Sometime this month, Justice N Ramamohana Rao of the Andhra Pradesh High Court will deliver a verdict that will directly impact earnings of the 114 million people who work under the National Rural Employment Guarantee Scheme (NREGS), the Central government's work guarantee programme. The verdict will also indirectly impact earnings of the 400 million workers and labourers who toil in India's factories and fields for 'minimum wages'. The question Justice Rao...
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The deception at the heart of ‘Rising India' by Pankaj Mishra
From the Prime Minister down, WikiLeaks has exposed the rotten state of the world's largest democracy for all to see. Food prices become intolerable for the poor. Protests against corruption paralyse Parliament. Then a series of American diplomatic cables released by the WikiLeaks exposes a brazenly mendacious and venal ruling class; the head of government adored by foreign business people and journalists loses his moral authority, turning into a lame duck. This...
More »NBA urges PM not to reverse order on Maheshwar dam by Gargi Parsai
Prashant Bhushan seeks CBI probe into financial irregularities Scrap power purchase agreement with State government Land acquisition orders served on 46 villages The Narmada Bachao Andolan (NBA) has urged Prime Minister Manmohan Singh not to reverse the stop-work order imposed by the Ministry of Environment and Forests on the construction of the Maheshwar dam for “non-compliance” of various norms. The dam is being built by S. Kumars group in Madhya Pradesh. Addressing a joint...
More »How to keep our votes safe by Jagdeep S Chhokar
The editorial, Not a wealth of information (Our Take, March 19), was a correct description of what WikiLeaks has revealed about how India's foreign affairs and political establishments work. However, one sentence needs to be commented on, and that is its recommendation for setting up "a commission to look into the idea of public funding of political campaigns". This reveals how short our public memory is. Three learned groups have laboured...
More »New draft of MFI Bill to give more teeth to RBI by Dinesh Unnikrishnan
The earlier draft covered only non-NBFC MFIs incorporated as trusts and non-governmental organizations that constitute a very small part of the total industry The proposed microfinance Bill for governing India’s Rs. 22,000 crore microlending industry is set to give more teeth to the Reserve Bank of India (RBI) to regulate larger microfinance institutions (MFIs). This will be done by removing such entities from the purview of laws enacted by state governments...
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