-The Times of India The Centre is mulling a law to ensure that 22.5% of the Union Budget is exclusively spent for dalit and tribal welfare, a move seen as an outreach to the Congress support base that is bristling at the party's failure on the flagship demand to restore reservation in promotions. A law on dalit and tribal sub-plans would go beyond the symbolic to bind the government to...
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Jairam wants financial institution for self-help groups-Priscilla Jebaraj
-The Hindu "If we are going to be serious about supporting women's SHGs, then we need a development finance institution" Finance Minister P. Chidambaram's proposal to establish a bank exclusively for women - which he described as the highlight of this year's Budget - may have garnered applause from across party lines in Parliament and could be set up as early as October; but that hasn't stopped his Cabinet colleague and Rural...
More »A scheme for the poor, not a poor scheme-Neelakshi Mann and Varad Pande
-The Indian Express Of late, there has been much public debate around the effectiveness of the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), particularly on its targeting of the poor and the socioeconomic profile of its beneficiaries (most notably in this newspaper). It is important to look at these claims closely, not as much to counter them but as to present the real picture that has been undermined by often-unsubstantiated...
More »Lessons from Brazil to get rid of poverty
-The Economic Times Extreme poverty afflicts more than one in five people, according to the World Bank. The institution's new president, Jim Yong Kim, speaks of the need to "bend the arc of history in order to eliminate extreme poverty and achieve shared prosperity". At a time when his bank's resources as well as the Budgetary resources of governments are limited, Brazil offers important lessons on how to eliminate extreme poverty and...
More »CAG raps AP government over financial management
-PTI HYDERABAD: A day after the Chief Minister remarked that observations of CAG were "not scriptures", the public auditor picked many holes in Andhra Pradesh government's Budgeting process and financial management even as it praised the state for achieving fiscal reform targets. In its report on the state finances for 2011-12, the CAG rapped the government for failing to ensure proper utilisation of allotted funds, particularly on capital works, resulting in staggering...
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