-IANS   Bihar's literacy rate may be the lowest in the country at 63.8 percent, but it could achieve total literacy in about two decades like the rest of India, predicts a new report. During the past decade, the literacy rate in Bihar has increased by 17 percent, much faster compared to nine percent for the entire country, the report points out. "If Bihar is able to maintain its present momentum in educational...

In a move that could revolutionise the subsidy payment mechanism for LPG cylinder and kerosene oil to the beneficiaries, especially the poor, and change the fertilizer subsidy payment mechanism for the farmers, the Unique Identification Authority of India (UIDAI) has suggested direct cash transfer through banks and ATMs to the targeted groups to ‘plug leakages' in the implementation of these schemes. The move is also likely to revamp the working of...

In a sudden U-turn, the mines ministry has decided against asking miners from mandatorily sharing 26 per cent of net profits with the affected local population. Instead, it has proposed that miners set aside 26 per cent of the royalty they pay to states for sharing with locals. This dramatically changes what locals will get if the proposal becomes law. For example, for a tonne of iron ore which costs about...

The food ministry seems to have given up the hope of seeing the Food Security Bill passed into a law this financial year. But the delay in the rollout of one of the government's most ambitious welfare schemes will surely bring joy to mandarins at the North Block , who have been battling to rein in the government's expenditure. The food security law, which envisages subsidized grains for at least...

-The Business Standard   A young entrepreneur with an engineering degree from India’s premier engineering school and a postgraduate degree from the US’s finest technical school develops an innovative service aimed at ameliorating the energy utility situation in rural India. In 1995, he co-founds SELCO India, which provides customised energy solutions based on each household’s requirements. It facilitates low-income rural households to secure financing help from local financial institutions. Read how...