The state government and private school administrations in the state are at loggerheads with the government reiterating its stand to implement the Right to Education (RTE) Act 2010 strictly in Bihar. As many as 15 schools belonging to the Association of Heads of Christian Schools (AHCS) which includes Don Bosco Academy, St Karen's High Schools, St Xavier's School, Christ Church School, St Dominique Savio, Notre Dame Academy, St Joseph's Convent,...
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Netas burden schools as they cope with RTE by Anahita Mukherji
The ongoing pre-school admissions have forced many a city school into a tight corner. Institutions are being driven to do a tightrope walk between the demands of the Right to Education (RTE) Act and the unending pressure from political parties to admit students of their choice. The RTE aims at creating a level playing field for all children by making it mandatory for schools to admit a percentage of underprivileged...
More »ADB plans to set up $250 mn guarantee fund for microfinance by Aveek Datta and Anup Roy
India’s microfinance institutions (MFIs), under pressure because of stricter rules in their largest market Andhra Pradesh and the consequent slump in repayments there, may get a boost from the Asian Development Bank (ADB). ADB is constituting a $250 million (around Rs1,135 crore) facility to offer guarantees against loans to MFIs extended by banks in the Asia-Pacific region where it operates, including India. The move is aimed at encouraging banks to lend...
More »Who is responsible for India's poor – the state or the private sector?
Regulation in India's microfinance sector aims to address feckless borrowing and reckless lending – but will the new restrictions entrench poverty, rather than end it? One of the many crushing burdens for India's poor bear is debt; unable to make ends meet, they turn to traditional moneylenders. They are willing to extend credit, but at unconscionably high rates – sometimes exceeding 80%, and keeping borrowers in lifelong penury. Popular cinema and...
More »Forest rights act under scrutiny by Kumar Sambhav S
THE Union government is reviewing its landmark initiative, the Forest Rights Act, four years after enacting it. The aim is to find how to strengthen the law which was legislated to ensure the traditional rights of 100 million forest dwelling people in the country. Two high-level groups submitted their assessment in the first week of January. But it seems the Union ministry of environment and forests has made up its mind...
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