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NGOs hold pre-Budget meeting with Pranab by Aarti Dhar

At present, the government spending on education is about 3.4 percent of GDP ‘It is imperative that the government increase outlays in Sarva Shiksha Abhiyan' A delegation of the People's Budget Initiative met Finance Minister Pranab Mukherjee here on Saturday to demand enhanced resources for the social sector which was crucial for the development of human resource and the nation. Formed in 2006, People's Budget Initiative is a coalition comprising representatives from people's...

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Galloping Growth, and Hunger in India by Vikas Bajaj

The 50-year-old farmer knew from experience that his onion crop was doomed when torrential rains pounded his fields throughout September, a month when the Indian monsoon normally peters out. For lack of modern agricultural systems in this part of rural India, his land does not have adequate drainage trenches, and he has no safe, dry place to store onions. The farmer, Arun Namder Talele, said he lost 70 percent of...

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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...

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Palaniappan Chidambaram, Indian Home Minister interviewed by Amol Sharma and Paul Beckett

Indian Home Minister Palaniappan Chidambaram is the nation's domestic security chief, overseeing a broad portfolio that includes battling a homegrown Maoist insurgency and routing out terrorists. The 65-year-old, a veteran of the ruling Congress Party who previously held senior economic posts and played a key role in the country's post-1991 liberalization, is considered a future contender for the post of prime minister. Recently, he spoke to The Wall Street Journal. Here...

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Caste divide by S Dorairaj

Tensions run high within the Christian community in Thachur village, and the government has adopted a hands-off approach for now. THE wrinkles on S. Royappan's face are a result of advancing age, but the ridges and furrows in them tell a story of humiliation of this Dalit Christian, as also others like him. Royappan, 82, was a bonded labourer, or padiyaal, in Thachur village in Tamil Nadu's Kancheepuram district, but...

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