-The Hindu Madurai has been chosen as one among eight districts in the country by National Bank for Agriculture and Rural Development (NABARD) for implementing a micro pension project for the rural poor. As part of the launch preparations, a stakeholders' workshop was held here on Monday. Representatives of State Bank of India (SBI), Indian Bank, Canara Bank, Indian Overseas Bank (IOB), Tamilnad Merchantile Bank (TMB), Union Bank of India (UBI), Pandyan...
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Political will missing in the fight against black money by Mythili Bhusnurmath
If you want to kill any idea in the world, get a committee working on it,' quipped Charles F Kettering , the famous American engineer and inventor of the electric starter. Well, the government has done just that! It has appointed an eight-member committee to examine ways to tackle black money. Perhaps that is too cynical! After all, the flurry of activity (the committee is only one of a series...
More »Independent financial body to beset up to fund self-help groups: Sonia by K Balchand
The Union government will set up an independent financial institution to give funds for effective functioning of the self-help groups (SHGs) and better empowerment of the rural poor. UPA chairperson Sonia Gandhi announced this while launching the National Rural Livelihood Mission (NRLM), which will be funded through financial institutions. As of now, banks will be mobilised to extend loans to the tune of Rs. 6,800 crore this year at subsidised rates...
More »The land debate by BG Verghese
Development has a multiplier effect in terms of employm-ent, secondary activity and revenue to state, while delay entails loss for everybody. Tolstoy’s famous question, “How much land does a man require?” was answered when the Count who had ruthlessly exploited his serfs was buried in a grave measuring 7x4x4 feet. And that, Tolstoy concluded, was all the land a man requires. Is corporate and infrastructural greed in India today destroying the small,...
More »NGOs under pressure to reveal their funding source, show the impact of their work by Naren Karunakaran
As NGOs gain traction in public and policy spaces, they face increasing pressure from the political class and citizens to reveal their sources of funding, show impact of their work, and demonstrate who they represent DHAN Foundation in Madurai has had a remarkable run in the southern heartland for over a decade, focusing on livelihoods, water and food security . Its work, particularly in tank-based watershed development, is an exemplar....
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