NAC failed to address hunger and malnutrition: Right to Food CAMPAign Current proposals only offer window-dressing to present Targeted Public Distribution System Arguments suggesting lack of resources cannot be accepted, wrote CAMPAign members The Right to Food CAMPAign activists are “extremely disappointed” with the recommendations of the National Advisory Council (NAC) on the proposed Food Security Bill and have said they would continue their struggle for a Comprehensive Food Security Act. Urging the NAC...

Calls for “suitable directions” on paying statutory minimum wages A follow-up to NAC meeting, which felt there should be no deviation from statutory wages Andhra Pradesh and Gujarat Chief Ministers have also made a strong plea for minimum wages Sonia Gandhi has written to Prime Minister Manmohan Singh urging “suitable directions” on paying statutory minimum wages to workers employed under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MNREGS). The November 11 letter is...

Tight liquidity continues; rise in bank rates likely for such lending. The Andhra Pradesh government will take some time to reply in the high court to the petitions filed against the Andhra Pradesh Microfinance Institutions (Regulation of Money Lending) Ordinance, issued last month. The Microfinance Institutions Network (MFIN), SKS Micro Finance and Spandana Sphoorty Financial have filed petitions saying the ordinance threatens to disrupt their business. The government sought an extension after...

The NAC proposals for the food security bill are narrow and lack in vision. What is needed is a comprehensive bill with universalisation of PDS and a focus on child malnutrition.   There was much excitement when food security became one of the issues in the manifestos of most major political parties in the run up to the 2009 General Elections. With burgeoning food stocks, double-digit food inflation, stagnant malnutrition rates, declining...

The microfinance bubble has burst. The AP government ordinance, the AP oppositionfs CAMPAign asking borrowers not to repay and the sheer public hostility towards MFIs . all these have put the brakes on MFI activities for now. We need to rethink the role of MFIs in the rural economy . In order to do so, we must first grasp some of the myths on which the MFI sector has rested...