Regulation in India's microfinance sector aims to address feckless borrowing and reckless lending – but will the new restrictions entrench poverty, rather than end it? One of the many crushing burdens for India's poor bear is debt; unable to make ends meet, they turn to traditional moneylenders. They are willing to extend credit, but at unconscionably high rates – sometimes exceeding 80%, and keeping borrowers in lifelong penury. Popular cinema and...
More »SEARCH RESULT
Total Matching Records found : 2695
Govt gears up to extend MGNREGS benefits to more BPL families by Virendra Nath Bhatt
With Assembly Elections just about a year away, the Mayawati government seems to have realised the importance of Mahatma Gandhi National Rural Employment Guarantee Scheme. On Thursday, hundreds of government officers fanned out in around 30 districts of the state for holding special camps to issue jobs card to the poor who have been left out in the past. The holding of camps is part of the campaign which was launched on...
More »Censorship by ‘pay-to-print' by P Sainath
When it comes to paid news, there's silence because, while Ashok Chavan might stand accused, it is the media who are on trial. The year 2010 saw journalists, their associations and unions hold more conferences and seminars on one professional issue than any other. And it wasn't on the Wage Board or the Radia tapes. Hundreds of journalists across the country attended these meetings. Dozens stood up and spoke of their...
More »Direct cash subsidy to people would check corruption
Citing various irregularities in the implementation of Food for Work Scheme under Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), Bihar Chief Minister Nitish Kumar today strongly advocated cash subsidy as a better option. ''If people are to be helped through cash, it would avoid diversion of the commodity or any other product meant for them,'' Mr Kumar said in an informal interaction with Members of the Indian Women's Press Corps...
More »Diluting the Right to Food by CP Chandrasekhar
The promise made by UPA II that it will ensure food security for Indians through legislation that guarantees the Right to Food seems, in its view, to have been an error. In a multi-stage process that reflects the pulls and pressures within the policy-making elite, the Food Security Bill has been diluted so much that it marks a reversal rather than an advance compared to the status quo. Let us...
More »
