The Centre today promised a “comprehensive study” to gauge black money but told the Supreme Court it couldn’t reveal information on such cash stashed abroad because of “confidentiality” clauses in overseas pacts. The government explained its stand in an affidavit in the Supreme Court, which had earlier rapped it for not doing enough to deal with the menace. The National Institute of Public Finance and Policy, the National Institute of Financial Management...
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Malegam report to hurt microfinance by Krishnamurthy Subramanian
An empirical analysis of the microfinance industry shows that the recommendations of the Malegam committee would have significantly more detrimental consequences than have been anticipated in the report. The microfinance exchange (www.mixmarket.org) is the most comprehensive data source for MFIs across the world. Table 1 displays the information on several parameters of Indian MFI performance for 2009. Column 2 displays the average values of performance parameters across 88 Indian MFIs....
More »Farm credit target to see 20% rise to Rs 4,50,000 cr by Dheeraj Tiwari
The budget for the next fiscal is likely to step up the target for farm credit to 4,50,000 crore, up 20% from the current year's 3,75,000 crore. With the agriculture sector seen growing at 5.4% in the current fiscal, the government will push banks to disburse more to the sector to maintain the momentum, said a senior government official. The upheavel in the micro-finance sector will also necessitate greater lending by banks. "The...
More »IRMA evaluates MGNREGA's implementation in Sikkim by Prashant Rupera
Sikkim now needs to adopt mechanism to sustain Assets that it has created under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) programme. A research team from country's premier rural management institute - the Institute of Rural Management, Anand ( IRMA) - which evaluated MGNREGA's implementation in the North Eastern state has suggested this to the Sikkim government. Sikkim is the only state which has bagged three national awards...
More »Counting India
The Census Commissioner has done well to put a deadline of two years to process all Census data, and that’s with the detailed tables tabulated on the basis of the full sample—while the detailed tables were based on a small sample before 2001, the decision to use the full sample caused a delay the last time around, and users had to wait till the second half of the decade to...
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