In a significant step towards foolproof monitoring of micro finance institutions (MFIs) and gaining first-hand information on multiple lending, excessive Rural Indebtedness and irregularities in the sector, the state government has constituted four working committees that would integrate various databases of SHG bank linkage, ration cards & borrowers' data being submitted by MFIs on a priority. These committees would create and maintain the website on MFIs and also help in responding...

“Supreme Court should not go into realm of policy formulation” The government will do all it can to provide affordable food to those below the poverty line but cannot implement the Supreme Court's order to give free foodgrains to the poor, Prime Minister Manmohan Singh said on Monday. In an interaction with a small group of editors at his residence — his first in several years — Dr. Singh handled questions on...

Governments in India — Centre and states — spend around one per cent of the country's GDP on health. Only five countries — Burundi, Myanmar, Pakistan , Sudan and Cambodia — have a lower figure than this. But private spending on the crucial sector is 4.2 per cent of GDP, among the top 20 countries in the world. Within this private spend, employers pay for about 9 per cent and...

One of the most intriguing features of India's agrarian economy in recent years is the persistence of agrarian distress in many regions, even while agricultural credit flow has risen sharply. Rising flow of credit to agriculture is normally associated with buoyancy in the farm sector. A closer look at the data on agricultural credit reveals that what is termed agricultural credit may have very little to do with agriculture, the...

That hospital births curb mother and child deaths is probably a no brainer. Convincing expectant mothers to get admitted to a hospital is only part of the problem in India’s rural healthcare system. The other challenge is abysmal infrastructure: There is just one hospital bed for every 10,000 Indians living in villages and one in 10 primary health centres in rural areas stumble along without doctors. The result is a human tragedy....