MFIs in Andhra Pradesh are paying for the sins of their past. Market for new loans has dried up, banks have turned off their spigots while the AP government is content to sit back and watch. It has been eleven months since the Andhra Pradesh government issued an ordinance—later converted into the Andhra Pradesh Micro-Finance Institutions (Regulation of Money Lending) Act—which, the microfinance industry hoped, would be the magic remedy that...
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NCPCR to prepare scheme for implementation of RTE in North-East states by Soibam Rocky Singh
The Supreme Court on Tuesday directed the National Commission for Protection of Child Rights (NCPCR) to come up with a detailed plan of action regarding the development of education system and implementation of Right to Education in the north-eastern states of the country. A bench of Justice Altamas Kabir, Justice Cyriac Joseph, and Justice Surinder Singh Nijjar gave the direction after the court in 2007 took suo motu cognisance of a...
More »UN-backed meeting seeks to clamp down on poaching of elephants, rhinos
-The United Nations Faced with increased poaching and illegal trade in ivory and horns of elephants and rhinoceroses, 300 government and civil society experts worldwide are seeking to strengthen conservation with new financial mechanisms at a United Nations-backed meeting in Geneva this week. “Innovative financial solutions are required to achieve the huge conservation task before us,” John Scanlon, Secretary-General of the Convention on International Trade in Endangered Species of Wild Fauna and...
More »Don't debar those having phone connections from BPL list: panel by Sandeep Joshi
Pulls up DoT for not getting an assurance from Rural Development Ministry A Parliamentary committee has asked the Rural Development Ministry not to debar those having telephone connections from inclusion in the Below Poverty Line (BPL) list as it could have negative impact on the growth of rural tele-density. It has criticised the Department of Telecommunications (DoT) for not getting an assurance from the Ministry of Rural Development (MRD) for non-inclusion...
More »Can Posco Cross the India Barrier? by Prince Mathews Thomas
The $12 billion Posco investment in India was supposed to be the biggest FDI project in the country. After six years that still remains on paper Horangineun jugeumyeon gajugeul namgigo, Sarameun jugeumyun ireumeul namginda (When tigers die, they leave behind leather. When people die, they leave their names behind) —Old Korean Proverb The news flash from Press Trust of India came on July 10, 2011. Posco, the $32 billion South Korean steel giant had decided to...
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