Microcredit is losing its halo in many developing countries. Microcredit was once extolled by world leaders like Bill Clinton and Tony Blair as a powerful tool that could help eliminate poverty, through loans as small as $50 to cowherds, basket weavers and other poor people for starting or expanding businesses. But now microloans have prompted political hostility in Bangladesh, India, Nicaragua and other developing countries. In December, the prime minister of...

It will be tabled in the budget session of Parliament: Kharge Manmohan's nod obtained for amendment 17 amendments to impose higher penalties In a move that will benefit 55 lakh workers in the mining sector in the country, the Union Labour and Employment Ministry is amending the National Mines Act 1952. The Amendment Bill would be tabled during the budget session of Parliament. Announcing this at a press conference at the Karnataka Pradesh Congress...

The only economic or social variable that has not moved since 1991 in India is our 93% informal employment in the informal sector. So, while we have smartly and substantially moved the needle on everything from foreign exchange reserves, infant mortality, school enrolment, market capitalisation, foreign investment, and pregnancy deaths, 9 out of 10 of our workers do not work in organised employment. Informal employment—what President Alan Garcia of Peru...

Rolling out a slew of measures for the working class in 2010, the government effected key reforms in some labour acts while also raising the annual rate of returns on employee provident funds to 9.5 per cent. The steps came as the government also unveiled the draft national policy on employment with suggestions of launching of a employment guarantee scheme in urban areas on the lines of NREGA. It amended the Payment...

The Central government's newly proposed RTI rules make its intentions suspect. GOVERNMENTS which have only superficial commitment to the promotion of human rights often come under considerable pressure from within to impose stealthily restrictions on their exercise. They try to introduce such restrictions without much publicity, seek to execute them in a tearing hurry, and couch them in legal jargon. The Central government's proposal to notify the Right to Information...