-Deccan Herald Children to get foodgrain, cooking cost as per FSA New Delhi: Schoolchildren may soon be entitled to supply of foodgrain along with cooking cost in case the midday meal is not served, with the Human Resource Development (HRD) Ministry finalising modalities for giving them food security allowance, mandatory under the Food Security Act. At a national level consultation held by the ministry in Meghalaya recently on preparation of rules for granting...
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Super rich defaulters push Indian banks towards collapse
-DNA What is worse is that just the top 30 cases of default account for a Rs 1.21 lakh crore, which is almost 40% of the Non Performing Assets (NPAs) in banks. The upper middle class, who usually takes loans of over Rs 1 crore, accounts for 33% of the total NPAs. It's not the poor farmers or the middle class who are defaulting on their loans. It's the country's super rich,...
More »Who cares for the small farmer? -PSM Rao
-The Hindu Business Line Not the RBI, going by the revised priority sector lending norms, which will further reduce credit to the marginalised Prime Minister Narendra Modi has often expressed his sense of anguish at the plight of farmers. In a recent statement in the Lok Sabha, he noted that the agriculture community’s problems were “old, deep-rooted and widespread”, and stated that farmers cannot be left to fend for themselves. Implicit in that...
More »Delhi hangs sword over NGOs -Ananya Sengupta
-The Telegraph New Delhi: Tweaks the home ministry has proposed to rules governing foreign funding for NGOs will leave these organisations at the mercy of the government's unilateral interpretations of what violates an undefined idea of "national interest", social activists have said. More than the suggested new rules themselves, put up on the ministry website for feedback yesterday, it's the mandatory declaration proposed for NGOs at the end that critics have termed...
More »Varun Gauri, Senior Economist, Development Research Group at the World Bank, interviewed by Anjuli Bhargava
-Business Standard The World Bank's latest report "Mind, Society and Behaviour" calls for re-designing development policy based on a more realistic understanding of how human beings think and behave. The lead author of the report, Varun Gauri, was in New Delhi and spoke to Anjuli Bhargava on the thinking behind the report and what India can do with it. Edited excerpts: * Right from the cover design to the title, this report...
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