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Fear of Freedom by Ruchi Gupta

So why is the UPA hell-bent on killing its unique success story: the NREGA? Here's the inside narrative of the conspiracy. It took 47 days of a protest sit-in at Jaipur to make the state budge(1). It's notable that the objective of this protracted protest was not to coerce the Rajasthan government for an extra share of the state's resources, but to hold the government accountable to the Constitution and its...

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Microlenders, Honored With Nobel, Are Struggling by Vikas Bajaj

Microcredit is losing its halo in many developing countries. Microcredit was once extolled by world leaders like Bill Clinton and Tony Blair as a powerful tool that could help eliminate poverty, through loans as small as $50 to cowherds, basket weavers and other poor people for starting or expanding businesses. But now microloans have prompted political hostility in Bangladesh, India, Nicaragua and other developing countries. In December, the prime minister of...

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Nabard launches Rs 25,019 cr credit plan for Orissa

In a bid to facilitate agriculture and rural development in the backward state, Nabard today launched a Rs 25,019 crore credit plan for Orissa during 2011-12. The credit plan was launched by state Finance Minister Prafulla Ghadai at the state level credit seminar here. While annual credit plan for the state during the current fiscal is Rs 16,915 crore, it was increased by 48 per cent for 2011-12. While agricultural...

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India Journal: Why Vedanta Lost and Posco Looks Like a Winner by Rupa Subramanya Dehejia

Two large industrial projects, one poor state, two likely different outcomes — and a long-haired, flamboyant environment minister-turned-crusader starring in both. No, this is not your latest blockbuster but it has the makings of one. As reported Monday, Posco, the South Korean steelmaker, cleared a major regulatory hurdle in its bid for a massive steel project in Orissa. An environment ministry panel gave clearance for an initial steel production capacity of...

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In Orissa’s poorest villages, questions over money spent on ‘jobs never given’ by Debabrata Mohanty

Last fortnight, the Supreme Court agreed allegations of misappropriation of NREGS funds in Orissa are not without basis. Debabrata Mohanty tracks the scheme and the controversy it is in: FACT HUNT In May-June 2007, the Centre for Environment and Food Security (CEFS) surveyed how an MGNREGS programme was being carried out in the 100 poorest villages of Orissa’s “hunger bowl” of KBK (Kalahandi-Bolangir-Koraput) districts, as well as the districts of Nuapada, Nabarangpur...

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