With an eye to mainstreaming sustainability, rural development minister Jairam Ramesh has reached out to the United Nations Development Programme to suggest ways for 'greening' rural development schemes and programmes. "We are spending Rs 99,000 crore this year on rural development programmes and it would be a shame if we don't mainstream green objectives in these programmes. Rural development programmes offer a huge opportunity to deal with green concerns and challenges...
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For a universal old-age pension plan-Prabhat Patnaik
With the elderly likely to constitute a quarter of India's population by 2050, there is need for a publicly-funded, universal scheme that will overcome destitution among the aged India's social security system is woefully inadequate, when compared even to those in third world economies with no higher per capita incomes. Some States in India have fairly comprehensive social security schemes — notably Kerala, also West Bengal and Tamil Nadu — but...
More »Bihar artisans get Exim Bank's loan support-Atmadip Ray
Export Import Bank of India has sanctioned a Libor-linked foreign currency loan to artisans in Bihar for bulk purchases of tasar silk, their raw material. Libor is London inter-bank offer rate which is being used as a benchmark for short term rates in the international capital market. Exim Bank has given the working capital loan for three months to Ecotasar Silk Pvt Ltd, an enterprise manufacturing off-the-loom tasar silk products in...
More »Quenching thirst in rural areas-Aparajita Ray
What better elixir than pure water? Thanks to Naandi, a safe drinking water programme, 3,90,536 households in rural areas across four Indian states are benefited. Naandi, headquartered in Hyderabad, is a not-for-profit organization which works with governing bodies in rural areas, including Karnataka, to provide clean drinking water to the poor. So what really is their modus operandi? It is essentially a community-run programme where the local governing body or gram...
More »Posco in limbo-V Venkatesan
The National Green Tribunal's decision to suspend the environmental clearance given to Posco vindicates the project's critics. ON March 30, the Principal Bench of the newly formed National Green Tribunal (NGT) delivered a momentous decision suspending the environmental clearance (EC) given to the South Korean transnational corporation, Posco, to set up an integrated steel plant at Paradip in Odisha's Jagatsinghpur district. The former Union Minister for Environment and Forests, Jairam...
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