The Reserve Bank of India (RBI) is to consider a proposal for opening of weekly branches in unbanked panchayats in the state. Gumla is one among the 16 districts, which have been classified as under-banked districts in the state. Delay in disbursing wages under MGNREGA and executing other welfare schemes will now be sorted out by reaching banking services to hitherto unbanked areas and new measures have also been initiated. Before the...
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Assam's dam crisis by Arnab Pratim Dutta
ASSAM is on the brink of a movement, like the one that ended with the 1984 Assam Accord. This time the concern is not illegal immigrants but dams proposed upstream in Arunachal Pradesh. In the past year and a half people in Assam have held a number of protests. The latest one was on September 10 when Union Minister of Environm ent and Forests Jairam Ramesh visited Guwahati to consult academics,...
More »A chink in the armour by Pratik Kanjilal
The Aadhaar universal ID has been rolled out to general applause and will soon change our lives across the board. The project should accomplish its mission, which is to improve the delivery of rural welfare. It may liberate the poor and marginalised from the cash economy and give them access to formal finance and banking. And if the ID is made mandatory for big transactions, it may reduce money laundering...
More »'Sensex is soaring, so is hunger in the country'
Touching upon the gaping difference between the haves and have-nots, AB Bardhan, vice president, AITUC and CPI general secretary, on Tuesday said that a soaring Sensex was seen along with the soaring rate of hunger in the country today. Speaking at the centenary celebrations of Prabhat Kar, organised by the All India Bank Employees Association (AIBEA), and the All India Bank Officers Association (AIBOA) here, he described Prabhat Kar as a...
More »Speculation and the economics of hunger by Biraj Patnaik
A recent report of the UN Special Rapporteur on the Right to Food, Olivier de Schutter, provides a damning indictment of the role of speculation in food commodities in fuelling the global food crisis. The report – 'Food Commodities Speculation and Food Price Crisis – was released on the eve of an emergency meeting of the UN-FAO on the instability in agricultural markets. The global food crisis in 2007-08 led to...
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