The government will have to invest around Rs 5 lakh crore to achieve its target of increasing the higher education enrolment rate from the current 14 per cent to 30 per cent by 2020, a think tank has estimated. The National University of Educational Planning and Administration (NUEPA) has prepared a concept paper projecting the expected number of youths to be enrolled in higher and technical education by 2020 and the...
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MFI interest rate on loans likely to be capped at around 24 pc by Mashusudan Sahoo and George Mathew
Interest rates on loans from microfinance institutions (MFIs) are likely to be capped at around 24 per cent. Currently, MFIs are charging 26-40 per cent on small loans extended to their rural customers — many of whom are yet to get even a bank account — while urban customers get personal loans at 12 per cent from commercial banks. Though neither the RBI nor the government has fixed any ceiling on...
More »Fighting hunger
A timely reality check on public policies in the developing world, the Global Hunger Index 2010, (GHI) released by the International Food Policy Research Institute, reveals the disturbing fact that the number of hungry people in the world hovers around the one-billion mark. Although this year's estimates by the Food and Agriculture Organisation place the figure at 925 million, barely a year ago, at the height of the recession, “the...
More »Prabhat Patnaik, Professor at CESP, Jawaharlal Nehru University and vice-chairman of the Planning Board of Kerala interviewed by R Krishna
Last month, leaders from 185 countries met in New York to take stock of progress in achieving the Millennium Development Goals (MDGs) — which include, among other things, eradicating poverty and hunger, reducing child mortality, improving maternal health — that were set in 2000 by the United Nations. The aim was to achieve these goals by 2015. But 10 years down the line, the world is way behind targets in achieving...
More »Number of hungry people in the world “unacceptably high” by Gargi Parsai
Global hunger is rising rapidly due to sharp spikes in food commodity prices. The combination of global food crisis and economic recession pushed the number of hungry people beyond the one billion mark, United Nations Food and Agriculture Organisation's Director-General Jacques Diouf told the 36th session of the Inter-governmental Committee on World Food Security (CFS) in Rome on Wednesday. The session has been timed with the World Food Day on Saturday. Agricultural scientist...
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