The rise in food prices, with inflation at 9.06% in May, is more teary a problem than onions suggest. Macroeconomics managers, who safely steered the economy through the downturn, are perhaps grappling with the biggest economic crisis- persistently high food prices. Rising food inflation driven by costlier fruits and protein-based items such as milk, egg, meat and fish is putting policy makers in a spot of bother. Prices are not under...
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Rural poor left out in financial inclusion
-The Indian Express Financial inclusion in India seems to be far from inclusive. Out of a total of 5,165 new branches opened in 2011, only 21.86 per cent are rural branches, says a study. A growth rate of more than 700 per cent in urban Customer Service Points (CSPs) over the last year points towards the latest trend of urbanisation among Business Correspondents (BCs). Although there is not much difference between growth...
More »1.55 lakh get identity cards under MNREGS
PERAMBALUR: About 1.55 lakh persons have registered under the Mahatma Gandhi National Rural Employment Guarantee Scheme in the district and all of them have been issued with identity cards, said Collector Darez Ahmed here on Tuesday. Mr.Ahmed, who inspected various works taken up under the scheme in Veppanthattai panchayat union, said works worth Rs.56.64 crore would be executed under the MGNREGS in the district during the current financial year. The works...
More »The coming crisis for rain-dependent India by M Rajshekhar
It's that time of the year when Kishore Lal Singh's eyes almost involuntarily scan the skies. The monsoons are coming. In the months ahead, for this Bhil farmer growing cotton, maize and soya south of the Malwa plateau in Madhya Pradesh, life will again hang on a knife's edge. If it rains well, his two bighas (about four basketball courts) of cotton will yield 1,000 kg. If not, he will...
More »No takers for NREGA in Noida
-The Tribune It appears there are no takers for the Mahatma Gandhi Rural Employment Guarantee Act (NAREGA) scheme in Gautam Budh Nagar district of Uttar Pradesh. And the simple reason for this is that workers are getting higher wages at private projects and there is no dearth of such projects in Noida. Under the scheme, over 26,000 job cards were made in Gautam Budh Nagar. Further, Bank Accounts for 6,367 people...
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