Time magazine picked him as one of 100 people shaping our world. Today, he’s held responsible for bringing an exciting, inspirational business into disrepute. Oh, and his wife says he beat her and snatched their son. There could not be a more controversial torchbearer than Vikram Akula for an industry as quintessentially Indian as microfinance, the business of providing the poor with loans, as small as R5,000, secured not with...

The mass migration of farmers moving to urban India is becoming a worrisome trend, said planners at a seminar in the Indian Capital. “Many peasants want to leave agriculture, sell land and migrate to cities,” Arvind Mayaram, Additional Secretary and financial advisor to the Ministry of Rural Development told the India Economic Summit of the World Economic Forum on Monday. Seventy per cent of India’s 1.1 billion people currently live in villages,...

Twenty years is a good enough time to assess how countries of the world, irrespective of the economic or political system they follow, have performed in promoting human development. Successive Human Development Reports (HDR), since 1990, have mainstreamed health and education as critical indicators of human progress and contributed to international policy structures. For instance, the Millennium Development Goals, aimed at using international financial resources to reduce global poverty, can...

A total of Rs 3,79,29,000 have been paid to the unskilled workers under Mahatma Gandhi National Rural Employment Guarantee Scheme MGNREGA so far in the state, said Union Minister for Rural Development Dr C P.Joshi informed Shantaram Naik MP in a written reply to the question asked by him in the Rajya Sabha on the subject. Minister said that at the time of commencement of the scheme wage rate in Goa...

The first-ever annual employment survey by the Labour Bureau under the Union Ministry of Labour points to a “jobless economic growth” last fiscal year. During the bureau’s survey period 2009-10 — also the year in which India’s gross domestic product grew by 7.4 per cent — unemployment was 9.4 per cent. The National Sample Survey Organisation, using its Consumer Expenditure Survey for 2007-08, had painted a rosy unemployment figure of 2.8...