At a time when the government is willing to pump thousands of crores for the revival of national carrier Air India, the finance ministry has rejected railways' plea for a temporary loan of Rs 2,101 crore to fund its development works.  Turning down the loan request, the ministry has the asked state-run transporter, which is under acute financial stress, to meet its liabilities by raising resources.  Railways made the demand considering negative...

The Planning Commission has received a sweeping set of recommendations that proposes free health care and medicines for diverse needs to all Indian citizens, irrespective of economic means. Whether or to what extent the proposals — described as “even bigger” than the UPA’s blockbuster job scheme — will be accepted will depend on the political and executive leadership. If the government throws its weight behind the initiative, it will effectively mean...

Recent events in south Asia have led to an unexpected reversal in the narrative of microfinance, long presented as a development success. Despite charges of poor treatment of clients, exaggeration of the impact on the poorest as well as the risks of credit bubbles, the sector can play a non-negligible role in reaching financial services to low-income households. In regulating the sector, there is need for caution in setting interest...

Revised MGNREGS guidelines to be finalised end of this week The revised guidelines for the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) is likely shift the social welfare programme's thrust from being labour-intensive to material intensive. This was indicated by the Union minister for rural development, Jairam Ramesh, on November 14 at a day-long seminar on the UPA government's flagship programme. At the consultations titled, Empowering Lives through MGREGA: Strengthening...

-The Telegraph   Law minister Salman Khurshid today unveiled a slew of bills to be taken up in Parliament’s winter session to demonstrate the government’s commitment to fighting graft, other than the Lokpal Bill that he said would address the “concerns of the common man”. The whistle-blowers’ bill, sports bill and the judicial accountability bills are among those on the agenda, the minister told a news conference in the run-up to the session...