Given a positive regulatory environment, banks and other financial intermediaries will certainly be interested in using the smart card opportunity. Dr Arvind Virmani, with a Ph.D. from Harvard and 30 years of professional experience, is one of the most valued economists in the Government. Before he retired as Chief Economic Advisor in 2009, he had served in the Finance Ministry and the Planning Commission. A researcher par excellence, his research papers...
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Universalization of food security law may take a hit, shows survey by Subodh Ghildiyal & Rajeev Deshpande
A pilot survey finding that 25-30% of the rural population can be automatically excluded from food security entitlements for below poverty line population might help forge a consensus between the government and the Sonia Gandhi-led National Advisory Council. The "automatic exclusion" criteria, devised on the basis of the N C Saxena report on methodology for a BPL census, is more liberal than the "bare bones" approach adopted by the government in...
More »Experts warn Africa must learn from India's microfinance problems by Teo Kermeliotis
It has been lauded as one of the most promising ways of using the market to reduce poverty and boost economies in some of the world's most deprived areas. But in recent months the work of microfinance institutions (MFIs), which provide small loans to poor people with no access to traditional banking services, has come under scrutiny after a spate of suicides in the Indian province of Andhra Pradesh was linked...
More »New laws for old: Forest rights and red-tape wrongs by Shankar Gopalakrishnan
It is a little known fact that in roughly a fifth of our country’s land area, a different legal system operates. In some of these places, if you are caught with certain items, it is up to you to prove that you are innocent of a crime — and whether you go to jail depends on whether a government official kept proper records years earlier. If you are using some...
More »Aruna Roy, Magsaysay award winner and former bureaucrat interviewed by Danish Raza
Aruna Roy, a Magsaysay award winner former bureaucrat, was closely involved in the drafting of the Right to Information (RTI) Act. As a member of the UPA's National Advisory Council (NAC), among other things, she has been conveying to the government the views of civil society on the proposed changes in the transparency act. On the sidelines of 3rd national convention of National Campaign for People’s Right to Information, held...
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