-The Indian Express The Samajwadi Party’s sweep in India’s biggest state, Uttar Pradesh, and Congress’s defeat in Punjab and Goa will further shrink the elbow room the Congress-led UPA government at the Centre has to push through key initiatives such as foreign direct investment (FDI) in multi-brand retail, pension reforms and legislation such as the goods and service tax (GST) that require support from states. The Centre had postponed some of these...
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Small farmers still excluded from formal financial channels
-The Economic Times Small and marginal farmers who constitute more than 80% of total farmer households in the country face exclusion from formal financial channels," says the Nair Committee on priority sector lending. The same report says "commercial banks have been prescribed targets since late 1960s for priority sector lending". The banking system failed the farmers and the needy despite nationalisation, but is there a viable model that could help the millions...
More »Rural poor in India better off than urban poor: Unicef
-The Hindustan Times Poor households of urban India are emerging hotspots for hunger and ill-health and children there live in worse conditions than in rural areas, says a new UN report released on Wednesday. The United Nations Children’s Fund (Unicef) report -- state of the world’s children 2012 -- say that like most parts of the world, children living in around 49,000 slums in India are "invisible". Half of these slums are in...
More »Extreme Poverty Drops Worldwide by Nikhila Gill
The world has achieved its first Millennium Development Goal of cutting extreme poverty in half ahead of the 2015 deadline, a study by the World Bank shows. The bank defines extreme poverty as living on under $1.25 per day, adjusted for purchasing power parity. According to the report, released this week, 1.29 billion people, or 22 percent of the developing world’s population, live below $1.25 a day, down from 52 percent...
More »World meets goal of boosting access to clean water but lags on better sanitation–UN
-The United Nations The goal of reducing by half the number of people without access to safe drinking water has been achieved, well ahead of the 2015 deadline for reaching the globally agreed development targets aimed at ridding the world of extreme poverty, hunger and preventable diseases, the United Nations said today. Between 1990 and 2010, over two billion people gained access to improved drinking water sources, such as piped supplies and...
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