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AP India's Virat Kohli celebrates their win over South Africa in the ICC Twenty20 Cricket World Cup semi-final match in Dhaka, Bangladesh, on Friday. Ashwin, with figures of three for 22, repays captain’s faith in him; du Plessis, Duminy bat well for South Africa This was a target and an opponent harder than any previously encountered at the tournament, but India has turned into such a lord of the run chase in these conditions that no mountain is too high.

The Reserve Bank of India’s in-principle approval to two applicants, IDFC Limited and Bandhan Financial Services Ltd., to set up banks comes four years after the then Finance Minister, Pranab

The impressive gain by rural households in spite of the favouritism towards non-primary activities appears real The Indian economy has moved on a high growth path since the mid-1980s. After a blip in growth between 1990-92, liberalisation, initiated for aligning the Indian economy with the world in 1991, not only put the economy back on a higher growth path but also sustained this growth till the 2000s. During the last few years, India has been the second fastest growing economy in the world. Despite the high growth over the past two decades, concerns have been raised over the growth not being equally distributed. Policy makers responded to these concerns arguing for inclusiveness in the 11th Five Year Plan in 2007. How has the rapid growth during the 11th Five Year Plan period helped in improving the income levels of the most vulnerable Indian households? Sharing of growth The aggregate estimates routinely brought out by the Central Statistical Organisation (CSO) sh...

AP Afghan policemen take positions a day before the elections in Kabul on Friday. Thousands of Afghans lined up at polling centres in Kabul from early morning to cast their ballots. Afghanistan began voting Saturday for a new president amid fears of violence and insecurity.Thousands of Afghans lined up at polling centres in Kabul from early morning to cast their

The Indian middle class now owns more gadgets and is a little better educated, but is still not as prosperous as has been believed to be, says data from the 2011-12 round of the India Human Development Survey (IHDS) conducted by the National Council for Applied Economic Research (NCAER). The data, collected from 42,000 families, shows that with rising incomes — the real median income grew from Rs. 28,200 per year in 2004-05 to Rs. 37,500 in 2011-12 — asset ownership of the middle class has also increased. Purchase of air-conditioners, colour TVs, refrigerators, cars, laptops and credit cards has doubled over the last seven years, and cellphone ownership has exploded from 7 per cent of the population in 2004-05 to 82 per cent. The Hindu is reporting exclusively from the findings of India IHDS 2011-12, the largest independent nationally representative sample survey . The annual income of the middle class remains relatively low. If the Indian population is divided into five classes o...