THE Reserve Bank of India (RBI) has decided to accept NREGS job cards or Aadhar letter as official documents for opening accounts in rural cooperative banks for persons covered under the scheme. This will enable the job card holders or the workers to keep their money is safe custody. An RBI communique to the state and district cooperative banks has said that the accounts can be opened with certain conditions attached as...

Scientists have launched a project to develop India’s first personal genetic data cards — Credit Card-sized plastic-and-magnetic devices that could dramatically expand access to personalised predictive medicine. In its first phase, the project will capture genetic data to predict a person’s likely response to more than 100 drugs to help him avoid taking medicines that may not benefit him or may cause him serious side-effects. Scientists also hope to use genetic data...

Contractors complete the work by employing some other labourers and using machines An inquiry into the lathi-charge on protesting farmers in Koppal has brought to light the nexus between contractors and labourers. The inquiry conducted by the Koppal taluk panchayat executive officer in all the five gram panchayats - Boodagumpa, Irkalgad, Hasgal, Indargi and Madinur - has revealed that the labourers who staged the protest had not registered themselves seeking jobs under...

Given a positive regulatory environment, banks and other financial intermediaries will certainly be interested in using the smart card opportunity. Dr Arvind Virmani, with a Ph.D. from Harvard and 30 years of professional experience, is one of the most valued economists in the Government. Before he retired as Chief Economic Advisor in 2009, he had served in the Finance Ministry and the Planning Commission. A researcher par excellence, his research papers...

After the sanctioning of education loans, the public and private sector commercial bankers have shown almost no interest in sanctioning farm loans this year. The farmers in Madhya Pradesh continue to face financial strain and have stayed away from bankers. But the bankers consider last year’s debt waiver scheme being responsible for the low agri credit flow. While state-owned cooperative bankers moved ahead in sanctioning and disbursing priority sector advances, private...