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Understanding the Puzzling Nature of Poverty by Akash Kapur

Rahul Gandhi, the general secretary of India’s Congress party, often says that there exist “two Indias” — one of the rich, and one of the poor. Those two Indias were in evidence a couple of weeks ago, when closely timed events on opposite sides of the planet brought into relief the deep divides that in many ways define this country. In Mumbai on Nov. 7, President Barack Obama told a group of...

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Microfinance: India considers rate cap on loans to poor by Amy Kazmin

In India, commercial banks, both public and private, are required to direct a large chunk of their net credit to designated “priority sectors” seen as having a positive impact on India’s economy, and wider society – to ensure funds flow into areas the government deems important, but might otherwise be neglected. These sectors – designated by the Reserve Bank of India – currently include broad areas of agriculture, small scale industries,...

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Centre agrees to high-level monitoring panel in Chhattisgarh case by J Venkatesan

“Schools and hostels now being occupied by security forces must be vacated” Supreme Court orders police protection to one of the petitioners With the petitioners in the ongoing PIL case on Salwa Judum asking for the formation of a high-level committee to oversee the rehabilitation of displaced persons in Chhattisgarh and deal with criminal matters arising from the activities of the state-sponsored anti-Naxal movement, the Centre, through the Solicitor-General, on Thursday told...

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UN study finds most people worldwide have no social security

Basic social security remains out of reach for most people across the world, especially in poorer countries, despite the crucial role it plays in cushioning people from the consequences of economic crises, according to a United Nations report unveiled today. The “World Social Security Report 2010-2011: Providing coverage in times of crisis and beyond,” prepared by the UN International Labour Organization (ILO), examines the gaps in access to social security programmes...

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Whither Copenhagen promise of funding developing countries? by R Ramachandran

Developed countries at the 15th Conference had committed themselves to providing around $30 billion for 2010-12 The fund is for supporting developing countries' climate efforts No clarity on how donors will channel the fast-start funds Developed countries are failing to meet the funding pledges that they made at the Climate Summit in Copenhagen last December to support developing countries' climate efforts. At the 15th Conference of the Parties (COP-15) in Copenhagen, developed countries...

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