-The Hindu In spite of the rosy picture painted by the World Bank, the prospect of eliminating extreme poverty remains distant In a protracted period of gloom and persistent recession with feeble signs of recovery in a large part of the developed world, the World Bank, Brookings Institution and others can be forgiven for their euphoria over the accomplishment of a key Millennium Development Goal (MDG) - of halving extreme poverty in...
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Women SHGs to get loans at lower rates - Elizabeth Roche
-Live Mint Cabinet clears proposal to give loans at 7% interest rate, and 4% if SHGs repay loans within the stipulated period The federal cabinet has cleared a proposal to give loans to women self-help groups (SHGs) at 7% interest rate, cheaper than the existing 11.5-14%, bringing the cost of loans on a par with those given to farmers. SHGs that repay loans within the stipulated period will be eligible for loans at...
More »In the ‘pharmacy of the world’ -PT Jyothi Datta
-The Hindu Business Line From maker of versions of drugs, India's pharmaceutical industry has turned a top innovator Twenty years ago, Ranbaxy was a home-spun drug-maker. The Indian Patents Act allowed companies to make chemically-similar versions of innovative drugs. Visionaries in the pharmaceutical sector, like Parvinder Singh (Ranbaxy's key architect and member of its promoter family) and Anji Reddy (founder of Dr Reddy's Laboratories), were alive. And the pharmaceutical industry did not have...
More »Remarkable Declines in Global Poverty, But Major Challenges Remain
-The World Bank WASHINGTON: The number of people living on less than $1.25 per day has decreased dramatically in the past three decades, from half the citizens in the developing world in 1981 to 21 percent in 2010, despite a 59 percent increase in the developing world population. However, a new analysis of extreme poverty released today by the World Bank shows that there are still 1.2 billion people living in...
More »Reality check: India accounts for one-third of the world poor, says World Bank -Priyadarshi Siddhanta
-The Indian Express Washington: India accounts for one-third of the world poor, people living on less than USD 1.25 (about Rs 65) per day, a World Bank report on poverty has said. The report said that 1.2 billion people still living in extreme poverty across the world. "The State of the Poor: Where are the Poor and Where are the Poorest?," using data released in the latest World Development Indicators, shows that extreme...
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