The growing economy has spun a wheel of fortune for Indians, with high income households outnumbering those in the low category for the first time at the end of 2009-10, according to estimates made by think-tank NCAER. India has 46.7 million high income households as compared to 41 million in the low income category, the National Council of Applied Economic Research (NCAER) estimates on Earnings and Spendings have revealed. "For the first...

Banks have designated red zones where the vast majority of Muslim clusters fall. This fact is confirmed by the rash of banking-related complaints received by the National Commission for Minorities. A little over a year ago, Ali Arshad, a resident of Okhla in Delhi, went to a well-known private sector bank to open a bank account. He thought his case would be fast-tracked because he had a banking background, he worked...

In a small hamlet in Andhra Pradesh’s Ghatkesar district, 20km from Hyderabad, Indus Academy is one of four schools offering private education for the poor. Run by Career Launcher India Ltd’s foundation, its three single-storey buildings house around 40 children in the age group of 4-10. The walls of the school are festooned with bright-coloured pictures, and the school boasts a laptop, a television, a DVD player and plentiful study...

Noting that it was committed to extending social security cover to all sections, the Government on Tuesday said it had decided to set up a National Social Security Fund for workers in the unorganised sector. “The National Social Security Fund for workers in the unorganised sector would cover weavers, toddy tappers, rickshaw pullers and bidi workers with an initial allocation of Rs. 1000 crore,” the UPA government's Report to the People...

All 10 fingerprints, an iris scan and a photograph of the person will be used for unique identification (UID) of individuals, the cabinet committee on UID decided on Tuesday, giving its in-principle clearance to guidelines for setting up the UID database. In a billion-plus population, a mix of biometric and photographic record is considered necessary to ensure fidelity of information collected in the project. With UID intended to help identify...