The microcredit revolution has been celebrated for helping poor women in developing countries start small businesses. By borrowing money for purchases such as a buffalo or sewing machine, the women were able to help lift their families out of poverty. But critics say the microcredit model has been perverted by commercial greed in India, with reports of abusive collection methods and sky-high interest rates. "What began as a simple, innovative model...
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Sonia's NAC favours statutory minimum wages under MNREGS by Vidya Subrahmaniam
Contradicts Centre's line on issue of minimum wages payment Going against the view of the United Progressive Alliance government, the Sonia Gandhi-led National Advisory Council (NAC) has favoured the payment of statutory minimum wages to workers under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MNREGS). The NAC's line is in conflict with the January 1, 2009 notification issued by the Union Ministry of Rural Development, delinking the MNREGS wages from The...
More »Centre and states labour over NREGA wage fineprint by Seema Chishti
The Centre and states may vie to take credit for the MNREGS, but when it comes to footing the Bill for the job guarantee scheme, the story is different. Asking the Centre to notify new, revised wage rates “at the earliest” is, interestingly, a Congress-ruled state—Rajasthan. It also happens to be the home state of minister for rural development C P Joshi. Rajasthan principal secretary CS Rajan last week sent a letter...
More »Jharkhand to get one-day-per-week bank in every panchayat
The Reserve Bank of India has agreed to Jharkhand's request for banks having at least one-day-per-week branch in every panchayat to help beneficiaries draw wages under MGNREGA and money under social security schemes, a senior official said here today."The RBI has agreed to our request that banks should make efforts to open at least one-day-per-week branches in panchayats so that withdrawing wages under MGNREGA, (money under) social security and scholarships...
More »Panchayat polls: Unusual candidates try their luck by Maulshree Seth
Panchayat elections in Uttar Pradesh this time have seen unusual candidates jumping into the fray. There are teachers, shopkeepers, businessmen, relatives of politicians and even wives of BSP ministers. Some of them took leave from their normal work and some even sold their properties to take part in the polls. All claim they want to serve their village, block or district, but it is alleged that the lure of money pouring...
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