The poster boy of microfinance is now seeking some anonymity. In Andhra Pradesh, the epicentre of the worst crisis faced by microfinance in India, SKS Microfinance is playing down its identity and going into preservation mode. At its modest office in a residential colony in Warangal district, India’s largest microfinance company has taken down its board. At its head office in upmarket Begumpet in Hyderabad, it hung a cloth mesh...
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Gehlot writes to Manmohan for higher wages under rural jobs scheme
Rajasthan wiling to pay enhanced wages to workers ‘Demand justified as CPI has risen to 924 points' Rajasthan Chief Minister Ashok Gehlot has accepted in principle the demand for enhancement of the wages of workers under the Mahatma Gandhi National Rural Employment Guarantee Scheme as per the recently revised minimum wage rates in the State. However, the catch is that the Centre holds the key to any hike in the job scheme...
More »Rural reality by CT Kurien
A meticulous study of the agrarian relations in three villages. ONE of our senior sociologists once drew my attention to the distinction between economics and other social sciences. Other social sciences – sociology and anthropology, for instance – he said, pay a great deal of attention to gathering primary data and interpreting them, whereas economics relies on secondary data for its analysis. This is, to a large extent, a fair...
More »New CPI to be based on state stats by Rishi Shah
The new consumer price indices set to debut in January will be compilations of indices for states that reflect the price trends prevailing in the country accurately, helping policy formulation and targeted intervention. Each state will have two consumer price indices, one for rural and another for urban areas. These CPI rural and urban will be added up to arrive at urban and rural retail indices at the national level. These...
More »The Wages of Discontent by Aruna Roy and Nikhil Dey
The Union government is reneging on its legal obligation to pay minimum wages, even to the most deprived sections of the population, in the implementation of the Mahatma Gandhi National Rural Employment Guarantee Scheme. If anyone wants to study the capacity of India's policymakers to turn a progressive piece of legislation upside down, the wage policy under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) is a good place to...
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