A funding crisis has hit the government's efforts to leverage the banking correspondent model to provide banking services to the beneficiaries of its flagship rural employment guarantee scheme. Work has stopped in Orissa, the first state to adopt the model in all districts, after State Bank of India (SBI) refused to bear the cost of this financial inclusion drive for the beneficiaries of the Mahatma Gandhi National Rural Employment Guarantee...

Surinder Mahato is a worried man. A small farmer on the outskirts of BIhar's capital Patna, he laboured throughout last year's drought to ensure that his farm's output of rice was not affected. But he now stares in distress at the stacks of paddy lying in his hut. 'I am waiting to sell my crop, but due to the government negligence, I am forced to sell at throwaway prices to local...

BIhar Chief Minister Nitish Kumar made a strong pitch for bringing to an end the policy of implementing Centrally-sponsored schemes in states, saying the Centre should confine itself to broad policy making. "You (Centre) develop policy and broad roadmap. Leave the decision on schemes for states. Stop Centrally-sponsored schemes. You give us task...you decide a target and help and monitor us but why going into minute details?," Kumar asked. Speaking at a...

While inflation has been hitting people hard across the country, the rate of price rise has been the most in Kerala, Orissa and Meghalaya, as per government data released today.     In all three states, the consumer price index (CPI) overall stood at 108 in January from a base of 100 in 2010, suggesting inflation of 8 per cent. Incidentally, even richer states like Maharashtra, Gujarat, Haryana, Delhi and Punjab reported a...

Amartya Sen today said primary healthcare should be more accessible to people and sought the public sector’s support in healthcare. “I strongly say yes to right to health,” the Noble laureate said after formally announcing the launch of Pratichi (India) Institute in Salt Lake. The economist, who has been conducting research and development work in the fields of education, health and gender equality for the past 10 years, said Pratichi Trust, which...