It is not often that a social security programme the size of Mahatma Gandhi NREGS - New Delhi has spent Rs 40,000 crore on it in 2010/11 alone - faces an existential moment. But, April 2011 will present one such crossroad: the end of the term of a bureaucrat widely acknowledged as the prime mover behind the five-year old scheme. Brought in six years ago to the Centre from her parent...

The scheme has reduced rural migration and promoted financial inclusion, but needs to create more durable assets. The Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) – the only government social welfare scheme named after the other Gandhi, not belonging to Nehru-Gandhi family – has recently completed five years. The performance of the scheme, considered a major pillar of UPA government's strategy of inclusive growth, has been a matter of debate. The...

Misleading data cited in a seminar paper on the situation of the minority community in the State tend to detract from the Left Front government's exceptional record on this count. Abusaleh Shariff, the Chief Economist of the National Council of Applied Economic Research, who was the Member-Secretary of the Sachar Committee, presented a paper on the socio-economic development of Muslims in West Bengal, at a seminar organised by the Institute of...

U.S. support for Muhammad Yunus is so strong that Dhaka may find a negotiated settlement to protect the Nobel Laureate's image and the independence of the Grameen Bank. Nobel Laureate Muhammad Yunus's three-decades-long journey with microfinance was laborious. But he most certainly did not encounter a crisis like the one he is facing now. It was only in December 2010 that the Bangladeshi — who shared the Nobel Peace Prize with...

High food prices prevented more than 19 million people in the Asia-Pacific region from lifting themselves out of poverty last year, the United Nations said in a new study released today, warning that soaring food and fuel inflation will keep large sections of the region’s population below the poverty threshold. The assessment by the UN Economic and Social Commission for Asia and the Pacific (ESCAP) says that rising food prices can...