-The Business Standard   One of Sewa's triumphs is formation of the Mahila SEWA Sahakari Bank In April 10 this year, SEWA, the Self-Employed Women’s Association, which prefers to describe itself as a cooperative or trade union rather than a microfinance institution (MFI) (though it straddles both spheres), with a membership of 1.3 million women, completed 40 years of its existence. This gives us an ideal opportunity to review its historic contribution to...

A narrow education is making engineers oblivious to the importance of human interaction and raising the cost of even simple tasks My time in South Asia has rewarded me with an enigma: why is engineering so expensive here? Why is it often many times more expensive than in Australia, my home? My search for answers led me to shanty towns on the fringes of mega-cities. We compared an award winning Indian factory...

-The Business Standard The Ministry of Rural Development has rejected the demand of a parliamentary standing committee to include the works of Artisans, weavers and leather workers in the list of permissible works under the Mahatma Gandhi National Rural Employment Guarantee Scheme. The Central Employment Guarantee Council, constituted under the legislation establishing the rural jobs scheme to oversee it, had earlier turned down this recommendation of the standing committee on urban and...

Export Import Bank of India has sanctioned a Libor-linked foreign currency loan to Artisans in Bihar for bulk purchases of tasar silk, their raw material. Libor is London inter-bank offer rate which is being used as a benchmark for short term rates in the international capital market. Exim Bank has given the working capital loan for three months to Ecotasar Silk Pvt Ltd, an enterprise manufacturing off-the-loom tasar silk products in...

The National Advisory Council will ask the Centre to focus the ongoing socio-economic caste census on enumerating and classifying denotified, nomadic and semi-nomadic tribes, or DNTs. The plan is to give these groups priority while issuing unique identity cards and introducing laws that will grant them explicit recognition on the lines of the 1992 statute on minorities. The NAC said special directives must be issued to the housing and urban poverty alleviation...