This is the first time that the Planning Commission has sought engagement of the civil society NGOs have given suggestions for previous Five Year PlansConsultations on various topics plannedThe Planning Commission is involving leading non-governmental organisations and civic society, seeking their inputs, suggestions and experiences, for preparing its approach paper for the 12 {+t} {+h} Five Year Plan (2012-17), which will be the base document for the Plan itself.Though NGOs had...

Mahitosh Sarkar came here from his distant village in West Bengal 12 years ago looking for a better life, and he found it. He abandoned the penniless existence of a subsistence fisherman to become a big-city vegetable seller. His wife found work as a maid. Their four children went to school. Their tiny household, a grim but weather-tight room in a dilapidated tenement, had a color TV and a satellite...

The two day 43rd Session of the Indian Labour Conference (ILC), the apex national tripartite body that discusses key issues affecting labour and employment and provides policy perspectives and recommendations, concluded in New Delhi today. The Conference was inaugurated by Prime Minister Dr. Manmohan Singh on Tuesday 23rd November 2010. Senior level representatives of the three pillars of the tripartism, Trade Unions, Employers’ Associations and Government, participated in the deliberations...

Yaga Venugopal Reddy , former Reserve Bank of India governor credited with saving the nation’s financial system from the 2008 meltdown, has said what many finance experts believed, but did not have the courage to admit publicly: microfinance is India’s subprime. “Ultimately, it’s something like subprime lending,” Mr Reddy told ET in an interview ahead of his book release. “The same incentives are operating here... it was securitisation and derivatives that...

Three basic necessities of life — tapped drinking water, electricity connection and sanitation — together are not available to 82% of rural Indian households, a government survey has revealed. The three elements were key in the defining of India's new poverty line earlier this year by the Suresh Tendulkar committee, which said that 46% of rural Indians were poor. The poverty line was based on National Sample Survey Organisation report of...