-Live Mint   The poor remain poor because they lack resources. And the formal finance sector does not want to lend them because they are too poor, costs are high and they hardly have anything to offer as collateral. That is, they are trapped in the vicious circle of poverty. This was so until the arrival of microfinance—successfully demonstrated by the Bangladesh model that the poor are “good” borrowers. It was held...

As a national debate rages over the Indian poverty line, in the heart of Bandra, one of Mumbai’s richest suburbs, in a shanty with barely enough standing space for two adults, three-year-old Priya Doiphode, clad in a red tee shirt, lies listless on a string bed. Priya is one of the 83,243 children in Mumbai who are malnourished, according to government data, a statistic that makes Mumbai the most malnourished...

-Reuters Cotton farmer Ravindra Krishna Patil in Maharashtra should be feeling flush after strong monsoon rains and a good crop, but high costs have cast a pall over his preparations for the festive season. Instead of splashing out on gold jewellery, appliances or maybe even a car during the biggest shopping season of the year, 28-year-old Patil must count his rupees after costs of everything from fuel to labour soared while cotton...

-FAO   Food price volatility featuring high prices is likely to continue and possibly increase, making poor farmers, consumers and countries more vulnerable to poverty and food insecurity, the United Nations' three Rome-based agencies said in the global hunger report published today.    Small, import-dependent countries, particularly in Africa, are especially at risk.  Many of them still face severe problems following the world food and economic crises of 2006-2008, the UN Food and...

-PTI   Food minister KV Thomas said that apart from raising foodgrains production, the country needs modern storage facilities on the lines of China to sustain the implementation of new food bill provisions.  The draft National Food Security Bill, which is likely to be introduced in the winter session of Parliament, seeks to provide legal entitlement to subsidised foodgrains to 75 per cent of the country's rural population and 50 per cent of...