-The Business Standard Panel member questioned the choice of sub-components There is some consolation for Bharatiya Janata Party's prime ministerial candidate and Gujarat Chief Minister Narendra Modi: Not everyone in a panel headed by Reserve Bank of India Governor and former chief economic advisor Raghuram Rajan had favoured the inclusion of Gujarat in the list of less developed states. Economist and social scientist Shaibal Gupta, a member of the panel, had dissented and...

-The Times of India NEW DELHI: Rahul Gandhi on Friday announced his emergence as the new Congress boss rejecting as "complete nonsense" the ordinance to save convicted legislators from disqualification. In a powerful intervention he sealed the fate of the contentious legislation, embarrassed PM Manmohan Singh hours before his meeting with Barack Obama in Washington DC and publicly rebuked the party old guard. "I'll tell you what my opinion on the ordinance...

-The Times of India MUMBAI: A few weeks after RBI governor Raghuram Rajan stressed on building credit histories of individuals based on the Aadhaar number, one bank has introduced unique identity-based eKYC for opening loan and savings accounts. Axis Bank, which is using payment company Visa's network to access Aadhaar database , will introduce the eKYC facility in around 25 branches next week. The branches will open loan and deposit accounts based...

-The Economic Times NEW DELHI: Area under kharif crops has grown by about 10-lakh hectare during the week ending on September 27th. The total sown area, as per reports received from states, stands at 1047.07 lakh hectare as compared to 993.99 hectare at this time last year and 1038.27 lakh hectare on September 20 this year. As per the India Meteorological Department the withdrawal line of southwest monsoon continue to pass through...

-University of Oxford Babies in a rural area of India are less likely to suffer from acute malnutrition where their families are taking part in a job-guarantee programme to provide work with a guaranteed wage, an Oxford University study has found. However, the Indian government programme appears to have no effect on long-term malnutrition. While wages earned through the scheme helped families avoid starvation when seasonal agricultural jobs were in short supply, many...