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The banking woes of an “excluded” community by Vidya Subrahmaniam

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...

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India state-run banks 'turn away Muslims' by Sanjoy Majumder

State-owned banks in India have been accused of discriminating against the country's Muslim minority. India's minorities watchdog has received a record number of complaints from Muslims who say they have been prevented from opening bank accounts. India's Muslim community is among the poorest in the country. Some bankers say it is not so much their religious background, but their economic status that makes it hard for Muslims to get banking facilities. The National Commission...

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Pre-requisites for sustainable food security by MS Swaminathan

The goal of food for all can be achieved only through greater and integrated attention to production, procurement, preservation and public distribution. The President, in her address to Parliament on June 4, 2009, announced: “My Government proposes to enact a new law — the National Food Security Act — that will provide a statutory basis for a framework which assures food security for all. Every family below the poverty line in...

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Poor Performance by SL Rao

India is incredible (after shining), with the fastest growth rate, an emerging demographic dividend and innovative brains for the globe. But the vast majority in rural India — employed in agriculture, small-scale and tiny industries, self-employed, and with no assets — does not find it so. This government, claiming inclusive growth for the grossly deprived and poor, has not taken actions to bring down prices of essential food items, unprecedented...

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Hernando de Soto interviewed by Shekhar Gupta on NDTV’s Walk the Talk

Peruvian economist Hernando de Soto turned classical capitalism on its head with his trickle-up theory: that if you create wealth at the bottom of the pyramid, it will find its way up. de Soto, president of the Institute for Liberty and Democracy, speaks to The Indian Express Editor-in-Chief Shekhar Gupta on NDTV’s Walk the Talk on the need for the poor to be able to participate in the global economy...

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