A three-member team of experts, headed by economist Bibek Debroy, began its job of mapping a growth path of politically unstable Jharkhand today by meeting chief minister Arjun Munda and discussing the contours of a state development report. Working on a three-month time frame, Debroy, who was approached by Munda to take up the assignment, said his meeting with the chief minister was productive. “He has given us some thoughts to work...

Will UPA-II's ambitious food security programme work? The issue gains immediacy, with the National Advisory Council unveiling a new draft plan envisaging legal entitlement to subsidised foodgrain for at least 75 per cent of the population. That works out to almost 800 million people. If implemented, this means the government's food subsidy bill will be far bigger. Also, our groaning public distribution system will come under greater strain. Now, central...

A worried government has put on fast track the proposed bill to regulate micro-lenders, as it seeks to ensure that over-regulation by states does not kill the sector that is envisaged to play a big role in furthering financial inclusion. The finance ministry could move a bill in the winter session of Parliament that will make Nabard responsible for regulation of all non-profit microfinance institutions structured as trusts, cooperatives, or mutual...

Eminent economist and Vice-Chairman of the Kerala State Planning Board Prabhat Patnaik said on Saturday that the euphoria in official circles over financial inclusion has risen because of the “systematic scaling down of institutional credit to the peasantry and other productive sectors in the last two decades”. Delivering the centenary lecture dedicated to the memory of Prabhat Kar, a pioneer of the trade union movement in the banking industry, Mr....

In a few days from now, women could account for 52 per cent of all local bodies. They are tailors, farmers, accountants, legal clerks, homemakers, vendors and activists. There are M.Com degree holders alongside poor women from deprived backgrounds. Together, they make up the most highly educated women candidates fighting local body elections anywhere in the country. There are nearly 40,000 of them contesting the polls across more than 1,200...