Unique features of the public wage programme turn it into a magnet for women More women than men work under the national programme that guarantees employment to rural people. In the current fiscal till October, women availed of more than 50 per cent of employment created under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA). Their participation has been growing since the inception of the Act in 2006. This is...
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What is the 2G spectrum scam about?
Here is a background on the 2G spectrum controversy that resulted in Communications and IT Minister A. Raja of DMK resigning on Sunday: The issue dates to 2008 when nine telecom companies were issued scarce airwaves and licenses for second generation (2G) mobile phone services at Rs1,658 crore (less that $350 million) for a pan-India operation. As many as 122 circle-wise licenses were issued. The opposition said that by giving the airwaves...
More »'Kargil heroes' on Adarsh list turn out to be fake by Josy Joseph
The Adarsh housing scam, which has already cost Ashok Chavan his job as Maharashtra chief minister, is sinking to still more embarrassing depths as investigators comb carefully through the claims of its promoters, who invoked the names of Kargil heroes and war widows to extract clearances. Did any Kargil hero actually get a flat in Adarsh? In 2002, the society had listed two members — out of a total of 71...
More »Towards a Comprehensive Food Security Bill for All by Dipa Sinha
The NAC proposals for the food security bill are narrow and lack in vision. What is needed is a comprehensive bill with universalisation of PDS and a focus on child malnutrition. There was much excitement when food security became one of the issues in the manifestos of most major political parties in the run up to the 2009 General Elections. With burgeoning food stocks, double-digit food inflation, stagnant malnutrition rates, declining...
More »Micro finance, macro objectives by Krishnamurthy V Subramanian
Sample some data on the microfinance performance in India: According to the data provided by www.mixmarket.org, microfinance in India reached close to 270 lakh active borrowers in 2009, with the average loan size close to Rs 8,000. This translates into total borrowing to over Rs 20,000 crore. Though this number seems large, it represents only 0.3% of our GDP. Thus, large swathes of poor, both in our villages and urban...
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