-The United Nations The United Nations Food and Agriculture Organization (FAO) today called on countries to boost efforts to promote agroforestry, a practice involving the combination of trees with crop or livestock production, stressing it can help millions of people escape poverty and prevent environmental degradation, making it crucial to ensure food security in the future. “In many countries the potential of agroforestry to enrich farmers, communities and industry has not been...
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The Case for Direct Cash Transfers to the Poor-Arvind Subramanian, Devesh Kapur and Partha Mukhopadhyay
The total expenditure on central schemes for the poor and on the major subsidies exceeds the states' share of central taxes. These schemes are chronic bad performers due to a culture of immunity in public administration and weakened local governments. Arguing that the poor should be trusted to use these resources better than the state, a radical redirection with substantial direct transfers to individuals and complementary decentralisation to local governments...
More »Kidney trade reaps grim harvest under police’s nose-Imran Gowhar and Afshan Yasmeen
-The Hindu Bangalore: The recent police crackdown in Ramnagaram on organ trading resulted in the arrest of a few middlemen, who were found to have lured donors to part with their kidneys for a pittance. But the arrests and investigations have not deterred the touts who run a thriving organ trade business right here, under the very nose of the city police. A team from The Hindu posed as relatives of a...
More »Small loans add up to lethal debts by Erika Kinetz
-AP The microfinance industry pursued a path of rapid business growth in recent years; two investigations now link it to debtor suicides First they were stripped of their utensils, furniture, mobile phones, television sets, ration cards and heirloom gold jewellery. Then, some of them drank pesticide. One woman threw herself into a pond. Another jumped into a well with her children. Sometimes, the debt collectors watched nearby. More than 200 poor, debt-ridden residents of...
More »Muhammad Yunus, founder Bangladesh’s Grameen Bank interviewed by Neha Thirani
Muhammad Yunus, the economist who founded Bangladesh’s Grameen Bank, visited Mumbai recently where he spoke to India Ink about his vision of “social businesses,” his forced departure from Grameen and the recent controversies that have dogged micro-finance in India and elsewhere. An edited, condensed version of the interview follows: Q. The microfinance industry has gone through an existential crisis in the last few years. Why did the industry fall from grace? A. See,...
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