The Government is finalising the blueprint for a scheme to enable a vast majority of the urban poor to own a house.   The housing and urban poverty alleviation (HUPA) ministry has proposed to stand in as guarantor for home loans up to Rs 5 lakh. Under the scheme, banks would be reimbursed up to 90 per cent in case the poor default on these loans. The scheme, targeting those earning less than...

Prosecutors have begun questioning the controversial chief minister of India's Tamil Nadu state, Jayaram Jayalalitha, in a corruption case against her. She is accused of amassing huge amounts of wealth during a previous term as chief minister between 1991 and 1996. She denies the allegation. The case was transferred from Madras (Chennai) in Tamil Nadu to Bangalore, capital of neighbouring Karnataka state, to ensure a fair trial. Security was tight for her appearance. Known...

-The Business Standard   A day before the National Development Council is scheduled to meet and possibly debate on the poverty line and the Food Security Bill, the second India Human Development Report -2011 has said India progressed well in social development front, with higher enrollment rates in education, and a shift towards social inclusion of marginalised communities and minorities. The report, by the Institute of Applied Manpower Research, an autonomous body under...

Today is the ''International Day for the Eradication of Poverty'', so it an appropriate day to note how necessary it still is to emphasise this concern among Indian policy makers. Sadly, lack of official awareness is evident in all sorts of recent policy measures, for example in the cynicism of increasing oil prices that feed into all other prices with cascading effects, even when inflation has already imposed huge burdens on...

-FAO   Food price volatility featuring high prices is likely to continue and possibly increase, making poor farmers, consumers and countries more vulnerable to poverty and food insecurity, the United Nations' three Rome-based agencies said in the global hunger report published today.    Small, import-dependent countries, particularly in Africa, are especially at risk.  Many of them still face severe problems following the world food and economic crises of 2006-2008, the UN Food and...