-IANS Nearly nine million Indian households, or 45 million individuals, saw their incomes rise above the threshold of $1.25 a day, or Rs.56, in the two decades ended 2010, reflecting the success of microfinance, says a survey. "A dramatic number of families moved out of poverty between 1990 and 2010," said the report, based on a survey of more than 15,000 Indian households, carried out by the India Development Foundation (IDF), a...
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MFIs: Still in the doldrums by Shruti Sarma
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...
More »Development deficit plagues naxal areas by Chetan Chauhan
Monija Khatun has not got her salary as ad-hoc teacher for 17 months, youth in Soliya village in Jharkhand have got no work under Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGA) for the last five months and half of the newly constructed wells have collapsed in another village. These are just a few stories from a Naxal affected district of Jharkhand, where people feel alienated from the development process, even...
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 »Reconsider BPL census design: Brinda Karat to PM
-The Hindu The Communist Party of India (Marxist) on Monday urged the Government to reconsider the present design of Below Poverty Line (BPL) census expressing apprehension that the current format would result in “undercounting” of the poor. Referring to the Independence Day speech of Prime Minister Manmohan Singh, the CPI (M) Polit Bureau member Brinda Karat found it “objectionable” that Rural Development Minister Jairam Ramesh called the BPL census design “non-negotiable.'' “I find...
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