The government on Tuesday approved a a proposal to draw a loan of $100 million (about Rs 450 crore) from the World Bank to promote microfinance in the country. The Cabinet Committee on Economic Affairs (CCEA) cleared the proposal for on-lending to the Small Industries Development Bank of India (Sidbi), which -- in turn -- would disburse the funds to the microfinance sector. “The fund will be used to promote responsible and...
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'A Manifest Collusion Between Ministers, Officials And Dow Chemicals' by Gopal Krishna
The PMO documents gathered using Right To Information Act (RTI) show a manifest collusion between ministers, officials and Dow Chemicals to protect it from the liabilities of Industrial catastrophe of Bhopal. The documents reveal how some of the ministers who have been made part of the Group of Ministers (GoM) by the Prime Minister have been acting to safeguard the interest of the US corporation in question, which is liable...
More »Rs 1100cr boost for 11 districts by Amit Gupta
The fight against Naxalites and development activity in rebel-affected areas are set to get a much-needed impetus over the next two years. Authorities in 11 rebel-affected districts of Jharkhand, which are among 33 across the country, have been told by the Planning Commission to prepare development plans to the tune of Rs 100 crore each for the 2010-11 and 2011-12 fiscals. Since the beginning of the month, deputy commissioners of...
More »Pranab to head group on caste census by Smita Gupta
Union Finance Minister Pranab Mukherjee will head the promised Group of Ministers (GoM) that will examine the modalities of enumeration of caste in Census 2011, senior government sources told TheHindu. The GoM was constituted on June 4, nine days after the Union Cabinet took a decision to do so. Its 10 other members are the representatives of all the Congress' partners in the United Progressive Alliance (UPA): Agriculture Minister Sharad Pawar, Defence...
More »Naxal-hit districts perform well in rural job scheme by Ruhi Tewari
Some of the districts hit by India’s biggest internal security threat seem to have done as well or better than the rest of the country in one key development-related aspect, according to the government. Unlike other welfare schemes that fail to take off in any significant way in these areas, the performance of the flagship Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) in 31 districts, around one-third of the total...
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