Sample some data on the microfinance performance in India: According to the data provided by www.mixmarket.org, microfinance in India reached close to 270 lakh active borrowers in 2009, with the average loan size close to Rs 8,000. This translates into total borrowing to over Rs 20,000 crore. Though this number seems large, it represents only 0.3% of our GDP. Thus, large swathes of poor, both in our villages and urban...
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Unfulfilled hopes by Aman Sethi
Bottlenecks at every stage in the implementation of MGNREGA in Atra village in Chhattisgarh are making the villagers disillusioned. “If payment is unreliable, the poorest and the most vulnerable opt out of the system...” On a rainy day in September, Bir Singh Malekar, 45, rues his decision to stay back in Atra village in Chhattisgarh's Rajnandgaon district this summer, instead of leaving in search of work. “I usually go to chennai between...
More »FAO predicts marginal fall in global cereal production by Gargi Parsai
Current production and stocks are adequate to cover the demand The global cereal production for 2010-11 is expected to be 2,239 million tonnes compared to 2, 261 million tonnes recorded in 2009-10, about 1 per cent lower than last year. Reduced output of wheat in the CIS (Commonwealth of Independent States) countries due to drought, as well as smaller crops in the European Union and North Africa, account for the decline. Even...
More »Spirited fight by S Dorairaj
Striking workers at Foxconn India in Sriperumbudur near chennai take on the corporate giant, demanding better wages. WORKERS at Foxconn-India in Sriperumbudur in Kancheepuram district, Tamil Nadu, have been on strike from September 24 demanding better wages. They also want the reinstatement of 24 suspended colleagues and the withdrawal of an eight-day wage cut slapped on some workers. That they have held out for so long is remarkable, not least...
More »More about Dalit hopes and despair by S Viswanathan
Last week's column, “The plight of Dalits and the news media” (October 25, 2010), has generated a lively and interesting response from several readers. The column was about the prioritisation of the tasks before the National Commission for the Scheduled Castes (NCSC) by its new Chairman, P.L. Punia (not P.J. Punia as erroneously mentioned in the column.) The concern of most who wrote was over the failure of successive governments...
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