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Trajectory of distress: From farm to factory

-The Economic Times Blog Two apparently unrelated events — a sharp fall in factory output growth and a spike in consumer price inflation —point to deep problems underlying the economy. September industry growth fell to 3.6%, the lowest in four months. Meanwhile, the consumer price index (CPI) went up to 5% in October, higher than the consensus estimate of 4.8%, headed north for the third successive month. The rise in prices is driven...

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Government plans vouchers to subsidise rent for urban poor -Shalini Nair

-The Indian Express The voucher scheme is supposed to act as an intervention for LIG and EWS segments who are forced to seek accommodation elsewhere in the face of inadequate social rental housing THE MINISTRY of Housing and Urban Poverty Alleviation is considering introduction of subsidies, in the form of direct benefit transfer, that would be provided to economically weaker sections (EWS) and low income group (LIG) households towards their rent payments. The...

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Too poor to qualify for loans -Mehboob Jeelani

-The Hindu Banks continue denying loans to low-income groups, insisting on sticking to a standard EMI route even though they are dealing with a complex social issue. In July 2012, Pradeep Kumar, a 36-year-old resident of Ladpur, a shanty town that sits on the north-western periphery of Delhi, applied for an employment loan at the magistrate’s office in Kanjawala district. Under the Pradhan Mantri Rozgar Yojana or PMRY — a funding policy...

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Toilets in schools: Month to go for Red Fort address, private sector misses target PM set -P Vaidyanathan Iyer

-The Indian Express The private corporate sector has completed construction of just 424 toilets or 8 per cent of its commitment of 5,134 toilets. New Delhi: With just over a month to go for Independence Day, the private corporate sector has fared the worst in building school toilets to meet the target set by Prime Minister Narendra Modi on August 15 last year. He had announced construction of toilets in all...

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NGOs’ foreign funds and a trust deficit -Trilochan Sastry

-The Hindu There is no organised conspiracy against NGOs. It is in the nature of power to exercise greater control, and exempt itself from accountability. The recent changes in the rules governing foreign funding of NGOs under the Foreign Contribution Regulation Act (FCRA) have been widely discussed. The last word on it will perhaps never be written. The UPA government initiated this and we see some concrete changes now. Sifting through the...

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