The shortage of doctors and paramedical staff for the country's poor and downtrodden is assuming alarming proportions. According to the latest data on rural health statistics, a huge number of posts sanctioned for medical staff in primary and community health centers have been lying vacant. Consider the case of primary health centres. The vacancies stack up to 5,224 doctors, 7,243 health care workers and 1701 health assistants, respectively. The situation...
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U.N. Warns of Pakistan Food Shortage by Zahid Hussain
The United Nations warned Wednesday that a food shortage could threaten the lives of thousands of people trapped in floodwater in northwestern Pakistan as six U.S. army helicopters joined the relief effort. A U.S. embassy spokesman said four CH-47 Chinook and two UH-60 Blackhawk utility helicopters arrived in Pakistan Wednesday as part of the U.S. government's continued assistance to Pakistan for humanitarian-relief operations. Bad weather and fresh rain hampered helicopter flights, which...
More »SKS I.P.O. Ignites Microfinance Debate
An Indian company that makes tiny loans to villagers aims to raise up to $354 million in an initial public offering, a move critics fear will encourage India’s largest microfinance lender to put shareholders above the poor it serves, The Associated Press writes. SKS Microfinance’s share sale, begun Wednesday, has already drawn the ire of one of the leading lights in the field. A publicly traded company’s traditional obligation is to...
More »Cabinet approves short-term crop loan for farmers at 7%
In an attempt to further subsidise short-term crop loan to farmers, the Union Cabinet on Friday approved release of Rs 4,868 crore to public sector Banks. The decision will ensure that farmers, in general, receive short-term crop loan at 7% per annum (5% for prompt payers) with an upper limit of Rs 3 lakh on the principal amount during 2010-11. "The Union Cabinet today gave its approval for the release...
More »After waiver, loans at 5% for farmers next on agenda by Mahendra Kumar Singh
At a time when agriculture production has become key to economic expansion, the Union Cabinet on Friday will consider a proposal to fulfill its promise of crop loans at a cheaper rate of 5% to farmers who make timely repayment. In the current year's budget, finance minister Pranab Mukherjee had proposed to give up to 2% interest rate subvention to farmers who do not default on their repayments, making the...
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