For your reading pleasure:
- Government and Inflation: After meeting with the Cabinet Committee on Prices, PM Manmohan Singh announced a multitude of measures to rein in inflation. In related news, rising prices could deal a significant blow to the US-India nuclear agreement due to the potential for political fallout.
- Microfinance: VC Circle reports that Lok Capital, a micro-finance focused VC fund will be in investing $1.25 million in Delhi based MFI Satin Creditcare Network Ltd. Staying with Microfinance, Govt. of India is introducing a scheme called ‘Rashtriya Swasthya Bima Yojana’ (RSBY), which will provide cashless health insurance to families living below poverty line, using smart-card technology (via igovernment.in)
- Higher Education: Economic Times reports that 29 Indian students from colleges across the country have been chosen to participate in the Goldman Sachs Global Leaders Program (GSGLP). They get a $3000 grant and a chance to participate in the Goldman Sachs Summer Leadership Institute.