-The Economic Times   High agricultural wages due to the success of government's flagship employment guarantee programme has hindered the development of micro enterprises in the hinterlands, says a research paper by Indian School of Business (ISB). The Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) has facilitated poverty alleviation in rural areas, it has discouraged village-level entrepreneurial ventures, the study has concluded. MGNREGA entitles 100 days of employment in a year to...

The advance estimate of national income in 2011-12, released recently by the Central Statistical Organisation points to a decline in India’s GDP growth rate from 8.4 per cent last year to 6.9 per this year. The government, obsessed with growth rates, is deeply disappointed. Hence there is already talk of the need to respond and demands that the Reserve Bank of India should reduce interest rates are being heard. There...

SHEILA DEVI, 54, of Nangal Kalan village in Haryana’s Sonepat district cannot comprehend how Taneja Developers and Infrastructure Ltd (TDI) procured her two-acre plot in 2004, ‘signed’ with thumb impressions of her husband Narender Singh, who died in 2002 and his brother Bhupender, who went missing the next year. The documents are obviously forged. But how did a farmers’ family get cheated in Haryana, where the land acquisition policy formed in...

-The Economic Times   In 2007, 27-year-old Kaushalendra from Bihar shunned the placement frenzy, which would see many of his colleagues earn fat salaries, in favour of a more homespun alternative: Selling fresh vegetables on a push cart to residents of his hometown Nalanda.  Putting together whatever money he had, Kaushalendra began the venture in 2008 and soon started doing well. People didn't mind paying a little more if they saw value in...

World Bank arm finances polluting steel mill in Jharkhand As the train slowly approaches Jamshedpur town in Jharkhand, the sky begins to turn reddish. It is because of the thick red dust emanating from an industrial unit, surrounded by heaps of industrial solid waste comprising unburnt coal char and flyash. The unit is a medium-scale iron and steel mill belonging to conglomerate Usha Martin. Spread over 120 hectares, the mill became operational...