The Mahatma Gandhi National Rural Employment Guarantee scheme (MGNREGS) is bringing about a silent revolution in rural areas in this drought-prone district. The Prime Minister, Dr Manmohan Singh, inaugurated the programme in a remote village, Bandlapalli, in Anantapur district on February 2, 2006. Since then, the scheme has been providing employment to rural youth and checking migration from the district. About 700 residents in Malakavaripalli thanda in Tumula village panchayat in...
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Hard questions about soft questions by P Sainath
There was in fact a successful auction of spectrum — only it was not conducted by the government but by its corporate sector cronies who made a fortune on the deal. On one pronouncement of his, you have to agree with Prime Minister Manmohan Singh. His is not a ‘lame-duck government.' Cooked goose seems the more appropriate soubriquet. However, not a single new scam worth over Rs. 1 lakh crore has...
More »NREGA completes 5 years: Nanded farmers reap benefits
The National Rural Employment Guarantee Scheme completes five years this year. A week before the budget, CNBC TV18's Gopika Gopakumar travels to the interiors of Maharashtra to find out how the NREGA scheme is getting implemented. Pandurni village, in Nanded District of Maharashtra, is in high spirits. It has won the award for best performance in implementing the rural employment guarantee scheme for 2009-10. Around 1,500 people from this village are registered...
More »No cap on MFI interest rates by Shishir Arya
Amidst hue and cry over micro-finance institutions (MFIs) charging the rural poor exorbitant interest rates, Reserve Bank of India norms continue to allow these entities a free hand in determining their charges. The banks lending to MFIs too continue to have full discretion in fixing their rate of interest. RBI has issued a latest master circular reiterating its earlier stand on micro-credit on February 14. Master circulars are like ready-reckoners on...
More »Farmers still in interest trap by Shubhangi Khapre
Almost a year after the state government promised to impose stringent laws to arrest the exploitation of farmers at the hands of private moneylenders, the rate of borrowing has gone up to 36-40% in the state. The laws remain on paper as the government has failed to put in place any regulatory body that could take action against the private moneylenders in the state. Highly-placed sources in the government said, “The...
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