The World Bank's private-sector financing arm on Wednesday launched $2.5 billion, rupee-denominated, bonds in the Indian market to fund infrastructure projects, after raising $1 billion in offshore bonds for the sector last year. Full Article
NEW DELHI - The cabinet approved on Wednesday a new, 86.8-billion-rupee ($1.43 billion) metro rail project in Maharashtra, the government said in a statement.
India has set up a panel to suggest an overhaul of a state-run food grain procurement agency as part of its plan to reduce wastage and help control runaway food prices. PM Narendra Modi, who took charge in May after a landslide victory, promised during the election campaign to break up the Food Corporation of India (FCI) into three divisions for handling procurement, management and distribution. Full Article
An Israeli air strike in Gaza killed the wife and infant son of Hamas's military leader, Mohammed Deif, the group said, calling it an attempt to assassinate him after a ceasefire collapsed. Full Article
Human rights activist Irom Sharmila who has been on hunger strike for the last 14 years in protest against alleged army atrocities walked free on Wednesday from a prison hospital where doctors had force-fed her to keep her alive. Full Article
We are now 500 days from the target date for the achievement of the Millennium Development Goals (MDGs). Taking stock of existing challenges, I believe we must take a renewed look at the issue of maternal and child health. These issues will pose one of the most significant tests in our pursuit of the MDGs. Column
Indian students in recent weeks have protested the use of English in the country’s difficult civil service examinations. The students, usually from Hindi-speaking regions of India, say that the exams reflect a class divide: if you speak and write English well, you are seen as part of the urban elite. If you do not, it’s because you are one of the disadvantaged, usually from smaller towns or villages. Full Article
As a growing online population increasingly turns to the web to look for discounts, coupon websites say customers are using discount vouchers for almost everything from baby diapers and television sets to body massages and five-star hotel stays. Industry watchers say the deals business will soon grow faster than India’s e-commerce industry. Full Article