The much-vaunted NREGA has defaulted on many of its promises “There are many households in our village who have NREGA cards but have not sought work for over two years,” says 32-year-old Umesh Kumar, gram pradhan of Bhainswal village, in Muzaffarnagar district of Uttar Pradesh. In fact, Kumar recounts having to actually go around persuading people to come for work “whenever we get projects for implementation under NREGA”. This first-time...

At a time when the government is willing to pump thousands of crores for the revival of national carrier Air India, the finance ministry has rejected railways' plea for a temporary loan of Rs 2,101 crore to fund its development works.  Turning down the loan request, the ministry has the asked state-run transporter, which is under acute financial stress, to meet its liabilities by raising resources.  Railways made the demand considering negative...

Recent events in south Asia have led to an unexpected reversal in the narrative of microfinance, long presented as a development success. Despite charges of poor treatment of clients, exaggeration of the impact on the poorest as well as the risks of credit bubbles, the sector can play a non-negligible role in reaching financial services to low-income households. In regulating the sector, there is need for caution in setting interest...

After being mired in controversies across the nation over multi-crore scams, the MGNREGA scheme hasn’t quite made headway in Bulandshahr district’s Anupshahr yet, say Bhamati Sivapalan and Yamini Deenadayalan “MGNREGA is a flop in Uttar Pradesh,” extended NGO worker Manish Sharma, as small talk, at the block development office of Anupshahr in the Bulandshahr district of Uttar Pradesh. Despite having been in force since 2005, the Mahatma Gandhi National Rural Employment...

The UPA government has decided to allow cash payment of wages to workers under the Mahatma Gandhi National Rural Employment Guarantee Act in a desperate bid to increase demand for jobs that had gone down due to delayed payment of remuneration. Union Minister for Rural Development Jairam Ramesh on Monday made the announcement stating that the facility would be allowed in all the 60 left wing extremist (LWE) affected districts where...