It is not often that a social security programme the size of Mahatma Gandhi NREGS - New Delhi has spent Rs 40,000 crore on it in 2010/11 alone - faces an existential moment. But, April 2011 will present one such crossroad: the end of the term of a bureaucrat widely acknowledged as the prime mover behind the five-year old scheme. Brought in six years ago to the Centre from her parent...
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Devil In The Retail by Lola Nayar
By all indications, FDI in multi-brand retail is a fait accompli. Or so we have been told time and again by everyone, the PM downward. The “question is at what point of time it should be done”. This remark from Pranab Mukherjee in a post-budget TV interview may have revealed that the debate has moved beyond whether to permit FDI in multi-brand retailing—the lifeline of small- and medium-sized neighbourhood stores....
More »The tenacity of hope by Dipankar Gupta
Since CAIro took to the streets, there is one question that comes up repeatedly in India. How have we been saved from such anarchy, in spite of our faltering democracy? True, Egypt's growth, between 5% and 7%, has been less spectacular than ours. But its per capita income swelled from $587 in 1981 to $1461 in 2001. Even its deficit as a percentage of GDP has fallen from 10.2% in...
More »India set to meet UN 2015 poverty goal
In the fight against poverty, India seems to be winning - in some parts of the country at least. Vimla Sharma lives in Suwana Village in Rajasthan. Her life has been dramatically improved by a government scheme called the National Rural Employment Guarantee Act. Launched in 2005, it guarantees every rural family 100 days of work a year at a wage of 100 rupees a day. She can now send...
More »India rejects Vedanta plans to mine tribal land
India has rejected controversial plans by mining group Vedanta to extract bauxite in the eastern state of Orissa. The project had breached environmental protection acts and raised concerns for the rights of local tribes, Environment Minister Jairam Ramesh said. Vedanta's other ventures in Orissa were being investigated separately, he said. The company has yet to comment on the decision. It says it will bring jobs to the area - tribespeople say the plans...
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