The Jharkhand government has appealed to Maoist rebels to make a fresh beginning in the New Year by surrendering to the rule of law, as it responded to feelers from a section of cadres, but did not promise any let-up in ongoing anti-rebel operations. The government gave a month’s time to active members of CPI(Maoist) to return to the mainstream, through an advertisement in local dailies on December 31. In the public...
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SBI to use BCs for farm loan recovery
-The Business Standard Achieves total financial inclusion in Andhra Pradesh. State Bank of India (SBI) is planning to use the rural banking correspondent (BC) network for farm loan recoveries in addition to the services prescribed under the financial inclusion plan by the Reserve Bank of India. The SBI’s Hyderabad circle with operational jurisdiction extending to the entire state of Andhra Pradesh is one of the first to achieve total financial inclusion. It has...
More »Problems with the Food Bill by Arvind Panagariya
While some may view the food security Bill as the instrument of combating poverty, this distinction belongs to the National Rural Employment Guarantee Scheme, the flagship anti-poverty programme of the United Progressive Alliance government. The proponents of the food security Bill at the National Advisory Council have promoted it as the instrument of fighting widespread and rising hunger, instead. But what is the empirical basis of the claims of widespread and...
More »After Ramesh's letter, West Bengal Minister shunted out by Indrani Dutta
The implementation of the ‘100 days work' scheme in West Bengal had become a poll issue during the last parliamentary and assembly elections as had some other Centrally-funded rural development projects. But despite a change in government in the State, little seems to have changed on that front ultimately leading to a somewhat hurried shunting out of a Minister from his Department. The decision taken by Chief Minister Mamata Banerjee to...
More »Hunger must go by Jean Dreze
The recent Cabinet nod to the National Food Security Bill triggered a flurry of criticism in the mainstream media, focusing mainly on the financial implications. The cost of the Bill obviously needs careful scrutiny and public debate, but it’s a little sad to see so much concern with the cost, and so little interest in what the Bill can do to improve people’s lives. The barrage of attacks was predictable —...
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