Environment minister Jairam Ramesh today said the use of sports utility vehicles and BMWs in India was “criminal” and called for changes in diesel pricing to discourage people from riding fuel-guzzlers. He said India’s SUV market was growing on subsidised diesel, the owners benefiting from the subsidies intended mainly to help farmers. “The growth of large-size vehicles like SUVs is a growth of concern.... The use of vehicles such as SUVs and...
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What's in NREGA for the middle class? by Aruna Roy
Despite its seminal success in beginning a process of addressing issues of poverty, starvation and empowering the poor, the MGNREGA needed a general election to breathe life into it. However, the disproportionate influence of the middle class on social sector policy has led to the same set of pre-election prejudices resurfacing. "What use is the MGNREGA to the economy at large?" asks the businessman, one eye fixed apprehensively on the share...
More »Black money became a reality in realty sector by Nauzer K Bharucha
We are a cash-rich company run by professionals,” says a smarmy 30-something Mumbai-based head of a leading real estate company. His company’s exponential growth in the span of just five years has raised eyebrows in industry and banking circles. The reasons are clear. The company is known to have tremendous clout in the corridors of power and with the builders’ lobby. It is backed by several Important politicians in Mumbai and...
More »Five myths about microfinance by TT Ram Mohan
The microfinance bubble has burst. The AP government ordinance, the AP oppositionfs campaign asking borrowers not to repay and the sheer public hostility towards MFIs . all these have put the brakes on MFI activities for now. We need to rethink the role of MFIs in the rural economy . In order to do so, we must first grasp some of the myths on which the MFI sector has rested...
More »Regulator for biotech to be supervised by govt panel
The performance of the upcoming biotechnology regulatory authority of India (BRAI), would be supervised by an inter-ministerial governing board, even though the time frame in which the regulatory body would come up is not clear. This is a clear deviation from the previous stance, which conceptualised the setting up of the regulatory body under the direct control of the department of biotechnology. “The Bill provides for setting up of inter-ministerial governing...
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