Insurance regulator IRDA has imposed a penalty of Rs 5 lakh each on two life insurers, state-run Life Insurance Corporation (LIC) and HDFC Life Insurance, for failing to meet rural and social sector obligation in 2008-09, Parliament was informed. The Insurance Regulatory and Development Authority (IRDA) has imposed a fine on LIC and HDFC Standard Life Insurance for non-compliance under the rural sector target during 2008-09, Finance Minister Pranab Mukherjee...
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Anirudh Krishna, Economist interviewed by Archana Masih
What are the poor most concerned about? After meeting families in 175 Indian villages in the last decade, Anirudh Krishna, says the poor's greatest worry is their children's future. With a manner of a school teacher, Professor Krishna, who teaches at the Sanford School of Public Policy at Duke University in the US, has led a team meeting poor families to find out why poverty persists. The research also includes...
More »From next year, KVs will reserve 25% seats for poor children by Akshaya Mukul
Kendriya Vidyalayas will no longer be the sole preserve of children of government employees. From the next academic year, 981 KVs will start implementing the Right to Education Act and give 25% reservation to poor children in the neighbourhood. Highly placed sources in the HRD ministry said, "RTE will be implemented in KVs. We are working out the details. We have enough time before the next session begins." To ensure...
More »Agitating farmers block Aligarh-Mathura highway by Atiq Khan
As the Mayawati government went into damage-control mode in a bid to contain the fallout of the Aligarh incident — in which four persons were killed in police firing on August 14 (unofficial reports have claimed that six farmers were killed) — clashes were reported on Monday as agitated farmers resorted to ‘chakka jam' on the Aligarh-Mathura highway. According to Inspector-General (Law and Order) A.P. Maheshwari, farmers blocked the Aligarh highway...
More »Food bowled
The disastrous effect of the state throwing up its hands and retreating is most starkly visible in agriculture . Remember: agriculture involves 70 per cent of the country's population , generates about 56 per cent of national income, 64 per cent of total expenditure and about one third of total savings. So, any neglect translates into gigantic costs. And the central crisis in agriculture — production barely matching a depressed...
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