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Will India be the world's fastest growing economy?

The India growth story is enviable. Despite plaguing problems, India has emerged stronger and resilient to the global crisis so far. India is expected to be the world's fastest growing economy by 2018, according to Economist Intelligence Unit (EIU), the research arm of the Economist magazine. India, the second largest growing economy will overtake China as the fastest growing major economy with an average of eight per cent in the...

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Rural electricity to speed up inclusion

The Indian Electricity Act, 2003, initially envisaged that the appropriate governments shall endeavour to supply electricity to all areas including villages and hamlets (Section 6), thus placing the responsibility for ensuring rural electricity supply on state governments. The UPA-I government amended this section to read as follows after detailed deliberations internally and with opposition parties: the concerned state government and the central government shall jointly endeavour to provide access to...

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‘N-E funds unused’

Against the backdrop of allegations about under-utilisation of funds in the Northeast, Prime Minister Manmohan Singh today bemoaned this trend, while claiming that the current Union government has made allocations to the region like never before. “All I can say is that our government has increased very substantially the allocations for the development of infrastructure in the northeastern region. I think the amount of money that we have allocated has...

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India 'diverts funds for poor to pay for Delhi games' by Chris Morris

Tens of millions of dollars have been diverted in India from schemes to fight poverty and used to fund Delhi's Commonwealth Games, a report says. The Housing and Land Rights Network pressure group says its report is based on official documents obtained under India's right to information act. The group says there should be an independent inquiry into how this was allowed to happen. Government officials in Delhi say they are...

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Microfinance institutions encourage toilet construction with loans at low interest rates by Anupama Chandrasekaran

For nearly three decades, Selvi V. has lived in a village in the Kanchipuram district of Tamil Nadu, 75km from Chennai, without a toilet. And there really wasn’t any need felt to have one in this family of daily wage farm labourers. Selvi and her now-married daughter would wake up either early every morning or wait until dark to relieve themselves in a thicket of thorny shrubs a little distance...

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