-The Economic Times Even as India gears up for cash transfers aimed at its poorest, Brazil has been running the Bolsa Familia (BF) cash transfer scheme, widely credited with helping cut inequality by 17% in five years, reducing Brazil's poverty rate from over 40% to 28.8%. BF is run by the National Secretariat of Citizenship Income (SENARC) of Brazil's ministry of social development. Luis Henrique Paiva, secretary of SENARC, spoke about...
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Growthwallahs need to pause and reflect-Anil Padmanabhan
-Live Mint The solutions to India’s growth problems require a more holistic approach Whether rightly or wrongly, there is a growing critique of India’s current development strategy: of a top-down, trickle-down theory that rides on an extraordinary growth momentum. They are disparate, but when the dots are connected they do present a coherent reminder that this strategy may not be the best and, worse, it is not sustainable. To a large extent this...
More »At 3 crore rural accounts, banks set global record
-The Financial Express The banking sector has opened over three crore accounts in rural India as part of their financial inclusion drive. Compared to the number of rural households in the country of over 22 crore this is about 13 per cent. The government data upto March 31, 2012 also shows the extent to which the banking sector has to stretch to make the Aadhaar programme a success. The Aadhaar roll out of...
More »Global wage growth slows despite increases in emerging economies–UN report
-The United Nations Global wages remain far below pre-crisis levels, says a new United Nations report, which points to a continuing slowdown in developed countries alongside increases in emerging economies. The Global Wage Report 2012/13, released today by the International Labour Organization (ILO), shows that global monthly wages grew by 1.2 per cent in 2011, down from three per cent in 2007 and 2.1 per cent in 2010. It also cites huge...
More »Gujarat govt accused of manipulating youth employment data
-DNA Gujarat government’s tall claim of providing employment to 65,000 youth under ‘Swami Vivekananda Youth Employment Week’ have been contradicted by its won reply to a RTI plea filed on issue. Jyoti Karmachari Mandal (JKM), the organisation that filed the plea seeking details of Rojgar Melas held in state, has accused the state government of manipulating figures to mislead people. They alleged that state government’s reply showed that beneficiaries were given employment letters...
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