The problem is set to grow following issuance of 75 million new RuPay cards in the next six months with the launch of the Jan Dhan Yojana.
The shortage of skilled workers in India is one of the country's biggest challenges.
Implementing the Food Ordinance is the bigger challenge and there are many provisions of the National Food Security Bill which need to be expanded and strengthened.
As Prime Minister Narendra Modi is set to deliver his third Independence Day speech on August 15, he is inviting ideas from citizens on issues he should speak on
The fiscal deficit of the Centre remains a worry, running at over 6.5 per cent of GDP in April-September 2014, mainly because of revenue shortfalls from exaggerated projections in the government's July Budget and despite the relief on subsidies from lower oil prices.
Pushed by Congress vice president Rahul Gandhi, the government looks set to shortly bring ordinances on two anti-corruption bills along with three other legislations which could not be passed during the just-concluded Parliament session.
A K Bhattacharya digs into the yet-to-be-public report on ways to curb black money and finds out that Modi's next moves could include action on dabba trading, hawala, and education.
Instead of a consumption stimulus the government must address the NPA issue with a war footing and invest in infrastructure, affordable housing and exports, says Sanjeev Nayyar.
Prime Minister Narendra Modi didn't hold back on Wednesday when he launched a scathing attack on the Gandhi family and the Congress in Parliament during a debate on the motion of thanks for the president's address.
For the CBI, crimes are likely to become more innovative, complex, driven increasingly by technology and transcending geographical boundaries, says Anil Kumar Sinha.
The top court rejected the Centre's vehement contention that there was no general or fundamental right to privacy under the Constitution.
Former Watson Fellow and social entrepreneur Srikar Gullapalli talks about the issues affecting India's growth and tells us why he wants more people to actively participate in building a bright future and put India on the global map.
Angus Deaton's Nobel Prize should spark off more research on the measurement and usefulness of poverty percentages.
'The previous (Congress) government at least did not veto provisions of the cattle laws.' 'The BJP is actively weakening the provisions.' 'The BJP government tried to export goats from Nagpur for slaughter to the Middle East.' 'The whole country was aghast and offended. We are a country of Ahimsa.' 'The BJP has incentivised the butcher industry so meat export has gone up, live animal export has gone up, leather export is on the rise, smuggling has gone up.'
'There is simply no evidence of any new or clear policy direction in internal security, and mounting evidence of policy incoherence.' 'Worse, the promise of giving the common man -- and, more importantly, woman -- a greater sense of security has been utterly belied. Indeed, with an escalation of communal posturing and rhetoric, there is a broader sense of uncertainty,' says Ajai Sahni.
Then chief minister Jyoti Basu once told an industrialist that capitalists were class enemies and he should expect no sympathy.
'Secularism is associated either with corruption, malgovernance or minority votes.' 'That allows the BJP to construct its own majority vote.' 'It will remain a feature of electoral contests, but it is not the only reason for the BJP's success.'
It will allow more transparency in policies and flexibility in premium payment, besides improving processing of claims.
'99 per cent of Indians who go to the US for their advanced studies they stay back there, which is a huge loss for India.
There are unprecedented political implications of identification based on 'biological attributes of an individual', such as employed by Aadhaar, warns Gopal Krishna.
Rediff.com gives you a lowdown on the net neutrality issue that is today part of the national discourse.
Armed with data and statistics, Congress leaders refute every point made by Narendra Modi as part of its new strategy to take on the firebrand Gujarat chief minister. Renu Mittal reports
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The ball is now in the Reserve Bank of India's court to lift up demand, says Ajay S Shriram.
Following is the full text of Prime Minister Narendra Modi's address from the ramparts of the Red Fort on the 73rd Independence Day.
India's rising GDP may have propelled the middle class to become richer, buy new cars, travel around the world and build assets, but it further pushed the economically disadvantaged and poor into poverty and drudgery, says Devanik Saha.
The govt has a lot more to do then just open bank accounts for the poor in the Jan Dhan scheme.
Demonetisation hit informal sector hard and caused job losses which was not addressed by the budget, Moily said.
Indian economy about to take-off
In addition to the problem of long queues at automated teller machines, there would be the problem of guiding new cardholders, especially in rural and semi-urban areas, on how to use those cards, some bankers told Business Standard.
Climate change, air quality, nutrition, even connectivity are joining the political agenda, and it will force a shift in policies.
Few readers will remember the socialist utopia of Indira Gandhi when food queues were the norm even for the middle class and tankers supplied water at odd hours of the night twice a week. Is that what you are trying to return us to, dear Congress, asks Jaideep Prabhu
In the first part of an exclusive interview with Sheela Bhatt/Rediff.com on the eve of the first year of the Narendra Modi-led NDA government, BJP President Amit Shah talks about the government's achievements and the controversy over the land ordinance.
Govt says coastal road is meant to decongest Mumbai, experts believe it would be counter-productive.
The year 2014-15 could well go as one of long-pending financial sector reforms, expected to have a lasting impact.
Rains will continue to batter Tamil Nadu for the next seven days and the next 48 hours are "very crucial", the IMD has said.
'This has to be seen in the context not only of the legacy we inherited, but also of global economic weakness.'
'If after inheriting the very bad situation we have reached this level despite consecutive years of drought and no growth in the world economy, it is no accident.' 'It is a result of the sound macro economic policies followed by this government.' 'We have eschewed populism and stuck to a path of fiscal prudence.'
Since many of Modi's urban policies were initiated in Ahmedabad, the city may act as a template to examine what can be expected in a country that is witnessing the biggest migration from rural to urban areas in the world
I-T lens on current account deposits over Rs 12.5 lakh. All the news and more post demonetisation.
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