-The Hindu “Need for regulatory space for MFIs so they function without affecting SHGs” The National Rural Livelihood Mission (NRLM) would connect at least one woman from every poor household across the country with self-help groups (SHGs) in five years, Union Minister of Rural Development Jairam Ramesh said on Friday. “The objective of the programme is to ensure that in a five-year period one woman from every poor household becomes a member of...
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Germany strikes deal to tax secret Swiss accounts by David Jolly
—New York Times News Service Switzerland has agreed to a revised tax deal with Germany, with Switzerland to pay billions of dollars on funds hidden in its Banks by German tax dodgers. The deal was the latest step in an international charm offensive that is meant to salvage at least some of Switzerland's famous banking secrecy. The accord, which was tougher to reach after a deal in September was criticised by German...
More »Slow progress mars effort to make Satara schools RTE compliant
-The Times of India The building of school infrastructure as per norms set by the Right to Free and Compulsory Education (RTE) Act, is moving at a rather slow pace in the neighbouring Satara district. This, despite the substantial financial allocations made through the central government's Sarva Shiksha Abhiyaan (SSA) programme. An independent assessment of 146 schools across Satara district, carried out by the New Delhi-based Centre for Policy Research (CPR), has...
More »Financial Inclusion: The overzealous state is smothering the agenda-MS Sriram
It would be great if the enthusiasm on the financial inclusion agenda gets a pause from the frantic do-gooders . Too many people appear to be enthusiastic about serving the poor - and the kindness is killing. Back in 1956, we discovered that cooperatives were a great instrument to reach out to the poor. These were peoples' institutions, local and would be responsive to the problems of their members. A set of...
More »Nabard to oppose any amendment to Co-operatives Act
-PTI Mamata had said that co-operative Banks would not be allowed to attach properties of farmers for loan recovery in cases of default Refinance institution Nabard today said it would oppose any amendment to West Bengal Cooperative Societies Act of, 2006 as suggested recently by state Chief Minister Mamata Banerjee. "If the West Bengal government goes ahead with amending the Act without informing Nabard, then we will oppose it," National Bank for Agriculture...
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