-Live Mint   The poor remain poor because they lack resources. And the formal finance sector does not want to lend them because they are too poor, costs are high and they hardly have anything to offer as collateral. That is, they are trapped in the vicious circle of poverty. This was so until the arrival of microfinance—successfully demonstrated by the Bangladesh model that the poor are “good” borrowers. It was held...

-The Telegraph   Rural development minister Jairam Ramesh today opposed sharing of certain “privileged” and “secret” matters under the right to information (RTI) law, echoing cabinet colleagues Salman Khurshid and M. Veerappa Moily. “Ministers write to the Prime Minister on a variety of issues. There has to be a concept of secrecy in government,” Ramesh said. According to Ramesh, communications leading to a cabinet decision or a policy decision of the government should be...

The Planning Commission's Approach Paper to the Twelfth Plan sticks with the neoliberal agenda despite claims of inclusive growth. INCLUSIVE was one word that came up time and again in the early announcements of the Planning Commission on the Twelfth Five-Year Plan. “Faster, Sustainable and More Inclusive Growth” was the slogan coined for the Plan and there was the promise of widespread consultations as never before as part of the processes...

-PTI   Terming high global commodity prices a "grave threat", Finance Minister Pranab Mukherjee has called for developing countries to increase their investments in agriculture to improve crop productivity. "The recent commodity and food price rise and their volatility constitute a grave threat to economic growth and food security in our economies," Mukherjee said at a meeting of G-24 Finance Ministers here last evening. He took over as the new chairman of the group...

The Nuclear Safety Regulatory Authority Bill is a first step towards granting functional autonomy to the country's nuclear regulator. THE true independence and functional autonomy of the existing Atomic Energy Regulatory Board (AERB) has been questioned for long. The issue gained further importance in recent months after it was raised in many quarters in the wake of the Fukushima nuclear disaster in March in Japan. To allay public fears as...