The contentious revised Sports Development Bill has got a fresh thrust with the Aruna Roy-led civil society group, the National Campaign for Peoples' Right to Information (NCPRI), throwing its weight behind the move to bring about transparency and accountability in the running of sports in the country. The NCPRI statement signed by Team Anna member Prashant Bhushan along with others like Ms. Roy, Nikhil Dey, Shekhar Singh and Anjali Bharadwaj has...

Recent events in south Asia have led to an unexpected reversal in the narrative of microFinance, long presented as a development success. Despite charges of poor treatment of clients, exaggeration of the impact on the poorest as well as the risks of credit bubbles, the sector can play a non-negligible role in reaching financial services to low-income households. In regulating the sector, there is need for caution in setting interest...

-The Economic Times   Governor of the Reserve Bank of India, D Subbarao said on Tuesday that India's food inflation was fanned by change in dietary habits. Commenting on high inflation, Subbarao said that underlying drivers of inflation have changed.  "India needs to address challenge of food inflation. Food inflation has substantially come down but over the last 3.5 years since 2008-2009, average food inflation has shot up higher than the past 6...

-Reuters Global commodity prices have not softened as much as anticipated as speculators are keeping prices high, Finance Minister Pranab Mukherjee said on Tuesday in a statement. Oil prices held near $107 a barrel on Tuesday as fresh sanctions, and the prospect of military action, against Iran offset persistent worries about the health of Western economies and fuel demand.  ...

The state government has sought technical advice and assistance on its proposed plan to carry out mass vaccination ahead of monsoon next year in Gaya and adjoining districts to stop outbreak of Japanese encephalitis and acute encephalitis syndrome. Sanjay Kumar, the secretary of the state health department, said the state was keen on going for a mass immunisation and regular immunisation for Japanese encephalitis as a preventive measure next year. “We...