Bangladeshi micro-credit pioneer Grameen Bank has described as "total fabrication" claims the institution diverted nearly $100m of Aid cash.The denial came a day after Norway sAid it was examining reports relating to money from Norway, Sweden and Germany.A documentary alleged that the cash had been transferred from Grameen Bank to other parts of Grameen.Nobel Peace laureate Prof Muhammad Yunus set up the bank in Bangladesh in 1996 to make small...
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Indians No. 2 in emigrating, top in sending money home by Rema Nagarajan
India continued to be the largest recipient of remittances in 2010, with the figure rising from $49.6 billion in 2009 to $55 billion. It was also the country with the second largest number of emigrants (those migrating abroad) after Mexico, according to the World Bank's just-released Migration and Remittances Factbook 2011. Interestingly, even as 11.4 million people from India went abroad, 5.4 million came into the country, making India No. 10...
More »Grameen founder Muhammad Yunus in Bangladesh Aid probe by Ethirajan Anbarasan
Norway says it is examining reports that Nobel Peace Laureate Muhammad Yunus allegedly diverted millions of dollars of Aid money from a bank. International Development Minister Erik Solheim sAid that it was "totally unacceptable that Aid is used for other purposes than intended". A documentary maker has alleged that cash was diverted from Professor Yunus' Grameen Bank to other parts of Grameen. In a statement, the bank sAid that the allegations were false. It...
More »Manipur has highest HIV infection prevalence: NACO by Aarti Dhar
Wider access to anti-retroviral therapy reduced AidS casualties Children account for 3.5 % of all infections Even though the overall HIV infection prevalence rate has shown a 50 per cent decline during the past decade in India, among the States, Manipur continues to top the list with an adult prevalence of 1.40 per cent, followed by Andhra Pradesh (0.90 per cent), Mizoram (0.81 per cent) and Nagaland at (0.78 per cent). It...
More »Promise to women by TK Rajalakshmi
The much-awaited Bill on sexual harassment at workplaces gets the Cabinet nod for presentation in Parliament. ON November 4, the Union Cabinet gave the go-ahead for the enactment of a law on protection of women from sexual harassment at the workplace. Titled Protection of Women against Sexual Harassment at Workplace Bill, 2010, the draft law is basically a new avatar of the ones prepared in 2004. This development has been...
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