One of the standout features of the monetary stimulus in India has been the wide divergence between the RBI’s policy rates and the actual lending rates of banks — the latter haven’t fallen nearly as much as the RBI would have liked. On Wednesday, Governor Subbarao ticked Indian banks off for the stickiness and non-transparency in lending rates and urged them to get out of the mindset which has led...

The introduction of free meal programmes not only ensures children are fed, but are crucial to keeping the poorest and most vulnerable in school while providing a boost to learning and health, according to a United Nations report released today. The new report from the World Bank and the World Food Programme (WFP) noted that although most countries offer meals to their students, poor nations face a double obstacle of...

Two thirds of all maternal deaths occur in just 10 countries; India and Niger together account for one third of maternal deaths worldwide. India’s share of global total of maternal deaths is a staggering 22 per cent, according to the UNICEF’s newly released “State of World’s Children 2009.” (See the whole report in the URL below) India’s dismal record shows its low level of commitment in reducing maternal deaths that...

An open collision of ideas about global warming at the release of the UNFPA report, “The State of World Population 2009” has generated enough heat to raise the tempers. (See the report’s URL below) While the Minister of Environment and Forests Jairam Ramesh, who released the report in New Delhi, agreed that the women of the world would be forced to bear the disproportionate burden of climate change, he questioned...

It does seem that Environment Minister Jairam Ramesh chose an inopportune time — the eve of the crucial UN climate negotiations — to endorse the findings by a retired scientist that Himalayan glaciers have not been ‘retreating’ any faster than they have been for the past century. The study by V.K. Raina, a former Deputy Director General of the Geological Survey of India, has apparently not been peer-reviewed. No less...