Some Dalit businessmen plan to launch a Rs 500 crore venture capital fund — India’s first community-focused fund. The Central government’s new procurement policy will open business opportunities worth Rs 7,000 crore for Dalit and s (ST) entrepreneurs. These entrepreneurs are now gearing up to tap this opportunity by launching their own venture capital fund and increasing their production capacities. The proposed Rs 500 crore venture capital fund will be the country’s...
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NHRC questions AFSPA, finds fault with UPA schemes
-Express News Service In what could strengthen the case of those seeking lifting of the Armed Forces (Special Powers) Act (AFSPA) from parts of J&K and insurgency-hit North-East, the National Human Rights Commission (NHRC) has said the AFSPA “remains in force in Jammu & Kashmir and the North-Eastern States, conferring an impunity that often leads to the violation of human rights”. This (continuation of AFSPA), a report prepared by the NHRC...
More »What’s Wrong and Right with Microfinance by David Hulme and Thankom Arun
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...
More »UP health scam probe
-The Telegraph The CBI today began probing an Uttar Pradesh health scam running into thousands of crores that has led to the murders of two honest government doctors and the sacking of two ministers. The issue relates to the spending of Rs 10,000 crore allocated to the state under the National Rural Health Mission. CBI spokesperson Dharini Mishra said the agency had registered five preliminary inquiries on the orders of Allahabad High Court,...
More »Lokpal Movement: Unanswered Questions by Gautam Navlakha
Why is it that the Anna Hazare-led movement against corruption does not seek to have the Lokpal cover NGOs, corporate houses and the corporate media? Gautam Navlakha (gnavlakha@gmail.com) is a member of the People’s Union for Democratic Rights, Delhi. It would be churlish to dismiss “Team Anna’s” mass mobilisation which is an assertion of our collective right to protest. This is especially so in view of the fact that after having waited...
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