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Government of India and World Bank Sign $500 Million Agreement to Improve Rural Water Supply and Sanitation Services in Four Indian States

-The World Bank About 7.8 million rural people are expected to directly benefit from the project NEW DELHI: The government of India and the World Bank today signed a $500 million credit agreement to improve piped water supply and sanitation services through decentralized delivery systems in the states of Assam, Bihar, Jharkhand and Uttar Pradesh. The credit agreement for the Rural Water Supply and Sanitation (RWSS) Project for Low Income States was signed...

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MGNREGA: A tale of rural revival -Varad Pande and Neelakshi Mann

-Live Mint Rural livelihoods have improved because of MGNREGA. It is wrong to say the scheme has not worked If some recent news articles are to be believed, the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), a scheme that costs less than 0.35% of India's gross domestic product (GDP), has crashed the country's economy. The latest to join this bandwagon of criticism is an editorial in Mint. ("MGNREGA: A tale...

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NABARD paints a sordid picture of Madhya Pradesh's agriculture sector -Shashikant Trivedi

-The Business Standard This is happening especially with small and marginal farms Bhopal: In contrast to the tall claims of achieving double digit growth in agriculture sector National Bank for Agriculture and Rural Development (NABARD) today said agriculture in Madhya Pradesh is perceived to be increasingly unviable owing to yield and price risks as well as lack of risk mitigation mechanism. This is happening especially with small and marginal farms. Interestingly, government...

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A detailed map for financial inclusion-CRL Narasimhan

-The Hindu The report of the Reserve Bank of India (RBI)-appointed Committee on Comprehensive Financial Services for Small Business and Low Income Households has been placed on the central bank's website for comments. Considering the voluminous nature of the report and even more pertinently its complex and, detailed treatment of the subject, the deadline for receiving comments, now set at January 24, would, in all probability, need to be extended. The report packs...

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A new paradigm for inclusion

-The Hindu The report of an RBI-appointed committee on financial inclusion and financial deepening has stimulated a wide-ranging debate on these crucial areas. However, policy measures initiated by the government and the RBI while adding to the numbers of new bank branches, new accounts and so on did not really enhance the quality of such inclusive practices. In September last year, the RBI asked the committee chaired by Nachiket Mor...

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