So why is the UPA hell-bent on killing its unique success story: the NREGA? Here's the inside narrative of the conspiracy. It took 47 days of a protest sit-in at Jaipur to make the state budge(1). It's notable that the objective of this protracted protest was not to coerce the Rajasthan government for an extra share of the state's resources, but to hold the government accountable to the Constitution and its...
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Microlenders, Honored With Nobel, Are Struggling by Vikas Bajaj
Microcredit is losing its halo in many developing countries. Microcredit was once extolled by world leaders like Bill Clinton and Tony Blair as a powerful tool that could help eliminate poverty, through loans as small as $50 to cowherds, basket weavers and other poor people for starting or expanding businesses. But now microloans have prompted political hostility in Bangladesh, India, Nicaragua and other developing countries. In December, the prime minister of...
More »Forest Rights Act May Pave Way to Disputes
After visits to 17 states, a committee set up in April last year to check out the implementation of India’s Forest Rights Act, meant to fix “historical injustice,” wasn’t very happy. The law, which came into full effect two years ago, was intended to assert the rights of forest dwellers more firmly. “The overall finding of the committee is that, with notable exceptions, the implementation of the FRA has been poor,...
More »Govt explores capping FDI in pharma by CH Unnikrishnan
The Indian government is exploring a proposal to reduce the limit on foreign direct investment (FDI) allowed in the pharmaceutical industry through the automatic route to 49% from 100% amid concerns over the takeover of local drug makers by overseas firms. Officials from the ministry of commerce and industry and the ministry of health have had multiple rounds of discussions on the proposal following a note written to them by the finance...
More »Row over GM rice
Close on the heels of the protests over the commercial introduction of Bt brinjal in the country, reports of field trials for a genetically modified (GM) variety of rice in West Bengal has sparked another controversy. A group of scientists held a press conference here on Thursday strongly protesting the development after media reports emerged about the decision of the Genetic Engineering Approval Committee (GEAC) to grant permission to the Calcutta...
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