-Outlook A parliamentary committee has picked holes in the ambitious agriculture Debt waiver and Debt relief scheme of the UPA government saying it could not achieve its goals due to a variety of reasons including violation of guidelines and poor monitoring. Parliament's Public Accounts Committee (PAC) in its draft report on the scheme said there was a "flagrant display of financial and administrative indiscipline by the Department of Financial Services (of the...
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Reading the Tea Leaves on Financial Inclusion: The Case of Rural Labour Households -S Chandrasekhar
-Economic and Political Weekly Understanding the extent of financial inclusion of rural labour households is important since in the intercensal period 2001-11, the proportion of agricultural labourers in the workforce increased by 3.5 percentage points. This paper examines progress in financial inclusion using information on inDebtedness of rural labour households collected by the National Sample Survey Office as part of the surveys of employment and unemployment conducted in 2004-05 and 2009-10....
More »'I don’t tell them if I am not well, as I may lose a day’s salary' -Harsha Raj Gatty
-The Indian Express Domestic workers in the state are meant to get minimum wage of Rs 5,000, health care benefits, scholarships for kids, life insurance. It's 4 am and Vasanthi B is already up. After years, it's now a habit, and she doesn't need an alarm to wake up to get her daughters Shweta, Shilpa and Shobha, aged 11, 9 and 7 respectively, ready for school. By the time they leave at...
More »Housing For Poor Can Spur Economic Growth
A new report on India's housing sector confirms with facts and figures what has been suspected all along: that despite growing demand for affordable housing, supply side responses have been weak and sluggish. This means even though the housing sector can directly impact employment and income generation, and has multiple forward and backward linkages with various industries, it needs innovative ideas, pro-poor thinking and policy stimulus. (See link below for...
More »Farmer in UP Commits Suicide Over Mounting Debts
-Outlook Muzaffarnagar (UP): A Debt ridden farmer in Atrohana village in the district has allegedly committed suicide by shooting himself at his house, police said. Sanjay Tyagi (48), was depressed over the mounting Debts that he had taken from a bank and as the bank officials were pressuring him to pay back the loan, yesterday he took to the extreme step, they said. The body has been sent for postmortem. Meanwhile, block secretary of...
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