Interest rates on loans from microfinance institutions (MFIs) are likely to be capped at around 24 per cent. Currently, MFIs are charging 26-40 per cent on small loans extended to their rural customers — many of whom are yet to get even a bank account — while urban customers get personal loans at 12 per cent from commercial banks. Though neither the RBI nor the government has fixed any ceiling on...

Take a lesson from Commonwealth Games mascot Shera and “leap ahead” instead of whimpering like a “timorous puppy”, a food rights campaigner has said in a sharp attack on Sharad Pawar. The criticism in a Delhi newspaper has come from Belgium-born Jean Dreze, a prominent member of the Sonia Gandhi-led National Advisory Council. He is ostensibly riled by reports that Pawar’s food ministry has rejected two of the council’s key proposals...

Jammu and Kashmir government on Wednesday said Rs 102 crore has been spent under the flagship rural job guarantee programme MGNREGA leading to generation of 69 lakh mandays and providing employment to over two lakh households in the state. "An amount of Rs 102 crore has been spent under MGNREGA till date resulting in the generation of 69 lakh mandays and employment to 2,05,361 households by taking up 2,022 development works,"...

An amount of Rs 102 crore has been spent under MG NREGA till date resulting in the generation of 69 lakh Man-days and providing employment to 2,05,361 households by taking up 2,022 development works. The information was given out at a high level meeting of the Rural development Department convened under the chairmanship of Minister for Rural Development, Panchayat, Law, Justice and Parliamentary Affairs, Ali Mohammad Sagar. While asking the officers to...

‘Under no circumstances the labourers should be paid less than the wage rate' Angry workers returned the Re.1-wages to the government on October 2 Rural Development Ministry considering possibility of paying bonus to workers The Centre has decided to direct the Rajasthan government to pay the admissible wage rate under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MNREGS) to those workers of Tonk district who were paid a mere pittance of Re....