Some Dalit businessmen plan to launch a Rs 500 crore venture capital fund — India’s first community-focused fund. The Central government’s new procurement policy will open business opportunities worth Rs 7,000 crore for Dalit and s (ST) entrepreneurs. These entrepreneurs are now gearing up to tap this opportunity by launching their own venture capital fund and increasing their production capacities. The proposed Rs 500 crore venture capital fund will be the country’s...

Singapore spot market, not production costs, driving Indian petrol price Have you ever wondered why when petrol prices go up or down they do so uniformly across the retail outlets of the three oil marketing companies — Indian Oil, Hindustan Petroleum and Bharat Petroleum? If they are three different companies with their own refineries and distribution systems, then surely their costs and selling prices must be different? Welcome to the strange world...

Yerra Srilakshmi was an IAS topper but has added another feather to her cap, although a dubious one. She is the first woman IAS officer to be arrested for alleged corruption. The 1988-batch officer, held yesterday in connection with the mining case involving the Obulapuram Mining Company (OMC), owned by arrested former Karnataka minister and mining baron Gali Janardhan Reddy, was today remanded in CBI custody for three days by a local...

Those who see a direct link between wage inflation and the employment guarantee scheme need to think again Rural wage rates have been rising at quite a fast rate in recent months. Farmers have been complaining about their inability to get cheap labour for their farms. Industry, too, has raised the alarm saying that this is squeezing their margins; higher rural wages mean fewer people are willing to work on construction...

Child malnutrition in Gulbarga and Bijapur districts is a blot on Karnataka's image. Ba Ba Basavanna Anganwadi Hogona Avarekaalu Tinnona Ah, Aaa, Ee, Eee, Bariyona Mane Kadege Hogona (Come, Come, Basavanna Let's go to the anganwadi Let us eat beans And write A, B, C, D, And head towards home.) As Savitri Nimbad sings this ditty, the more than 20 children seated in a circle around her repeat each line in shrill voices. Almost all of them are between three and...