The poster boy of microfinance is now seeking some anonymity. In Andhra Pradesh, the epicentre of the worst crisis faced by microfinance in India, SKS Microfinance is playing down its identity and going into preservation mode. At its modest office in a residential colony in Warangal district, India’s largest microfinance company has taken down its board. At its head office in upmarket Begumpet in Hyderabad, it hung a cloth mesh...
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'Nearly 10%' of Indians are without jobs
Nearly 10% of Indians are without jobs, a new study of the country's labour force has found. The study by the federal labour ministry was conducted in some 46,000 households in 28 states all over the country. It also found that over 85% of Indians had no access to social security. Various surveys have pegged India's unemployment rate between 2.8 to more than 10%. Analysts say the actual figure is much higher. They say...
More »‘9.4% unemployed, agriculture accounts for less than half of all jobs’ by Amitav Ranjan
A first-ever survey by the Labour Bureau under the Union Ministry of Labour has shown that chronic unemployment — being jobless for more than six months — in India for 2009-10 stands at 9.4 per cent of the population, more than thrice the 2.8 per cent estimated by the National Sample Survey Organisation (NSSO). The survey was conducted in 300 districts among the 28 states and union territories with working class...
More »‘NAC failed to address hunger and malnutrition' by Gargi Parsai
The Right to Food Campaign said on Thursday that it was “extremely disappointed” with the recommendations of the National Advisory Council (NAC) on the proposed Food Security Bill and that it would continue its struggle for a Comprehensive Food Security Act. Urging the NAC to “reconsider” its decisions, the Campaign said that the main objective of the proposals seems to be to minimise the budgetary and foodgrains burden of the [proposed]...
More »Law on food security and media support by S Viswanathan
The Director-General of the U.N. Food and Agriculture Organisation, Dr. Jacques Diouf, announced at the Inter-Governmental Committee on World Food Security (CFS) that the combination of global food crisis and economic recession had taken the number of people affected across the world to over one billion. He described the number as “unacceptably high,” higher than in 1996 when the heads of states and governments committed themselves to reducing hunger by...
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