Regulation in India's microfinance sector aims to address feckless borrowing and reckless lending – but will the new restrictions entrench poverty, rather than end it? One of the many crushing burdens for India's poor bear is debt; unable to make ends meet, they turn to traditional moneylenders. They are willing to extend credit, but at unconscionably high rates – sometimes exceeding 80%, and keeping borrowers in lifelong penury. Popular cinema and...
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Wages of tokenism by TK Rajalakshmi
The revised daily wage for NREGS workers is still lower than the minimum wages paid in several States. A CONTROVERSY seems to have surfaced between the Prime Minister's Office and the National Advisory Council (NAC) on the issue of wages under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA). The NAC has been arguing for some time that there should be parity between wages under the National Rural Employment...
More »‘Six per cent girls in rural India still out of school'
About 6 per cent of girls in the 11-14 age group in rural India are still out of school, according to findings of the Annual Status of Education Report-2010 facilitated by the non-government organisation Pratham. This percentage is lesser than the 2009 figure of 6.8 per cent. The report, which is the largest annual survey of children in rural India, was released by Vice-President Hamid Ansari here. Mr. Ansari said that...
More »RTE Act led to rise in enrolment, but no change in education quality by Prashant K Nanda
Painting a grim picture of the standard of education in Indian schools, a report on Friday disclosed that half the students in class V cannot read class II texts. The report, released by vice-president Hamid Ansari in the Capital, said that in spite of the Right to Education (RTE) Act roll-out in April, ground realities have not changed much. The nationwide survey found that though enrolment has increased, the role of...
More »In India, 96.5% kids go to school
India took another step towards universal elementary education last year, with 96.5% of all children aged 6-14 years being enrolled in schools, an extensive private audit has revealed. NGO Pratham`s Annual Survey of Education Report says the proportion of girls in the age group of 11-14 years too increased to 94.1% although quality of education remained a big concern. The survey, the only private audit of elementary education in the country,...
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