Focus may be on forestry issues and reducing emissions from deforestation This beach resort, swarming with tourists and sports utility vehicles and having opulent hotels and evident unsustainability, may not be the ideal place for a climate change conference but the real issues of climate change are too critical not to be debated anywhere. The United Nations Climate Change Conference that gets under way here on Monday may not result in much...
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Black swan in micro-finance by Ajit Ranade
The SKS IPO and the Andhra Pradesh ordinance have suddenly changed everything. Will it be the death knell or will it usher in a reformed and healthy industry? There are three basic facts about micro-finance in India. First, most of what is described as micro-finance industry is actually micro-loans. There is hardly any provision of micro-savings, micro-investments, micro-insurance or micro-pensions. This is mostly because of regulatory reasons, i.e. accepting money...
More »Inefficient PDS scheme troubles poor people
Irregularities in the public distribution system (PDS) are rampant in the district due to lack of an effective vigilant mechanism. Fair price shop dealers, who are allegedly having nexus with politicians and bureaucrats, are diverting essential commodities to the black market. There are 2,600 fair price shops across the district and about 11 lakh poor families benefit with these. The vigilance and enforcement officials conducted several raids and unearthed illegally hoarded subsidised rations...
More »Knick Knack, Paddy Whack by Saikat Datta
Subterfuge is the favourite tool of the corrupt, when caught. That seems to be the case as the Union ministry of commerce and industry proceeds at an elephantine pace in its “inquiry” into the Rs 2,500-crore rice export scam reported in Outlook. Last year, on July 30, Parliament erupted in a furore over the revelation that despite a strict ban on exports, tonnes of 25 per cent broken, non-Basmati rice...
More »Widening horizons by V Venkatesan
The outgoing CIC interprets the RTI Act in a liberal spirit to direct the Calcutta High Court to provide information to an applicant. IN a landmark decision before he completed his term as Chief Information Commissioner on September 30, Wajahat Habibullah rejected the Calcutta High Court's contention that it was not subject to the CIC's jurisdiction under the Right to Information Act, 2005. The Calcutta High Court has the distinction of...
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