Issues related to transportation of food grains persist in the 293 PDS outlets The Bombay High Court has directed the Maharashtra government to appoint a nodal officer by May 31 in the Melghat region to coordinate the work of nine departments which, apart from the public distribution system (PDS), are engaged in tribal development and child welfare. This post, meant for an IAS officer, had been lying vacant for more than two...
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50% quota for women in local body polls: Kiran
Quota for all elected posts in panchayats, mandals, ZPPs Decision by government on the issue to improve representation for women in local bodies Draft amendment to Andhra Pradesh Panchayat Raj Act being scrutinised by the Law Department Chief Minister N. Kiran Kumar Reddy said that there would be 50 per cent reservation for women in the next local body elections in the State. Living up to his promise made during the International Women's Day...
More »No cap on MFI interest rates by Shishir Arya
Amidst hue and cry over micro-finance institutions (MFIs) charging the rural poor exorbitant interest rates, Reserve Bank of India norms continue to allow these entities a free hand in determining their charges. The banks lending to MFIs too continue to have full discretion in fixing their rate of interest. RBI has issued a latest master circular reiterating its earlier stand on micro-credit on February 14. Master circulars are like ready-reckoners on...
More »MFIs: Confusion still reigns by Arvind Panagariya
Confusion continues to reign in the debate on microfinance that has unfolded following the promulgation of the Andhra ordinance, soon to be replaced by Andhra Pradesh Micro Finance Institutions (Regulation of Money Lending) Act, 2010. A key confusion has been that microfinance is a major instrument of poverty alleviation. Going by the available scientific evidence and agreement among scholars, to-date, there exists no compelling study linking the expansion of microfinance to...
More »Money for nothing. And misery for free by Rohini Mohan
IT WAS a windfall five years ago that taught Panchali Satyavva the power of a lie. It happened one Monday afternoon in Someshwar village of Nizamabad district in Andhra Pradesh. It was raining in sheets and she had just placed a bucket under the steady trickle of water from the roof of her hut. Two men were at her door, holding umbrellas and offering her an unsolicited Rs. 5,000. They...
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