One swipe of the smart card and hospital bills of up to Rs 30,000 can be paid under the Centrally sponsored Rashtriya Swasthya Bima Yojana (RSBY). This potential of the smart card, unlocked for over twenty million beneficiaries of the scheme, is now set to empower beneficiaries of subsidised food grains in Orissa to buy wheat and rice. The idea is to have a single smart card serve multiple purposes. The...

Five years and Rs 75,000 crore later, the Centre has asked states to start a physical trail of expenses incurred under the National Rural Employment Guarantee Scheme (NREGS). The move comes after the government found out that less than 5 per cent of the total 68.6 lakh works taken up to provide jobs to rural unemployed has been completed to date in the current fiscal. Even cumulatively, since its inception in 2006,...

Prime Minister Manmohan Singh addressed a conference on ‘Leveraging agriculture for improving nutrition and health’ in New Delhi, organised by the International Food Policy Research Institute (IFPRI), as part of International Policy Consultation. “Nutrition and health are issues are particularly topical today as the world faces rising food prices in many countries and there is growing recognition that climate change may endanger food security in many developing countries. Leveraging agriculture for...

In October last year, the Ministry of Labour released the results of its first large-scale survey of employment and unemployment in India. The headline number was this: 9.4 per cent of India’s labour force is unemployed. An enviable number by world standards in the middle of recession. Except, of course, that number means precisely nothing. The problem lies in figuring out exactly who counts as unemployed. Given the nature of...

Regulation in India's microfinance sector aims to address feckless borrowing and reckless lending – but will the new restrictions entrench poverty, rather than end it? One of the many crushing burdens for India's poor bear is debt; unable to make ends meet, they turn to traditional moneylenders. They are willing to extend credit, but at unconscionably high rates – sometimes exceeding 80%, and keeping borrowers in lifelong penury. Popular cinema and...