Five years ago, the Prime Minister launched the Jawaharlal Nehru National Urban Renewal Mission (JNNURM), calling it the single-largest initiative of the government of India for a planned development of our cities. This unique, Rs 50,000-crore (subsequently enhanced to Rs 66,000 crore) programme to be implemented over a seven years from 2005 to 2012 focuses mainly on 65 mission cities with provision kept also for other small towns. While the...
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Delhi Chokes on Winter Smog by Ranjit Devraj
Winter in the Indian capital is a season of mists, minus the mellow fruitfulness. The air becomes charged with toxic emissions and particles that cannot disperse due to a meteorological phenomenon called "atmospheric inversion". According to B.P. Yadav, scientist with the meteorological department, atmospheric inversion is caused by a warming of the upper layers of the atmosphere, trapping colder air on the surface and, with it, vehicular and industrial emissions. "The immediate...
More »Fear of Freedom by Ruchi Gupta
So why is the UPA hell-bent on killing its unique success story: the NREGA? Here's the inside narrative of the conspiracy. It took 47 days of a protest sit-in at Jaipur to make the state budge(1). It's notable that the objective of this protracted protest was not to coerce the Rajasthan government for an extra share of the state's resources, but to hold the government accountable to the Constitution and its...
More »Microlenders, Honored With Nobel, Are Struggling by Vikas Bajaj
Microcredit is losing its halo in many developing countries. Microcredit was once extolled by world leaders like Bill Clinton and Tony Blair as a powerful tool that could help eliminate poverty, through loans as small as $50 to cowherds, basket weavers and other poor people for starting or expanding businesses. But now microloans have prompted political hostility in Bangladesh, India, Nicaragua and other developing countries. In December, the prime minister of...
More »India-EU Deal Threatens Mom-and-Pop Retail by Ranjit Devraj
Retail giants pushing the European Union-India free trade deal promise consumers a "new and dynamic retail experience" but ignore the fate of India’s "mom-and-pop" stores and some 40 million people they employ. Four years in the making, the EU-India Bilateral Trade and Investment Agreement made serious headway during Indian Prime Minister Manmohan Singh’s visit to Brussels Dec. 10 and is due to be signed and sealed early 2011. But the negotiations have...
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