-Live Mint The poor remain poor because they lack resources. And the formal finance sector does not want to lend them because they are too poor, costs are high and they hardly have anything to offer as collateral. That is, they are trapped in the vicious circle of poverty. This was so until the arrival of microfinance—successfully demonstrated by the Bangladesh model that the poor are “good” borrowers. It was held...
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From Tirupati to Pashupati? by Jairam Ramesh
The media imagery of a “liberated” Red corridor extending from Andhra Pradesh, cutting across the heart of India, all the way to Nepal is the most vivid representation of the threat that Maoists pose to our country. The Prime Minister describes the Maoists as India's most serious internal security challenge and the Home Minister rates it as a “problem graver than terrorism.” In search of an effective response, official committees have,...
More »2G scam: Does govt think we are keeping businessmen in jail, asks SC
-The Economic Times The Supreme Court on Wednesday sought to know if the Centre and the CBI were on the same page on the prosecution of the 2G scam accused, given law minister Salman Khurshid's reported statement that investor sentiment would be hurt if courts ordered the arrests of business persons. A bench of Justices GS Singhvi and HL Dattu said the statement implied that the SC wanted to keep businessmen in...
More »SC criticises Khurshid's businessmen remark
-IANS The Supreme Court Wednesday took a serious view of union law minister Salman Khurshid's statement that keeping businessmen in jail was affecting the investment climate of the country. The apex court bench of Justice GS Singhvi and Justice HL Gattu said that the minister's statement gave an impression as if "we are interested in keeping businessmen behind bars". "This is disturbing for us, if it (statement) is true," Justice Gattu said. The court's...
More »Is the Planning Commission out of touch with reality, or are we not listening? by Arun Maira
What has changed since the economic reforms began? Many things. No waiting for years for a telephone connection, now cell phones with everyone. From three makes of cars with wind-down windows to dozens of makes, all air-conditioned. From one domestic airline, government owned and for the rich, to many private carriers for the middle class too. What has also changed is the knocking on the window. There are many more rich people...
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