Close on the heels of the recent controversy surrounding over the microfinance institutions, Karnataka government has decided to foray into the micro finance business with an initial corpus of Rs 500 crore. With this, Karnataka will join the league of Andhra Pradesh to have its own state-funded microfinance institution. The government plans to lend at the rate of 4 per cent interest per annum to unorganised sector workers. “There are about 3.5...

The government on Tuesday said employment has risen in the khadi and village industries, particularly in agro-units, on account of rise in agricultural production and processing. "The Department of Agriculture and Cooperation, the Ministry of Agriculture has reported that employment in agro- industries is growing with an increase in agricultural production, processing...," Minister of State (Independent Charge) for Micro, Small and Medium Enterprises (MSMEs) Dinsha Patel said in a written reply...

An inter-ministerial panel will decide on the contentious issue of opening organised retail to foreign investment after examining stakeholder feedback to the discussion paper put out by the government. “A panel of six ministries was constituted on September 27, which will be chaired by Kewal Ram, senior economic advisor in the consumer affairs ministry,” a government official told ET. The committee will have representation from the department of industrial policy and promotion,...

Considerable sections of the urban population may face serious food insecurity even while the urban economy grows. There is a need for urgent action on this front. Over the two decades of rapid growth of the Indian economy, the urban economy is generally perceived as having done very well. However, high urban economic growth need not by itself imply improved living standards for all urban residents. In particular, the recent and...

A United Nations-backed intervention involving cook stoves holds the promise of saving lives, uplifting health, improving regional environments, reducing deforestation, empowering local entrepreneurs, speeding development, and helping to stem global climate change. The United Nations Environment Programme (UNEP) has joined international efforts to dramatically boost the efficiency of some 3 billion cook stoves across Africa, Asia and Latin America, with the aim to protect women’s health and provide significant environmental...