The Sonia-Gandhi led National Advisory Council is pushing to amend the Unorganised Workers’ Social Security Act, 2008 to make it more inclusive and include a comprehensive social security package. The council, which met last month, pitched for a security package that would contain health insurance, maternity assistance, a life-cum-disability insurance scheme and a pension plan that it proposed should be provided through a single window backed by an inter-ministerial committee consisting...
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Nabard records 40% growth in farm credit in FY12
-The Business Standard The National Bank for Agriculture and Rural Development (Nabard) has recorded a 40 per cent growth in agriculture credit and rural development in Karnataka during 2011-12. It has extended farm credit of Rs 6,053 crore during the year. While the production credit refinance extended to cooperative banks and regional rural banks (RRBs) was Rs 3,775 crore, its finance to state government under the Rural Infrastructure Development Fund (RIDF)...
More »Small farmers still excluded from formal financial channels
-The Economic Times Small and marginal farmers who constitute more than 80% of total farmer households in the country face exclusion from formal financial channels," says the Nair Committee on priority sector lending. The same report says "commercial banks have been prescribed targets since late 1960s for priority sector lending". The banking system failed the farmers and the needy despite nationalisation, but is there a viable model that could help the millions...
More »Tenuous lives by Vikhar Ahmed Sayeed
Conservation measures have taken away the traditional livelihoods of nomadic tribes in Karnataka. AT a short distance from the world famous monuments at Hampi is the village of Hulihaidar in the fertile region of the “rice bowl of Karnataka” in Gangavathi taluk in Koppal district. Local residents say it was an important town in the Vijayanagara empire (1336-1646 C.E.) and the seat of a local lord. Today it is home to...
More »Every third malnourished child is an Indian: report
-CNN-IBN Prime Minister Manmohan Singh released the first-ever citizens' report on child malnutrition in the national capital on Tuesday. "The problem of malnutrition is a national shame," the Prime Minister said. The statistics in the HUNGaMA (Hunger and Malnutrition) report say that every third malnourished child on the planet is an Indian. The report, on the survey conducted by Naandi Foundation, has been made at the insistence of the Citizens' Alliance against...
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