-The Telegraph On a full-attendance day at a business process outsourcing centre in a village in Uttar Pradesh, 40 boys and girls work on computers, each of their desktops powered by rooftop solar panels that turn sunlight into electricity. Their workplace, a two-storey building, is the only structure in Sonari, a village of about 1,700 people and located about 50km from Lucknow on the road to Sitapur, where electricity is guaranteed nine...
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e-Payment must for public sector banks from July 1-Dheeraj Tiwari
The finance ministry has asked state-run banks to stop making payments to their customers through cheques from July 1 and to "migrate totally" to electronic payment channels, a move aimed at cutting costs in a sluggish economy. In a circular issued to chairmen of public sector banks and regional rural banks, the ministry said all payments to customers, staff, vendors and suppliers as well as disbursement of loans and payments towards...
More »Green rider for GDP-Richard Mahapatra
-Down to Earth World is moving towards natural capital as a measure of economic growth After using gross domestic product, or GDP, as the universal measurement of economy for six decades, the world has begun looking beyond this gold standard for measuring a country’s economy. On May 25, 10 African countries agreed to incorporate their natural capital, or value of their natural resources, into their national accounts to make better economic decisions. The...
More »Will food coupons work?-Devinder Sharma
Several studies in India have shown that more than 40 per cent of foodgrain meant for the poor is pilfered on the way. In order to ensure that food reaches the needy and the hungry across the country, the government has launched a series of steps to streamline the public distribution system (PDS). Among several initiatives being planned, especially in the light of the National Food Security Act under preparation, a...
More »Poorest in societies will suffer the most if we use our resources unsustainably-Janez Potocnik
In just over a week, world leaders will gather in Brazil for the Rio +20 Summit to decide what kind of future we want. Twenty years after the original earth summit, the theme is the green economy in the context of sustainable development and poverty eradication. Why is the conference important and why the aspirations for a 'green economy'? A green economy is one that results in improved human well-being and...
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