-The Indian Express Chit fund scams shine the light on the need to overhaul the financial regulatory architecture Cases of semi-regulated or unregulated entities making unrealistic promises to consumers are roiling the financial landscape. It is high time the government sees the pattern and undertakes fundamental change. The search for a solution must factor in two realities. The first is the failure of the formal regulated financial system. The breakdown of present...
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Social Justice
KEY TRENDS • According to National Sample Survey report no. 583: Persons with Disabilities in India, the percentage of persons with disability who received aid/help from Government was 21.8 percent, 1.8 percent received aid/help from organisation other than Government and another 76.4 percent did not receive aid/ help *8 • As per National Family Health Survey-4 (NFHS-4), the Under-five Mortality Rate (U5MR) was 57.2 per 1,000 live births (for the non-STs it was 38.5)...
More »No high five for RTE -Louis Georges Arsenault
-The Hindu Success stories from the right to education law give no joy when assessments show that children are ill-versed in the 3Rs and classrooms remain discriminatory Three years ago today, India, for the first time in history, made a promise to its children. With the Right of Children to Free and Compulsory Education coming into effect on April 1, 2010, every child was guaranteed the fundamental right to eight years of...
More »The feeding frenzy of kleptocracy-P Sainath
-The Hindu Since 2005-06, taxes and duties for the corporate world and the rich have been written off at the rate of Rs.7 million a minute on average. Duties waived on gold and diamonds in the last 36 months equal the 2G scam amount Forbes has just added an “errata” to Union Finance Minister P. Chidambaram’s budget speech. The Minister had found a mere 42,800 people in the country with a taxable...
More »KV Thomas, Food Minister interviewed by Sanjeeb Mukherjee
-The Business Standard For the first time, the Union Budget for 2013-14 made a provision of Rs 10,000 crore for rolling out UPA-2 most ambitious social security programme--the proposed Food Security Law. This is over Rs 80,000 crore as normal food subsidy. Food Minister K V Thomas tells Sanjeeb Mukherjee that the Budget provision of Rs 90,000 crore as food subsidy will be enough to roll out the Bill in its...
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