MasterCard Worldwide, a leading global payments company, today said it has developed a payment solution for ‘Aadhaar’. ‘Aadhaar’ is a 12-digit Unique Identification Number (UID) that captures basic demographic and biometric information of Indian residents. The UID will make it possible for residents to establish their identity with financial institutions thereby providing them a gateway into the formal banking system. This payment solution will enable Aadhaar holders to perform payment...
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Endosulfan used on expert advice: PCK
Affidavit before Kerala High CourtThe decision to conduct aerial spraying of Endosulfan over the Cashew estates of the Plantation Corporation of Kerala (PCK) was taken on the basis of the recommendations of Kerala Agricultural University (KAU) and other institutions, according to an affidavit filed by the PCK before the Kerala High Court.In the affidavit, PCK Managing Director N.K. Manoj said the allegation that the aerial spraying of the insecticide was...
More »Why microfinance is not half the villain it seems to be by R Jagannathan
A man, crawling on all fours, is searching for something under a tree on a hot summer’s day. A curious passerby stops and asks: “What are you looking for?” The man replies: “I’ve lost my watch.” The passerby asks: “Are you sure it fell near this tree?” The answer: “It’s cooler looking in the shade”.Governments work something like this. They do what they think is easier to do rather than...
More »Improvised motorcycle pump for irrigation from bore-well by MJ Prabu
“Resource crunch often makes people depressed, especially for small farmers like us who are used to it for decades. We often live in severe Cash-strapped situations and learn to adjust or adapt; sometimes we just succumb to it,” says farmer Mr.Vikas Shinde from Jalgoan, Maharashtra, who developed a motor cycle operated water pump to irrigate his fields.“The government just does not seem interested in encouraging farmers,” he says.“The National Rural...
More »Keeping millions undernourished by Biswajit Dhar
International prices of most agricultural commodities are on the rise again. Prices of major food crops have increased disconcertingly, with wheat, rice, maize and soybean registering double-digit increases between June and October. Wheat prices increased alarmingly by more than 71%, while maize recorded a more than 50% spike. The Food Price Index released by the Food and Agriculture Organization (FAO), the most widely accepted barometer for food prices, also painted...
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