-IPS News New Delhi: Bhure Lal, a 33-year-old street-food vendor, has been selling his spicy ‘chaat' outside the New Delhi Railway Station for 15 years. But despite a punishing 12-hour work schedule, and a new law to protect hawkers like him, he doesn't take home enough to feed his family. More than half of Lal's weekly income from the ‘chaat', a lip-smacking pot-pourri that is particularly popular with women, is extorted by...
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Who foots the huge dole for business? -Latha Jishnu
-Down to Earth Bad loans of public sector banks to business are more than double the food subsidy There are some things you simply do not do in the liberalised economy. You do not put bank loans under the lens-unless these are ballooning out of control. That is, until such loans are likely to jeopardise the entire banking system and send the economy into a tailspin. And there's another thing: you don't...
More »Parmesh Shah, the World Bank’s lead rural development specialist for South Asia speaks to Parakram Rautela
-The Times of India blog Between 2011 and 2017, the World Bank will spend $4 billion on rural development in India. Parmesh Shah, the bank's lead rural development specialist for South Asia, talks to Parakram Rautela about how that money is going to be spent and how they're working towards their ultimate aim - a world free of poverty Q. It's one thing to say that you want to eradicate world poverty...
More »After Farmers Commit Suicide, Debts Fall on Families in India -Ellen Barry
-The New York Times BOLLIKUNTA, India - Latha Reddy Musukula was making tea on a recent morning when she spotted the money lenders walking down the dirt path toward her house. They came in a phalanx of 15 men, by her estimate. She knew their faces, because they had walked down the path before. After each visit, her husband, a farmer named Veera Reddy, sank deeper into silence, frozen by some terror...
More »Government of India and World Bank Sign $500 Million Agreement to Improve Rural Water Supply and Sanitation Services in Four Indian States
-The World Bank About 7.8 million rural people are expected to directly benefit from the project NEW DELHI: The government of India and the World Bank today signed a $500 million credit agreement to improve piped water supply and sanitation services through decentralized delivery systems in the states of Assam, Bihar, Jharkhand and Uttar Pradesh. The credit agreement for the Rural Water Supply and Sanitation (RWSS) Project for Low Income States was signed...
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