For years, they have been waking up early and starting late. But India's northeast, which sees sunrise almost two hours before Mumbai, has decided it's time to set the clock right. The region's demand for a separate time zone has never been more vociferous April is usually the cruelest month for India's northeastern states. Cyclonic storms lash the region with vengeance and rip apart homes and hopes. But in all...

India’s plan to offer unique identity (UID) cards to all citizens will bring a range of banking services within reach of millions of poor who currently cannot even open a bank account, says a report released on Friday by the Unique Identification Authority of India (UIDAI), which is executing the project. Facilities such as microfinance are beyond the reach of many poor people in both towns and villages who do not...

An inquiry committee appointed by the Supreme Court to look into the functioning of the public distribution system has just turned in a damning report to the effect that the system is riddled with corruption and has virtually collapsed in some states. This observation will not come as a surprise to most people. Indeed, it is not a coincidence that even the Central government’s own Economic Survey mentions the need...

Kaushik Basu, the current Chief Economic Adviser to the Ministry of Finance, had a 15-year-long stint as Professor of Economics at Cornell University. The Padma Bhushan awardee has been working closely with the Finance Ministry and the Prime Minister to chart the country’s future growth path. He spoke to MANAV CHOPRA about the need for better monitoring to ensure growth doesn’t happen at the expense of social justice. Excerpts: A common...

Technology is helping public sector banks find customers in rural India. This is part of the Centre’s efforts to include villages in the organized financial system; to ensure they are not cheated of their wages. Pilots show promise   The current state of rural banking in the country is poor. A recent report, by the National Sample Survey Organization, revealed that 51.4 per cent of the 89.3 million total farmer households in...