On April 10, 2006, Justice Kalyan Jyoti Sengupta of the Calcutta High Court directed a colleague, Justice Soumitra Sen, to return an amount that he had collected in 1993 as a court receiver. Newspapers in Kolkata reported the order in November, setting off a chain of events that saw the matter reaching Rajya Sabha in 2009 and Justice Sen facing impeachment proceedings on Wednesday. The amount of Rs 33,22,800 — Rs...
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Some 45 million Indians rose above $1.25 a day: Report
-IANS Nearly nine million Indian households, or 45 million individuals, saw their incomes rise above the threshold of $1.25 a day, or Rs.56, in the two decades ended 2010, reflecting the success of microfinance, says a survey. "A dramatic number of families moved out of poverty between 1990 and 2010," said the report, based on a survey of more than 15,000 Indian households, carried out by the India Development Foundation (IDF), a...
More »MFIs: Still in the doldrums by Shruti Sarma
MFIs in Andhra Pradesh are paying for the sins of their past. Market for new loans has dried up, banks have turned off their spigots while the AP government is content to sit back and watch. It has been eleven months since the Andhra Pradesh government issued an ordinance—later converted into the Andhra Pradesh Micro-Finance Institutions (Regulation of Money Lending) Act—which, the microfinance industry hoped, would be the magic remedy that...
More »Foodgrains productivity up-govt by Ruchira Singh
The productivity of foodgrains increased to 1,921 kg per hectare in 2010-11 from 1,756 kg/hectare in 2006-07 as a result of the implementation of various development programs, a government statement said on Monday. This information was given by Harish Rawat, Minister of State for Agriculture and Food Processing Industries in a written reply to a question in the Lok Sabha, the statement said. The yield of rice was at 2,240 kg per...
More »UN study finds overall drop in funding for AIDS response in 2010
-The United Nations Funding disbursements from donor governments for the AIDS response in low- and middle-income countries dropped overall in 2010, mainly due to a reduction by the largest donor, the United States, the lead United Nations agency tackling the epidemic said today. According to an annual funding analysis carried out by the Joint UN Programme on HIV/AIDS (UNAIDS) and the Kaiser Family Foundation, donor governments disbursed $6.9 billion in 2010...
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