Julie McCarthy

The move has sent shockwaves across India's financial sector: Raghuram Rajan, the governor of India's Reserve Bank who's been buffeted by political attacks, announced that he will be leaving. The 53-year old economist had said he was open to a second term, but will instead be returning to academia in the United States when his three-year tenure is up in September.

There has been intense speculation about whether Rajan, who had been appointed Reserve Bank chief by the previous government, would serve a second term under the administration of Prime Minister Narendra Modi.

With near universal literacy and long life expectancy, the small Indian state of Kerala is a model for the rest of India.

In recent weeks, however, the small state tucked at the bottom of the country has been in the spotlight for what its glowing human development indicators do not reveal.

It sometimes takes an awful event to uncover maladies beneath the surface, and here, it was the savage murder of an underprivileged law student.

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MICHEL MARTIN, HOST:

Tukaram Jadhav was barely surviving off of his tiny cotton farm when he killed himself last September. His widow, a petite mother of two, pulls her purple sari tightly around her, and says she discovered her husband as he lay dying.

"I was the one who found him. I was sleeping and woke up to the powerful smell of pesticides that we use to farm," Bhagyashree Jadhav says. She says she thought there had been a spill. "I asked my husband if he smelled it, then I realized he couldn't speak. He'd swallowed the pesticide." Tukaram languished in the hospital for two days before dying.

A fire crackles along the banks of the Yamuna River: a cremation of a young mother, struck by a car while she was fetching water.

The stench of the river engulfs the sad assembly.

Before the hissing funeral pyre, floating down the river, white blocks of what looks like detergent appear like icebergs. It is 95 degrees in Delhi this night. This is chemical waste from factories that have sprung up across the city, manufacturing leather goods, dyes and other goods.

Downstream, the living reside along garbage-strewn banks.

Early morning light filters into the cavernous gymnasium as Neetu lunges, climbs and contorts her body into impossible positions. She shimmies up a thick rope that dangles from the two-story ceiling, her heavily muscled arms propelling her upward. She races through calisthenics with 25 other young women in the boot camp atmosphere of Chhotu Ram Stadium and Wrestling Center, in the Indian state of Haryana, known for its wrestling tradition.

The grueling twice-a-day practice– 4 hours in the morning and 3 1/2 in the afternoon-- is her ordinary routine.

Vijay Mallya is one of India's most flamboyant business figures, known as a liquor baron, an airline owner, and a man who reportedly owns 250 vintage cars.

But Mallya, 60, is now known as a debtor who is being pursued by banks to recover the mountain of debt he has accrued. He left the country on March 2, just as some 17 banks were closing in on him for payment of delinquent loans totaling the equivalent of nearly $1.5 billion.

The local media are calling it the "Robin Hood" budget. The government of Indian Prime Minister Narendra Modi, eager to win support among the urban and rural poor, is announcing programs to improve conditions for low-income people and provide tax breaks for necessities and items that might improve their lives.

Meanwhile, to bring in more funds for government spending, there are now higher taxes for luxury items.

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DAVID GREENE, HOST:

India has deployed thousands of army and paramilitary troops to quell violence that authorities say has killed at least 10 people in the northern Indian state of Haryana. A caste known as the Jats is leading the unrest to demand affirmative-action benefits from the government.

Jats make up more than a quarter of Haryana's 25 million people. They seek to be included in the official category of "Other Backward Classes."

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