Technology is helping public sector Banks find customers in rural India. This is part of the Centre’s efforts to include villages in the organized financial system; to ensure they are not cheated of their wages. Pilots show promise The current state of rural banking in the country is poor. A recent report, by the National Sample Survey Organization, revealed that 51.4 per cent of the 89.3 million total farmer households in...
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Nothing Common about this Wealth by Dunu Roy
Much of the daylight robbery in the name of Commonwealth Games has been justified in the name of "National Prestige" and "World class aspirations. Whether all these surreptitious measures will eventually deliver the games is an open question? The Commonwealth is a 'friendly' association of those 72 colonies which were once part of the British Empire and rose to free nationhood - some through protracted struggle and others through negotiation. In...
More »And yet another pro-farmer budget by P Sainath
This is a budget crafted for, and perhaps by, the corporate farmer and agribusiness. The real heroes of India's success story were our farmers. Through their hard work, they ensured “food security” for the country.— Pranab Mukherjee, interim budget speech Feb. 16, 2009 This Budget belongs to 'Aam Aadmi'. It belongs to the farmer, the agriculturist, the entrepreneur and the investor. — Pranab Mukherjee, budget speech, Feb. 26, 2010 Gee! Another pro-farmer budget....
More »10 journalists get fellowships to cover rural India
Ten journalists have been selected to spend time with rural communities, understand their anxieties and specialise in covering the country’s rural crises, through an initiative of the Centre for the Study of Developing Societies. The recipients of the Inclusive Media Fellowship are: Mahim Pratap Singh of The Hindu (to work on the impact of distress migration on nutrition security and livelihoods in five districts of Orissa), Joaquim Fernandes of The...
More »Salary of below Rs 6000 a month is set to be new definition of urban poor by Smita Aggarwal
The government is likely to raise the income threshold to define the economically weaker section (EWS) to about Rs 6,000 a month from the current Rs 3,300 a month. This will increase EWS numbers by almost 40 per cent. The EWS population benefits from government housing schemes and gets softer interest rates on housing loans from state-owned Banks. The move to hike the threshold is based on an internal report...
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