Batten down the hatches? Pull out all the stops? It might be difficult to find the cliché that adequately emphasises the urgency with which the government needs to tackle inflation. The worry is not just that May inflation was in double digits (10.16 per cent). It is also a fact that prices of commodities other than food are now beginning to gallop. Inflation in non-food manufactured products (often referred to...

The government on Tuesday approved a a proposal to draw a loan of $100 million (about Rs 450 crore) from the World Bank to promote microfinance in the country. The Cabinet Committee on Economic Affairs (CCEA) cleared the proposal for on-lending to the Small Industries Development Bank of India (Sidbi), which -- in turn -- would disburse the funds to the microfinance sector. “The fund will be used to promote responsible and...

This is a story of a bunch of gritty women in a small Andhra village who used their traditional resources and knowledge to fight poverty and create a source of livelihoods for others. A group of 34 women, most of them illiterate, at village Pyalayaram, which falls in Deccan region of Zaheerabad mandal in the state of Andhra Pradesh.decided to set up a community grain bank with a little help...

‘Improved law and order gave the vital impetus'  ‘State Govt. has ushered in wide-ranging reforms' ‘Development expenditures have increased' One of India's poorest State Bihar has started turning around based on the all-inclusive reforms initiated by the State Government, including improved law and order and higher public expenditures, the World Bank has said. “There are visible signs of a turnaround where the Bihar Government has been implementing wide-ranging reforms. State revenues and development...

This is a budget crafted for, and perhaps by, the corporate farmer and agribusiness. The real heroes of India's success story were our farmers. Through their hard work, they ensured “food security” for the country.— Pranab Mukherjee, interim budget speech Feb. 16, 2009 This Budget belongs to 'Aam Aadmi'. It belongs to the farmer, the agriculturist, the entrepreneur and the investor. — Pranab Mukherjee, budget speech, Feb. 26, 2010 Gee! Another pro-farmer budget....