-The Telegraph   The Union government today pledged Rs 100 crore to kickstart a fund that would seek to mobilise innovation focused on solving problems for sections of the population at the bottom of India’s socio-economic pyramid. The National Innovation Council (NIC), a government think tank, which has proposed the India Inclusive Innovation Fund has said it is designed to address concerns that existing innovation has often focused more on the wants of...

-The Hindu   “In a world of growing complexities and uncertainties, not every decision by the government is likely to be the most optimal. The possibility of institutional failures, oversight and ignorance impacting the decision-making process cannot be ruled out,” said Finance Minister Pranab Mukherjee. He was addressing a concluding function here on Wednesday to mark the celebration of 150 years of the Comptroller and Auditor-General of India (CAG). Mr. Mukherjee pointed out that...

-The Times of India   In what could spell major trouble for TDP president N Chandrababu Naidu, the AP High Court on Monday directed the CBI, Enforcement Directorate (ED) and state police to independently probe the allegations that he and his associates amassed wealth by plundering public assets. The court was responding to a petition filed last month by the late CM YS Rajasekhara Reddy's widow and YSR Congress MLA, Vijayamma. All...

The spurt in farm credit by commercial banks, including regional rural banks, has interestingly not led to any let-up in distress in the agrarian economy -- a mystery that continues to baffle academics, policy planners and, more recently, bankers Last week, a clutch of bankers and policy wonks gathered in Bangalore to review recent trends in farm credit. On the face of it, credit to the farm sector is on an...

Global climate strategy needs a new storyline. The original United Nations Framework Convention on Climate Change (UNFCCC) (“Plan A”) was signed almost 20 years ago, but lacked the specifics to drive real action. The Kyoto Protocol aimed to resolve this by curbing emissions from the industrialised world, but the US refused to play its part (Plan B). Just as Kyoto came into effect in 2005, the world was changing, with...