* A Rs 350 crore scam has surfaced in the Rajiv Gandhi National Creche Scheme * Three organisations are being investigated by the vigilance department of the women WCD ministry for mismanagement and for running creches only on paper * The scheme was for children of women in the unorganised sector * The organisations maintained fake audits and balancesheets signed by CAs Nothing, it would seem, is sacred for scamsters....
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Learning from successes and failures by Amartya Sen
A report card from Pratichi Trust on the primary schooling scene in West Bengal Pratichi Trust (India) was established a decade ago, along with Pratichi Trust (Bangladesh). The latter has been concentrating on the social progress of girls and young women: it has worked particularly on supporting and training young women journalists reporting from rural Bangladesh. In India, the work has mainly focussed on advancing primary education and elementary health care,...
More »Rural India poorer than estimated: Tendulkar Panel
It is official now that the poverty in India is much more than earlier estimated. The Suresh Tendulkar Committee report submitted this month (December 09) estimates poverty in India at over 37 per cent (2004-5) and not at 28 per cent as calculated earlier. With recent price rise in food items factored, the current level could be even higher (See the link of the report below). The Government of India had...
More »Bonus Excesses and Outrage by Jaimini Bhagwati
Government and regulators need to focus on the systemic risk engendered by excessive compensation. As calendar year 2009 draws to a close, it is bonus season for the financial sector in the West. In the last several months, the need to cap bonuses and compensation packages has been extensively discussed in the context of limiting the future impact of the next financial sector breakdown. On December 9, 2009, the UK was...
More »Climate talks gather momentum by Priscilla Jebaraj
After three days of deadlock, the United Nations climate talks here are moving again, propelled by a quickly approaching deadline, the prospect of 130 world leaders in the same city, and “sustained pressure” by major developing countries, including India. With less than 24 hours left before the end of the summit, negotiators are back to working on both the Kyoto Protocol and long-term action draft texts. In other encouraging signs for...
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