Prime Minister Manmohan Singh today reached out to India’s civil society and sought to be in sync with the restive public mood worldwide. Singh warmly appreciated “Anna Hazareji’s movement”, condemning the physical attacks on Team Anna members in recent days, sympathised with the sentiments of the Occupy Wall Street protests and praised the role of the judiciary as central to India’s democracy. In a wide-ranging interaction with journalists on his flight home...
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Rural Development ministry proposes to spend Rs 2 lakh crore on rural roads, skills training by Gunjan Pradhan Sinha
The rural development ministry has drawn out a plan to spend as much as Rs 2 lakh crore on two of its major schemes — Pradhan Mantri Gram Sadak Yojana (PMGSY) and the Swarna Jayanti Gramin Swarozgar Yojana (SGSY). The ministry, however, has left it to the government and the plan panel to decide the timeline over which these funds should be spent. The plan panel has indicated that it wants...
More »Mamata sets seven-day deadline to Maoists
-The Hindu Making no reference to the month-long conditional “ceasefire offer” from the West Bengal leadership of the Communist Party of India (Maoist), Chief Minister Mamata Banerjee on Saturday gave a seven-day deadline to the Left Wing Extremists in the Jangalmahal region on her offer of “negotiations if you give up your arms.” During her second visit to the Maoist-affected Jangalmahal region after assuming charge as Chief Minister, Ms. Banerjee claimed that...
More »The failure of a hopeful idea
-Live Mint The poor remain poor because they lack resources. And the formal finance sector does not want to lend them because they are too poor, costs are high and they hardly have anything to offer as collateral. That is, they are trapped in the vicious circle of poverty. This was so until the arrival of microfinance—successfully demonstrated by the Bangladesh model that the poor are “good” borrowers. It was held...
More »The truth behind rural wages in India by Akshat Kaushal
Real wages in the hinterland have stagnated despite zooming economy While the economy has zoomed along at an average of 7.2% of GDP in the last decade, real wages in the hinterland have stagnated. You would imagine that after a decade of impressive economic growth averaging around 7.2 per cent, rural populations would be beneficiaries to this story. However, wage patterns considered over the last ten years show that real wages (wages...
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