The Commonwealth Games were no showcase, but a mirror of India 2010. If they presented anything, it was this — Indian crony, casino capitalism at its most vigorous. The Commonwealth Games over, we can now return to those of everyday Indian life. For all the protests, though, there was nothing in the corruption that marked the Games that does not permeate every town and city, all the time. Just that, in...
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The ugly underbelly of Microfinance by Roli Srivastava, Swati Bharadwaj-Chand & Partha Sinha
SKS Microfinance, India's largest microfinance player, arrived with a bang with its hugely successful IPO in August. However, the recent sacking of its MD and CEO Suresh Gurumani has opened up a pandora's box that is now threatening to expose the ugly underbelly of the sector which, many allege, is teeming with players who are no better than moneylenders but have so far been able to operate under the pious...
More »Prabhat Patnaik, Professor at CESP, Jawaharlal Nehru University and vice-chairman of the Planning Board of Kerala interviewed by R Krishna
Last month, leaders from 185 countries met in New York to take stock of progress in achieving the Millennium Development Goals (MDGs) — which include, among other things, eradicating poverty and hunger, reducing child mortality, improving maternal health — that were set in 2000 by the United Nations. The aim was to achieve these goals by 2015. But 10 years down the line, the world is way behind targets in achieving...
More »NREGA: Probe exposes several anomalies
Investigation by government officials into Re 1 being paid as wages to NREGA workers at Gudaliya village in Tonk district have brought to the fore large-scale anomalies. The assistant engineer in his report has accepted the fact that though the total expense of the work done in the village is worth only Rs 60,810 but Rs 4,80,472 were paid. “This clearly exposes the fact that false ‘measuring’ books were filed and...
More »Wage row
This is with reference to the report “Centre to step in Rajasthan MNREGS wage row” (Oct. 10) which cites the Union Rural Development Ministry Secretary Mr. B.K. Sinha as stating that the State Government of Rajasthan will have to pay the prescribed wage rate under the Mahatma Gandhi National Rural Employment Guarantee Act/Scheme (MGNREGA) to workers under MGNREGA. This has not communicated the Union Secretary's point of view correctly. The...
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