-The Hindu Business Line MFIs are unable to address the needs of self-help groups. They have been hit by the falling growth of SHGs There has been a long-standing debate on the ability and effectiveness of the formal banking system as a vehicle for financial inclusion. The thrust has been to increase the number of small banks, as they play a very important role in the supply of credit to small business...
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A more effective antidote to poverty? -Harish Damodaran
-The Indian Express The average annual MGNREGA spend in TN, for instance, is two-and-a-half times more than that for Bihar. Is the PMGSY more pro-poor compared to MGNREGA? Going by where monies under the two programmes get spent, the answer could well be yes. In a recent analysis, NC Saxena, Distinguished Fellow of the policy think-tank Skoch Development Foundation and former Secretary, Planning Commission, has noted how the expenditure on MGNREGA is...
More »States demand more money from Centre ahead of Budget
-Business Standard We should work in unison to boost growth: FM Even as the Centre harped on devolving higher share of funds to states following the recommendations of the 14th finance commission, the latter demanded that they be given more money and the Union government should retain its share of funding for centrally-sponsored schemes in the upcoming Budget. At the pre-Budget meeting with Finance Minister Arun Jaitley on Saturday, states also sought more...
More »NITI Aayog task force may suggest separate poverty indicators for social schemes
-The Hindu Business Line New Delhi: The issue of one poverty number continues to absorb the NITI Aayog, and indications are that its task force on elimination of poverty will suggest having separate indicators for different social schemes such as health and housing. “A debate has been on within the task force on whether there should be one poverty number or separate indicators for different schemes… Discussions are also taking place on...
More »How deep is India’s poverty? -C Rangarajan and S Mahendra Dev
-The Indian Express India’s poor are closely bunched up near the poverty line. This could make Poverty Alleviation more manageable. A recent World Bank (WB) report brought out poverty ratios across countries. According to these estimates, poverty in India in 2011-12 could be as low as 12.4 per cent if we use “modified mixed reference period” (MMRP), in which there are three recall periods depending on the nature of items. This...
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