-Bloomberg When farmers in the scorched village of Horti in Western India were struggling to raise money for a canal, they turned to an unlikely source: a crowdfunding website called FuelADream. The farmers had never heard of crowdfunding before, but a local non-profit group suggested the site and helped them write a proposal that explained how a canal would help feed local families. Within weeks, they had raised Rs 300,000 ($4,490) from...
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Panchayati Raj Ministry: A downgrade for democracy -Mani Shankar Aiyar
-The Hindu Confining it to just the Ministry of Rural Development would be the most retrograde step in democratic decentralisation in over a quarter century. If, as The Hindu’s exclusive on Wednesday indicates, Prime Minister Narendra Modi were to close down the Ministry of Panchayati Raj, it would confirm one’s worst fears about his government’s hypocritical approach to grass-roots democracy for grass-roots development. This was a lacuna that was evident in the ‘Gujarat...
More »Job growth at a snail’s pace -Santosh Mehrotra
-The Hindu For jobs to grow, consumer demand has to improve consistently. This can only happen with an industrial policy, which India has not had since 1991 There will be no demographic dividend without growth in industrial and service sector jobs. The underlying logic behind a dividend is that as jobs grow, incomes rise and so do savings. Based on higher savings, the investment rate to GDP grows, resulting in faster GDP...
More »A bit of shine after the Sun is gone -Preeti Mehra
-The Hindu Business Line Villagers are turning entrepreneurs by renting out their solar lamps Ibrahimpur duli village in Uttar Pradesh’s Faizabad district is on the electricity grid. But the power here is erratic. “It comes only at night around 9 or 10 pm with frequent shut downs,” says 54-year-old Ram Lallan who along with his wife Kusma Devi runs a solar enterprise to offer off-grid technology solutions to consumers in the region. The couple...
More »Edible Spoons: Bakeys' Narayana Peesapathy scoops up accolades with his innovative idea -Anu Thomas
-The Economic Times What's on your plate may be good for you. But, what if the plate itself is nutritious? This is not light-headed talk from going too long without a meal, but an idea that sprouted in the mind of a groundwater researcher-turned-entrepreneur Narayana Peesapathy on a flight. As Peesapathy watched a man pick at his lunch with a cracker after he accidentally broke his plastic spoon, he wondered if...
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