The first issue in food security is India’s Hunger index. The Global Hunger Index released by International Food Policy Research Institute (IFPRI) places India 67th in rankings with a score of 24.1, far below China and below Sri Lanka, Pakistan and Nepal. According to FAO, about 25% of world’s undernourished live in India. The proposed Food Security Act is seen as the key instrument of intervention to remedy this situation. The...
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New draft rules for RTI draws flak by Ankur Paliwal
Activists say the rules undermine the spirit of the law The proposed draft Right to Information (RTI) rules, prepared by the Department of Personnel and Training (DoPT), Government of India, have invited more criticism than praise. RTI activists say the rules dilute the very spirit of the RTI Act 2005, instead of strengthening it. The new rules aim to amend the existing ones. DoPT uploaded the rules on its website inviting comments...
More »Who is responsible for India's poor – the state or the private sector?
Regulation in India's microfinance sector aims to address feckless borrowing and reckless lending – but will the new restrictions entrench poverty, rather than end it? One of the many crushing burdens for India's poor bear is debt; unable to make ends meet, they turn to traditional moneylenders. They are willing to extend credit, but at unconscionably high rates – sometimes exceeding 80%, and keeping borrowers in lifelong penury. Popular cinema and...
More »SC slams food authority over choice of experts
The Supreme Court on Tuesday slammed the Food Safety and Standards Authority (FSSA) for constituting a panel of scientific experts in violation of the Food Safety Act, 2006, which mandates independent experts from the field to be part of this body. It struck down the panel as it housed representatives of various companies involved in the manufacturing of beverages and food products and directed FSSA to resconstitute it within two weeks. The...
More »SKS may shut shop in Andhra Pradesh by Dinesh Unnikrishnan & Aveek Datta
SKS Microfinance Ltd on Thursday said it may downsize operations and even “shut shop” in Andhra Pradesh, which accounts for a quarter of its business, if the southern state retains its recent Act governing microcredit operations. “If the state Act is not repealed, we wouldn’t have a choice but to shut shop in Andhra and leave,” founder and chairman Vikram Akula said. India’s largest and only listed microfinance institution (MFI) would not,...
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