Watch a film, get entertained. Well, if it is IIM-Ranchi, you get business ideas, a certificate from the B-school and market linkage from Nabard. Looking to develop reel lessons to transform real-life strugglers into successful managers, IIM-Ranchi is embarking on a unique project — named Barefoot Managers, the premier B-school will develop 15 short films on entrepreneurial literacy and screen one a day in front of semi-literate and low-income groups in...

Microsoft founder Bill Gates has criticised UN agencies like the International Fund for Agricultural Development (IFAD), the Food and Agriculture Organisation (FAO) and the World Food Programme (WFP) for not doing enough to fight hunger and poverty. “Countries, food agencies and donors aren’t working together in a focused and co-ordinated way to provide the help small farmers need, when they need it,” Gates told the governing council of the IFAD in...

India moved a step closer to implementing cash transfers of direct subsidies and social welfare payments after a high-level panel presented the blueprint for effecting it through an Aadhaar-based payment gateway. Accepting the report, which details how all payments and cash transfers can be made electronically, finance minister Pranab Mukherjee indicated that it will be the key to plug leakages and ensure more targeted spending under the government’s social welfare programmes. The...

-The Economic Times A panel headed by Nandan Nilekani, chairman of the Unique Identification Authority of India, has suggested all government payments above Rs 1,000 be gradually made or received electronically to cut graft, and bring about greater transparency and accountability.  The panel has also recommended creation of a network of 10 lakh interoperable micro-ATMs operated by business correspondents to allow people to access their accounts at their own convenience and said...

Food price inflation, and inflation in general, has become less of an issue. But it isn’t an issue that will go away. Give it till June and inflation is likely to inch up again. Competition is a good antidote against price increases. It ensures efficiency and reduces price volatility. Logically, food price inflation should trigger and stimulate agricultural reform, so there is competition and supply-side changes can occur. But in...