Issues related to transportation of food grains persist in the 293 PDS outlets The Bombay High Court has directed the Maharashtra government to appoint a nodal officer by May 31 in the Melghat region to coordinate the work of nine departments which, apart from the public distribution system (PDS), are engaged in tribal development and child welfare. This post, meant for an IAS officer, had been lying vacant for more than two...

Quota for all elected posts in panchayats, mandals, ZPPs Decision by government on the issue to improve representation for women in local bodies Draft amendment to Andhra Pradesh Panchayat Raj Act being scrutinised by the Law Department Chief Minister N. Kiran Kumar Reddy said that there would be 50 per cent reservation for women in the next local body elections in the State. Living up to his promise made during the International Women's Day...

Amidst hue and cry over micro-finance institutions (MFIs) charging the rural poor exorbitant interest rates, Reserve Bank of India norms continue to allow these entities a free hand in determining their charges. The banks lending to MFIs too continue to have full discretion in fixing their rate of interest. RBI has issued a latest master circular reiterating its earlier stand on micro-credit on February 14. Master circulars are like ready-reckoners on...

An empirical analysis of the microfinance industry shows that the recommendations of the Malegam committee would have significantly more detrimental consequences than have been anticipated in the report. The microfinance exchange (www.mixmarket.org) is the most comprehensive data source for MFIs across the world. Table 1 displays the information on several parameters of Indian MFI performance for 2009. Column 2 displays the average values of performance parameters across 88 Indian MFIs....

In a bid to facilitate agriculture and rural development in the backward state, Nabard today launched a Rs 25,019 crore credit plan for Orissa during 2011-12. The credit plan was launched by state Finance Minister Prafulla Ghadai at the state level credit seminar here. While annual credit plan for the state during the current fiscal is Rs 16,915 crore, it was increased by 48 per cent for 2011-12. While agricultural...