While many U.S. residents prepare for their annual Thanksgiving feast Thursday, one in six are at risk of hunger – including a quarter of all children in the country. Globally, 925 million people, or a little less than 15 percent of the world population, is undernourished. Ironically, Washington's efforts to alleviate hunger abroad may be more successful than at home, analysts say. The U.S. Department of Agriculture's estimate last week that 49...

Yaga Venugopal Reddy , former Reserve Bank of India governor credited with saving the nation’s financial system from the 2008 meltdown, has said what many finance experts believed, but did not have the courage to admit publicly: microfinance is India’s subprime. “Ultimately, it’s something like subprime lending,” Mr Reddy told ET in an interview ahead of his book release. “The same incentives are operating here... it was securitisation and derivatives that...

The income and asset details furnished by ministers to Prime Minister’s Office for 2009-10 have some surprising claims. Textiles minister Dayanidhi Maran, whose family owns a media empire, is worth just Rs 6.87 crore. His assets include a Mercedes E class valued at Rs 8.10 lakh and a Toyota Innova at Rs 12.24 lakh. He is not the only who has modest assets. Minister of new and renewable energy Farooq Abdullah...