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Govt plans credit guarantee fund for education loans-Prashant K Nanda & Remya Nair

India is setting up a Rs.5,000 crore credit guarantee fund to facilitate easy education loans to needy students by providing protection against defaults to banks. The move was endorsed at a meeting of the Central Advisory Board on Education (CABE), the highest education advisory body to the government that comprises academicians, industry experts and state education ministers, human resource development (HRD) minister Kapil Sibal told reporters Wednesday. “CABE members endorsed the initiative to...

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Achilles’ heel of social policy

-The Indian Express Jairam Ramesh’s criticism of NREGA highlights that a rights-based approach to poverty reduction cannot work without improving implementation The clamour for the right to social pensions is another attempt to deal with the Indian state’s inability to provide adequate social protection to its poorest citizens through targeted programmes. India’s vulnerable continue to be excluded from social safety nets. The multi-layered problems with social welfare schemes can be summarised in...

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High-level meet to discuss tax on diesel cars-Amrit Raj

A day after the Central Board of Excise and Customs (CBEC) said finance minister Pranab Mukherjee was considering an increase in excise duty on diesel cars, a consensus seems to be building within the government, with the oil ministry supporting the move. Following this, key stakeholders involved in taking a decision on increasing excise duty on diesel vehicles are likely to meet on Wednesday, according to three people, including a top...

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To fight malnutrition, fund new toilets, Jairam tells PM

-The Hindu Emphasising the medically proven links between malnutrition and sanitation, Union Rural Development Minister Jairam Ramesh has written to Prime Minister Manmohan Singh seeking his support in sustaining a hike in the 12th Five Year Plan's allocation for drinking water and sanitation. In his letter, Mr. Ramesh has referenced a 2009 article from medical journal The Lancet , which shows that a key cause of child undernutrition is a sub-clinical disorder...

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RURAL URBAN DIVIDE: A TALE OF TWO INDIAS

A government report lends credence to the notion of “two Indias”, or the distinction between “India” and “Bharat” – a theme often debated in recent years. At a time when urban India is growing and policy makers have expressed clear preference for the trend, this report, by National Sample Survey Organisation (NSSO), brings India’s deep urban-rural divide into focus, showing disparities in scale and levels of expenditure and consumption and, equally...

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