The poster boy of microfinance is now seeking some anonymity. In Andhra Pradesh, the epicentre of the worst crisis faced by microfinance in India, SKS Microfinance is playing down its identity and going into preservation mode. At its modest office in a residential colony in Warangal district, India’s largest microfinance company has taken down its board. At its head office in upmarket Begumpet in Hyderabad, it hung a cloth mesh...
More »SEARCH RESULT
Total Matching Records found : 1366
What is wrong with MG-NREGA?
Can we afford to leave MG-NREGA alone? Why is the civil society crying foul? Are the rural activists demanding too much? Is the UPA-II trying to take back what UPA-I gave before the elections? Let us face it, the MG-NREGA is in a big crisis. NAC members like Aruna Roy and Jean Dreze have alleged (See links below) that the present remuneration of rural workers is declining by the day and it...
More »Process begins for statutory central minimum wage by Sreelatha Menon
States may set it higher, not lower; planned link to cost of living. The Minimum Wages Act will be amended to enact a new centrally set minimum, in the wake of the National Advisory Council's suggestion on asymmetries in this regard between states on payments for work done on schemes under the National Rural Employment Guarantee Act (NREGA). The Union labour ministry has begun consultations on the proposed change and on making...
More »For NREGA workers, it's a black Diwali this year
The Udyog Maidan near Statue Circle was witness to a different kind of Diwali celebrations' on Thursday. At the centre were two huge puppets carrying posters demanding minimum wages for NREGA workers while another one called for celebrating a black diwali. The protest got louder at the background where NREGA workers from various parts of the district help up posters on the issue. "It has been a unanimous decision from our side...
More »Spirited fight by S Dorairaj
Striking workers at Foxconn India in Sriperumbudur near Chennai take on the corporate giant, demanding better wages. WORKERS at Foxconn-India in Sriperumbudur in Kancheepuram district, Tamil Nadu, have been on strike from September 24 demanding better wages. They also want the reinstatement of 24 suspended colleagues and the withdrawal of an eight-day wage cut slapped on some workers. That they have held out for so long is remarkable, not least...
More »
