The Prime Minister’s Office is expected to have a tough time making up its mind on the right wages for workers under the National Rural Employment Guarantee Act (NREGA). For, the labour and rural development ministries have taken different positions on the matter. A labour ministry note sent to the rural development ministry (MoRD) says the minimum wage notified in each state — often higher than the NREGA set one —...

While the revolutionary National Rural Employment Guarantee scheme has brought higher wages for labourers across the country, farmers and landlords in Tamil Nadu have begun to feel the pinch following its huge success. They don't get labourers to work in their fields due to low wages. Will the new choice force landlords to hike wages? Rural Tamil Nadu is witnessing a critical migration of labour. Farm workers, 80% of who...

MICROFINANCE is an example of something that is sadly all too rare: an anti-poverty tool that usually at least breaks even. If you make small, uncollateralised business loans to groups of poor women, they almost always repay them on time. It has grown rapidly in many countries, not least Bangladesh and India. With nearly 30m clients each, these are now the world’s biggest markets for microfinance. Yet the industry has...

The United Nations health agency today mapped out what countries can do, including raising more funds and spending it more efficiently, to ensure that everyone who needs health care can access it despite rising costs. The World Health Organization (WHO) notes that Governments worldwide are struggling to pay for health care, which is rising as populations get older, as more people suffer chronic diseases, and as new and more expensive treatments...

India’s rapidly growing private microcredit industry faces imminent collapse as almost all borrowers in one of India’s largest states have stopped repaying their loans, egged on by politicians who accuse the industry of earning outsize profits on the backs of the poor. The crisis has been building for weeks, but has now reached a critical stage. Indian banks, which put up about 80 percent of the money that the companies...