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Swaminathan: Marry traditional wisdom with scientific knowledge

By marrying traditional wisdom with scientific knowledge, India needs to create dynamic, location-specific content, and build the capacities of local people to make meaningful use of communication technologies for rural development, M.S. Swaminathan, chairperson the M.S. Swaminathan Research Foundation (MSSRF), said here on Saturday. He was speaking at the ‘7th Convention of the Grameen Gyan Abhiyan – Rural Knowledge Movement' on Information Communication Technology (ICT) and Food, Health and Livelihood Security...

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Vote for people power

Jharkhand embarked on its first panchayat polls in three decades on an encouraging note today, recording an impressive turnout in defiance of a few determined efforts by Maoist groups to disrupt the process at various places. Voters queued up from early morning, helping the state to notch up a poll percentage of 64.7 per cent with chief minister Arjun Munda’s home district of Seraikela-Kharsawan recording the highest turnout of 79 per...

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Experts group to study NAC proposals on food security Bill by Gargi Parsai

Led by C. Rangarajan, it has been appointed by Manmohan In a significant move, Prime Minister Manmohan Singh has formed an experts group chaired by the chief of Prime Minister's Economic Advisory Council, C. Rangarajan, to examine the recommendations of the Sonia Gandhi-headed National Advisory Council on the proposed food security Bill. The move surprised members of the council who met here on Friday to discuss the draft of the National Food...

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Leave well alone

MICROFINANCE is an example of something that is sadly all too rare: an anti-poverty tool that usually at least breaks even. If you make small, uncollateralised business loans to groups of poor women, they almost always repay them on time. It has grown rapidly in many countries, not least Bangladesh and India. With nearly 30m clients each, these are now the world’s biggest markets for microfinance. Yet the industry has...

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India Microcredit Faces Collapse From Defaults by Lydia Polgreen and Vikas Bajaj

India’s rapidly growing private microcredit industry faces imminent collapse as almost all borrowers in one of India’s largest states have stopped repaying their loans, egged on by politicians who accuse the industry of earning outsize profits on the backs of the poor. The crisis has been building for weeks, but has now reached a critical stage. Indian banks, which put up about 80 percent of the money that the companies...

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