Insurance regulator IRDA has imposed a penalty of Rs 5 lakh each on two life insurers, state-run Life Insurance Corporation (LIC) and HDFC Life Insurance, for failing to meet rural and social sector obligation in 2008-09, Parliament was informed. The Insurance Regulatory and Development Authority (IRDA) has imposed a fine on LIC and HDFC Standard Life Insurance for non-compliance under the rural sector target during 2008-09, Finance Minister Pranab Mukherjee...
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Rural employment schemes a boon for West Bengal villagers
Rural folk living on the outskirts of Kolkata have welcomed the various employment opportunities generated through financial aid by the Government social schemes like the National Rural Employment Guarantee Act (NREGA) and the Swarnajayanti Gram Sarojgar Yojana (SGSY). The villages here are witnessing a slow, but steady impact of various poverty alleviation schemes being implemented by Panchayats (village councils) and West Bengal's Rural Development Department. The formation of self-help groups (SHG) along...
More »Anirudh Krishna, Economist interviewed by Archana Masih
What are the poor most concerned about? After meeting families in 175 Indian villages in the last decade, Anirudh Krishna, says the poor's greatest worry is their children's future. With a manner of a school teacher, Professor Krishna, who teaches at the Sanford School of Public Policy at Duke University in the US, has led a team meeting poor families to find out why poverty persists. The research also includes...
More »Drought tag for entire Jharkhand by Amit Gupta
Governor M..H. Farook today declared eight more districts as drought-hit, bringing the entire state in the parched bracket ahead of a central team visit. With this, the memorandum of demands to be forwarded to the Union government, seeking financial assistance to mitigate the effects of drought, will be redesigned. It is now pegged at around Rs 3,000 crore against the earlier Rs 2,157 crore. An eight-member central team, led by managing director...
More »Women wage battle to win over poverty, oppression by Rahul Banerjee
Suffering from extreme poverty and male oppression, the women of Darkali village in Madhya Pradesh, India, are now able to feed their families through employment under the MGNREGS. The wages obtained under the Scheme help them augment the family resource base. Jashmabai is working under the punishing sun on an earthen dam in her village of Darkali, in Madhya Pradesh's Alirajpur district, being built under the government-funded Mahatma Gandhi National Rural...
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