Nobel laureate Muhammad Yunus has been removed as the managing director of Grameen Bank, the organisation he founded in Bangladesh in 1983 to help the poor. The central bank has cited a rule that requires retirement at 60 to order the ouster of the 70-year-old “banker to the poor” who has been embroiled in a Norwegian funds scandal. Yunus had also fallen out with the political establishment after, fresh from the Nobel...
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Dismal: State of the World's Children 2011
A good marker of a country’s progress is the environment in which its children grow up. Prevalence of malnutrition, hunger, unhygienic surroundings and forced child labour cost a country dearly in terms of its real growth. The State of the World's Children 2011 report shows how little is being invested in the future citizens of our world. The theme of this year’s report is “Adolescence: An Age of Opportunity” and...
More »Limbless singer gives voice to India's rural poor by Beatrice Le Bohec
Bant Singh, a scarred survivor of class violence in rural India, has an indisputable claim to be a voice for India's impoverished and muted millions. The folk singer lost both arms and a leg in an attack five years ago after he dared to challenge high-caste landlords in his area of the northwestern state of Punjab who had raped his 17-year-old daughter. Set upon by a gang armed with iron bars, he...
More »Agriculture reform key to India budget by James Lamont
Pranab Mukherjee, India’s finance minister, put the rural economy at the heart of a national budget on Monday, saying ridding the farm sector of crippling supply bottlenecks would be his “focus” in the coming fiscal year.A market-neutral budget supporting agriculture, welfare schemes and the extension of banking services to more people was designed to dispel any sense that the Congress party-led government was in drift after a series of high...
More »Nanny retreats? Health, education outlay more than NREG & Rural by Anubhuti Vishnoi & Ravish Tiwari
For the first time since the launch of the National Rural Employment Guarantee Scheme (NREGS) in the 2005-06 fiscal, the combined plan outlay for the Ministries of HRD and Health has surpassed that of the Department of Rural Development, which administers doles like the NREGS, Old Age pension and rural housing grants to the poor. The UPA regime has for the first time cut outlay — by about 2 per cent...
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