-The Hindu Business Line On the day a ₹ 1,000/month minimum pension scheme was launched in India, an ILO policy paper report said that close to half (48 per cent) of people over pensionable age in the world do not receive a pension. And those who do get a pension, do not receive an adequate amount to cover for their health, and old age-related problems. "As a result, the majority of the...
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Esther Duflo, co-founder of the Abdul Latif Jameel Poverty Action Lab (JPAL) at the MIT speaks to Rukmini S
-The Hindu We could hold people accountable to a reasonable standard of expectation and that's the first step, says economist Esther Duflo In 2003, French-American economist Esther Duflo co-founded the Abdul Latif Jameel Poverty Action Lab (JPAL) at the Massachusetts Institute of Technology (MIT) with Abhijit Banerjee and Sendhil Mullainathan. In just over ten years, JPAL has carried out 568 field experiments - or Randomised Control Trials (RCTs) - in 56 countries,...
More »Govt likely to repeal 987 outdated laws -Chetan Chauhan
-The Hindustan Times By his own admission, Prime Minister Narendra Modi is "happiest" showing the door to laws that are of no use. Accordingly, his government has put in motion a plan to repeal as many as 987 obsolete laws. The law ministry will bring a new bill in the winter session of Parliament to repeal 287 obsolete laws and junk about 700 Appropriation Acts that have lost...
More »More hot air at climate summit -Jairam Ramesh
-The Hindu India must recapture its capacity to proactively provide both intellectual and political leadership on climate change The United Nations Climate Summit just concluded in New York. Such a conclave was taking place after a gap of five years. Expectations were low even though public rallies took place before the summit. The usual brave speeches were made but there were no dramatic announcements. U.S. President Barack Obama outlined the country's plans...
More »Will the ‘Jan’ get their ‘Dhan’? -Akansha Yadav & Sowmya Kidambi
-The Hindu Business Line Opening bank accounts in rural areas is all very well, but biometric frauds are a serious possibility The ambitious Pradhan Mantri Jan Dhan Yojana (PMJDY) aims at bringing millions of rural Indians within the financial mainstream by opening bank accounts. In 2006, the Reserve of India, recognising that a majority of rural Indians had little or no access to banking services, allowed banks to use third-party, non-bank agents...
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