In the first week of September, two things happened in western Uttar Pradesh. The first is that a township that was supposed to be constructed in Aligarh district as part of the Yamuna Expressway project was scrapped. The second was that the UP government announced a revised compensation scheme for the acquisition of land. And now, more than two months later, that bears fruit: the township is back on, and...
More »SEARCH RESULT
'Nearly 10%' of Indians are without jobs
Nearly 10% of Indians are without jobs, a new study of the country's labour force has found. The study by the federal labour ministry was conducted in some 46,000 households in 28 states all over the country. It also found that over 85% of Indians had no access to social security. Various surveys have pegged India's unemployment rate between 2.8 to more than 10%. Analysts say the actual figure is much higher. They say...
More »Micro finance, macro objectives by Krishnamurthy V Subramanian
Sample some data on the microfinance performance in India: According to the data provided by www.mixmarket.org, microfinance in India reached close to 270 lakh active borrowers in 2009, with the average loan size close to Rs 8,000. This translates into total borrowing to over Rs 20,000 crore. Though this number seems large, it represents only 0.3% of our GDP. Thus, large swathes of poor, both in our villages and urban...
More »A Deadly Misdiagnosis by Michael Specter
Every afternoon at about four, a slight woman named Runi slips out of the cramped, airless room that she shares with her husband and their sixteen children. She skirts the drainage ditch in front of the building, then walks toward the pile of hardened dung cakes that people in this slum on the edge of the northeastern Indian city of Patna use for fuel. Dressed in a bright-yellow sari shot...
More »Unfulfilled hopes by Aman Sethi
Bottlenecks at every stage in the implementation of MGNREGA in Atra village in Chhattisgarh are making the villagers disillusioned. “If payment is unreliable, the poorest and the most vulnerable opt out of the system...” On a rainy day in September, Bir Singh Malekar, 45, rues his decision to stay back in Atra village in Chhattisgarh's Rajnandgaon district this summer, instead of leaving in search of work. “I usually go to Chennai between...
More »