Social activists up in arms against proposed reforms; impact on procurement feared   The Union Government's new move to give primacy in the revised draft of the National Food Security Bill, 2011, to controversial schemes like cash transfers and issuance of food coupons to identified public distribution system beneficiaries in lieu of foodgrain entitlements has got social activists up in arms. The scheme was introduced under ‘Schedule II' in the initial draft of...

Recent events in south Asia have led to an unexpected reversal in the narrative of microfinance, long presented as a development success. Despite charges of poor treatment of clients, exaggeration of the impact on the poorest as well as the risks of credit bubbles, the sector can play a non-negligible role in reaching financial services to low-income households. In regulating the sector, there is need for caution in setting interest...

An unprecedented economic growth during the last decade has also seen increasing malnutrition, hunger and starvation amongst certain sections of society. India ranks 66 in the Food and Agriculture Organisation’s (FAO’s) World Hunger Index of 88 countries (Inter-national Food Policy Research Institute). More than 200 million people in this country are denied the right to food. One-third of all underweight children (57 million) in the world due to lack of...

Comply with High Court order on retirement benefits: Bench If there is change of ownership of a company, the existing employees cannot be forced to work under a different management without their consent and in that event, those workmen are entitled to retirement/retrenchment compensation under the Industrial Disputes Act, the Supreme Court has held. Giving this ruling on Friday, a Bench of Justices P. Sathasivam and J. Chelameswar accepted the contention of...

Opposes changes in bid norms, extra land acquisition and move to allow bidders to develop more than one UMPP The government’s auditor has come down hard on irregularities in the government’s policy on so-called ultra mega power projects, or UMPPs. The report of the Comptroller and Auditor General of India (CAG), parts of which have been seen by Mint, is with the power ministry for its comment, and could cause further embarrassment...