The UPA government has widened the scope of its flagship Mahatma Gandhi National Rural Employment Guarantee Act (NREGA) to include works related to agriculture, animal husbandry, poultry, drinking water and sanitation.  In its initial avatar launched over six years ago, the NREGA was limited only to works concerning water and soil conservation, afforestation and land development. It was largely seen as a subsistence dole for the rural people in the lean...

Signalling its commitment to roll out the Food Security Bill in the next fiscal, finance minister Pranab Mukherjee is likely to announce a token allocation of Rs. 5,000 crore in the forthcoming budget. The funds would primarily be directed at creating and strengthening the institutional arrangement to deliver the massive allotment promised under the scheme. The food security bill is of extreme political importance to the United Progressive Alliance (UPA)...

Muhammad Yunus, the economist who founded Bangladesh’s Grameen Bank, visited Mumbai recently where he spoke to India Ink about his vision of “social businesses,” his forced departure from Grameen and the recent controversies that have dogged micro-finance in India and elsewhere. An edited, condensed version of the interview follows: Q. The microfinance industry has gone through an existential crisis in the last few years. Why did the industry fall from grace? A. See,...

After its senior leaders defied Election Commission strictures over the model code of conduct, the Congress-led UPA government has started working quietly on giving the code statutory backing. If it is successful, complaints pertaining to code violations will go out of the purview of the EC. The “secret” agenda notes circulated for the seventh meeting of the group of ministers (GoM) on corruption, headed by union Finance Minister Pranab Mukherjee, scheduled...

Nine moths after the thrashing it received in the Assembly Elections, the CPM leadership has undertaken a purge within. It has dropped 13 of its veterans from the West Bengal state committee, three of them several-term MPs, from key posts on grounds of “anti-party activities” or age and health. Party insiders say the exercise was a reflection of Buddhadeb Bhattacharjee asserting himself with the party’s state unit. Such a drive had,...