Confusion continues to reign in the debate on microfinance that has unfolded following the promulgation of the Andhra ordinance, soon to be replaced by Andhra Pradesh Micro Finance Institutions (Regulation of Money Lending) Act, 2010. A key confusion has been that microfinance is a major instrument of poverty alleviation. Going by the available scientific evidence and agreement among scholars, to-date, there exists no compelling study linking the expansion of microfinance to...

Rural Development Minister CP Joshi has refused to move on a proposal by the Planning Commission to link wages under the national job guarantee scheme to the consumer price index. In fact, the Plan panel’s proposal was echoed by the National Advisory Council chaired by UPA Chairperson Sonia Gandhi.In a presentation to Prime Minister Manmohan Singh recently, the Planning Commission made a strong case for aligning the wage levels to...

Large queues outside the ration shop across Maharashtra could become a thing of the past, if the State Government manages to implement a new scheme for distributing foodgrains in the vicinity of people's houses. Under the scheme, the two-and-a-half crore ration card holders registered under the Public Distribution System (PDS) in the State, instead of getting a monthly quota of grains from the ration shop, will get three, six or 12...

A lack of toilets and poor hygiene practices in India cost Asia's third largest economy almost $54 billion every year, the World Bank said on Monday. Premature deaths, treatment for the sick, wasted time and productivity, as well as lost tourism revenues, are the main reasons for the high economic losses, the bank said in a report. "For decades, we have been aware of the significant impacts of inadequate sanitation in India,"...

When we talk of India's mammoth work force, be it in rural or urban scenarios, what comes to mind is the 'unorganised' sector. They form the multitudes that do not 'belong' to a sector governed by a slew of measures in accordance with labour laws or employment terms defined by policy measures. These are the multitudes, which fall outside the ambit of Central Government legislation pertaining to wages and salaries....