-The United Nations The goal of reducing by half the number of people without access to safe drinking water has been achieved, well ahead of the 2015 deadline for reaching the globally agreed development targets aimed at ridding the world of extreme poverty, hunger and preventable diseases, the United Nations said today. Between 1990 and 2010, over two billion people gained access to improved drinking water sources, such as piped supplies and...
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Small farmers still excluded from formal financial channels
-The Economic Times Small and marginal farmers who constitute more than 80% of total farmer households in the country face exclusion from formal financial channels," says the Nair Committee on priority sector lending. The same report says "commercial banks have been prescribed targets since late 1960s for priority sector lending". The banking system failed the farmers and the needy despite nationalisation, but is there a viable model that could help the millions...
More »Government subsidy burden at 10-year high
-IANS The Indian government's subsidy burden is expected to reach 2.5 percent of the country's gross domestic product (GDP) for the fiscal ending March 31, the highest in 10 years, due to higher price of crude oil and other commodities, a report showed Tuesday. The total subsidy is expected to increase to Rs.2,23,000 crore in the current financial year, which is 2.5 percent of GDP at the current market price which is...
More »UPA’s elbow room to push crucial reforms may shrink
-The Indian Express The Samajwadi Party’s sweep in India’s biggest state, Uttar Pradesh, and Congress’s defeat in Punjab and Goa will further shrink the elbow room the Congress-led UPA government at the Centre has to push through key initiatives such as foreign direct investment (FDI) in multi-brand retail, pension reforms and legislation such as the goods and service tax (GST) that require support from states. The Centre had postponed some of these...
More »Journalists reporting on human rights need greater protection, says UN expert
-The United Nations Recent global events have highlighted the fact that journalists and media workers reporting on human rights issues are particularly vulnerable to threats and attacks, an independent United Nations expert said today, calling for greater protection for those who carry out such vital work. “Because of the potential impact on society that journalists and media workers can have by disseminating information about human rights through a wide array of media,...
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