While the revolutionary National Rural Employment Guarantee scheme has brought higher wages for labourers across the country, farmers and landlords in Tamil Nadu have begun to feel the pinch following its huge success. They don't get labourers to work in their fields due to low wages. Will the new choice force landlords to hike wages? Rural Tamil Nadu is witnessing a critical migration of labour. Farm workers, 80% of who...
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Beginning of the End
Manual scavenging persists, but community and political mobilisation of workers has initiated change. Only those who are in denial are surprised by the continued existence in India of casteism and inhuman practices associated with stigmatisation, despite institutions of the state decreeing their abolition. But progress has been made in fits and starts, and agency – in the form of community and political mobilisation – has played a role in their slow...
More »India Microcredit Faces Collapse From Defaults by Lydia Polgreen and Vikas Bajaj
India’s rapidly growing private microcredit industry faces imminent collapse as almost all borrowers in one of India’s largest states have stopped repaying their loans, egged on by politicians who accuse the industry of earning outsize profits on the backs of the poor. The crisis has been building for weeks, but has now reached a critical stage. Indian banks, which put up about 80 percent of the money that the companies...
More »It's up to Manmohan to decide on MNREGS wage hike: Joshi
Union Rural Development Minister C.P. Joshi on Friday maintained that the Centre was set to increase the wage rate paid under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MNREGS), but it was for Prime Minister Manmohan Singh to address the issues raised by UPA chairperson Sonia Gandhi. Dr. Joshi said it was not for him to react to the recommendation made to Dr. Singh by Ms. Gandhi — in her...
More »K'taka to enter microfinance
Close on the heels of the recent controversy surrounding over the microfinance institutions, Karnataka government has decided to foray into the micro finance business with an initial corpus of Rs 500 crore. With this, Karnataka will join the league of Andhra Pradesh to have its own state-funded microfinance institution. The government plans to lend at the rate of 4 per cent interest per annum to unorganised sector workers. “There are about 3.5...
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