It conducts normal operations of a commercial banks, almost. But it does not deal in cash. This is called ‘Anaj bank. It collects food grains from donors and gives it to the needy households. The bank issues passbooks, accepts
India’s premier investigating agency has been taken to task for ‘false and fabricated’ chargesheet and an enquiry has been ordered. A special court in Delhi today discharged a former top bureaucrat and three telecom firms in the
Notwithstanding an uncertain global economic scenario, 75.8 per cent respondents from India have reported a willingness to start a new business in their current economic environment. According to the Global Entrepreneur Indicator -
The Central Bureau of Investigation today sought urgent hearing by the supreme court on its plea challenging Himachal Pradesh high court`s order granting protection against possible arrest and other relief to chief minister Virbhadra Singh and his
The Indian Express newspaper has published a report today that four days before he demitted office as finance secretary, Rajiv Mehrishi, who is now Home Secretary, said the department of revenue had launched a “blatant attempt” to
A government-sponsored programme, which outlines the replacement of incandescent bulbs and CFLs with energy-efficient LED lamps is saving a staggering 68 lakh kilowatts of energy every day. This means a cut in 645 megawatts of power during peak ho
In a staggering comment on the state of affairs in the country, the richest 1% of Indians own 53% of the country’s wealth. According to the latest data on global wealth from Credit Suisse, the richest 5% own 68.6% of the country’s weal
The Cabinet today approved a slew of measures, including a one-time financial assistance for stalled road projects and a cash boost for fertiliser firms. In a boost for infrastructure, the Cabinet gave its nod for one-time fund infusion to revive
India will soon have state-specific data on diseases and how these are affecting the local people. This information will be an important tool with the health ministries to frame health policies and restructure health systems.
Prime minister Narendra Modi has spoken for the first time on the mob killing of a Muslim in Uttar Pradesh`s Dadri over rumours that he had beef in his house."Incidents like Dadri and Ghulam Ali are really sad but what is the role of the Cent
A majority of readers had not heard of Svetlana Alexievich before she won the Nobel prize for literature. In the run-up to the announcement, a betting website had placed her as top favourite and even then little was heard about the investigative j
Growth in wealth creation by the middle class in India is higher than its pace globally, but lags far behind the scorching pace of growth in middle class wealth in China. In India, middle-class wealth has grown 150% since 2000, while globally it h
Pakistan has generated havoc and bitterness in Indian polity without lifting a finger. In Maharashtra ruling alliance partner Shiv Sena has hit back at BJP leader and chief minister Devendra Fadnavis calling him pro-Pakistan after he blamed Sena f
Growth in retail inflation accelerated to 4.4 per cent in September following three months of deceleration. Consumer Price index inflation was 3.7 per cent in August. Industrial production, as measured by the Index of Industrial Production, grew a
Not many people would have heard of Chikhli village panchayat of Navsari district in south Gujarat. But it is emerging as the template of village development, to be replicated in the prime minister’s constituency too. Prime mi
More than 50% voter turnout has been recorded till 3pm in 49 assembly constituencies of Bihar in a peaceful atmosphere. The highest turnout has been recorded for Jamui district at 40.77% and the least has been for Khagaria at 30.55%. T
Indian economy is recovering at a much slower-than-expected pace, said global financial services major Bank of America Merrill Lynch today. However, it said India`s growth was enough to overtake Brazil and Russia to become the second largest emerg
India has been wooing industrialists from all over the world. Now, in a first, the US Department of Commerce’s “SelectUSA” programme will hold India Road Show from tomorrow (October 13) to October 16 across Delhi, Mumbai, Chennai
This morning, activist and writer Sudheendra Kulkarni, one of the organisers for former Pakistan foreign minister Khurshid Mahmud Kasuri’s book launch in Mumbai, was attacked outside his home allegedly by Shiv Sena members who threw black in
Voting for the first phase of assembly elections in 49 constituencies is underway in Bihar today. Prime minister Narendra Modi on Monday tweeted "Urging all those voting today in Bihar to vote in large numbers. I particularly urge my yo
