Source: PTI/IANS The World Bank has announced $4.3 billion in financial aid to India through a new innovative and flexible financing arrangement to help the country fight poverty. The arrangement, while facilitating a $4.3 billion increase in support to India, is designed to maintain International Bank for Reconstruction and Development's -- which is its lending arm -- net exposure within the limit of $17.5 billion established by it. In a statement, the World...
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Climate Change Threatens the Poor in Cities by Manipadma Jena
India, like other Asian countries, has focused its climate change adaptation strategies on rural and urban areas while neglecting the urban fringes, say experts. Peri-urban areas are characterised by haphazard, accelerated expansion and are farthest from basic urban services and infrastructure, according to United Nations-Habitat’s ‘The State of Asian Cities 2010-11’. By 2020, of the projected 4.2 billion urban population of the world, 2.2 billion will be living in Asia, many...
More »Higher NREGA payouts stoking inflation fears
The wages under the government's flagship rural employment scheme have risen following adjustments for price rise, creating apprehension that this may add to the inflationary pressures by making farming more expensive. The government had early last year benchmarked wages under the Mahatma Gandhi National Rural Employment Guarantee Act to retail inflation to ensure a real wage of Rs 100 a day to workers seeking employment under the scheme. Under the first such...
More »Displaced tribals march for their rights
-The Deccan Herald Cover eight states, hold meetings in 87 villages Rights groups released a report here demanding the implementation of Panchayats (Extention to Scheduled Areas) Act (PESA) and rights of the tribals in India. The recommendations were based on the 39 days of foot march conducted by the Adivasi Janjati Adhikar Manch (AJAM), supported by ActionAid. The primary demand put forth by the tribals was implementation of PESA in Forest Rights Act, 2006...
More »Cut in NREGA allocation may hit FMCG firms-Meghna Maiti
The reduced allocation to the UPA government’s flagship rural programme NREGA could see revenue growth in the FMCG sector falter. Consumer staples firms have been relying on rural demand growth to bolster their top line but the reduced allocation to the Mahatma Gandhi National Rural Employment Guarantee Scheme (NREGA) for the financial year 2012-13 could see growth in FMCG sales in rural areas being crimped feel industry experts. Finance minister Pranab...
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