While there is all-round concern about how the NREGA funds are being utilised at the grass-roots level, the Union rural development ministry has initiated the process of inducting technology to streamline the delivery system under NREGA. This will have a revolutionary impact on programme delivery. With about 50 million people working on site in 2,50,000 panchayats all across the country, the magnitude of the task is daunting. However, once the initial...
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UN-backed ‘clean stove’ initiative to save lives and heal environment
A United Nations-backed intervention involving cook stoves holds the promise of saving lives, uplifting health, improving regional environments, reducing deforestation, empowering local entrepreneurs, speeding development, and helping to stem global climate change. The United Nations Environment Programme (UNEP) has joined international efforts to dramatically boost the efficiency of some 3 billion cook stoves across Africa, Asia and Latin America, with the aim to protect women’s health and provide significant environmental...
More »Banks may find it tough to ensure microfinance companies don’t charge high rates
Banks will have to put in place a mechanism to verify that microfinance institutes (MFI) they finance do not charge exorbitant rates to the final borrowers. The finance ministry has asked banks to ensure that MFIs, whom banks are financing, do not lend at rates more than 24% — all inclusive rates — to the ultimate borrowers. Some banks have recently inserted a clause while lending to MFIs that they...
More »Distribute, procure, store and sow by MS Swaminathan
The goal of food for all can be achieved only through sustained efforts in producing, saving and sharing foodgrains. The Supreme Court of India has rendered great service by arousing public, professional and political concern about the co-existence of rotting grain mountains and mounting hungry mouths. In several African countries hunger is increasing because food is either not available in the market, or is too expensive for the poor. Food inflation...
More »Business Class Rises in Ashes of Caste System by Lydia Polgreen
Chezi K. Ganesan looks every inch the high-tech entrepreneur, dressed in the Silicon Valley uniform of denim shirt and khaki trousers, slick smartphone close at hand. He splits his time between San Jose and this booming coastal metropolis, running his $6 million a year computer chip-making company. His family has come a long way. His grandfather was not allowed to enter Hindu temples, or even to stand too close to upper-caste...
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