Bihar chief minister Nitish Kumar has done what his counterparts in other states failed to do. He convinced the Centre that its policy on disbursement of funds for implementing the Mahatma Gandhi National Rural Employment Guarantee Scheme (MNREGS) was flawed and needed correction. At a meeting with Plan Panel deputy chairman Montek Singh Ahluwalia, Kumar pointed out the anomaly, which the government acknowledged and was quick to react. This resulted in...

Even though the Central Government agreed to link the wages paid under MG-NREGA to the Consumer Price Index for Agricultural Labourers (CPIAL), it shied away from paying statutory minimum wages in various states of India. Their logic for this: Lack of clarity on who will bear the extra financial burden—the Centre or the states? A letter from the Prime Minister Manmohan Singh to UPA and NAC Chairperson Sonia Gandhi dated 31...

Fearing a default from Andhra Pradesh-based microfinance institutions (MFIs), whose cash flows have been disrupted by new laws, lenders have asked RBI to ensure stability by bringing the sector under its purview. In a meeting called by the Reserve Bank to discuss funding of MFIs, it asked banks whether the institutions were repaying loans on time and if the end-borrower was suffering because of the credit crunch faced by them. RBI...

The government is in no hurry to enhance the outlay on Members of Parliament Local Area Development Scheme (MPLADS) to Rs 5 crore nor has any intention to merge it with the Mahatma Gandhi National Rural Employment Guarantee programme (MGNREGA) in the near future. Emerging from a national consultation meeting on enhancing inclusiveness of the MPLADS and to make it more target-oriented, minister of statistics and programme implementation (MoSPI) Sriprakash Jaiswal...

Have the Cancun Agreements set Kyoto Protocol on a path to eventual death? No. Killing Kyoto would require a 2/3rd vote by the 180-plus member countries. There is too much guilt involved in that. But the Agreements have prepared the ground to render the Protocol hollow and meaningless - left to survive a vegetative, inconsequential life even as a new and unequal global regime takes ground. The Kyoto Protocol was...