`Financial Inclusion' as defined by the committee of financial inclusion is the process of ensuring access to financial services and timely and adequate credit, where needed by vulnerable groups, such as weaker sections and lower income groups at an affordable cost. Reserve Bank of India (RBI) has selected Baikunthpur village in Narayanpur block of Mirzapur district to provide banking services to the villagers under its financial inclusion programme. The programme...

Dams may have been the temples of modern India to Jawaharlal Nehru, but Uttarakhand’s BJP government has stopped work on a hydel project because priests and devotees fear it might submerge a Kali temple. The government’s surprise move on Thursday on the 400MW Alakananda project is steeped in local politics and coincides with a countrywide debate on development-versus-environment. But it also highlights how easy it has become to block power projects in...

Inflation is in the news. Double-digit inflation persists, concentrated in prices of food and necessities. The retail prices of pulses are in the range of Rs 80-100 per kg. Seasonal vegetables retail at Rs 30-40 per kg. Yet, our pink newspapers believe there is little reason for concern. There is a boom in purchases of consumer durables. The middle class is prospering. The poor are better-off with the NREGA. And...

Maharashtra’s sugarcane farmers who reaped a bonanza in 2009-10 due to surging sugar prices may have to settle for a 25-30% loss of income in the upcoming sugar year October 2010-September 2011. Farmers are expecting to be paid at least the Central government-fixed fair remunerative price. But with an estimated 22% jump likely in cane production, it may well become a buyer’s market with mills calling the shots. “I expect...

All eight of the U.N.'s Millennium Development Goals (MDGs) are critical to development, but numbers four and five on child and maternal health are the real priority areas for this year. That was the main takeaway from a series of briefings with U.N., NGO and country officials in which IPS participated this week. When the MDGs were agreed in September 2000, they laid out a clear pathway to the often vague...