It will provide credit risk guarantee to banks on the loans Prime Minister Manmohan Singh on Tuesday announced that the Centre was considering setting up a credit risk guarantee fund with a corpus of Rs. 1,000 crore, to start with, to encourage banks to lend to the poor for housing. Emphasising that developing housing for the poor was critical for sustainable urban development, he said: “To encourage banks to lend in significant...

IndiaEducationDiary.in   With a number of States facing constraints in implementing the historic Right to Education (RTE) Act, various stakeholders, including academics, policy makers and education experts, will share a podium here on December 21 to deliberate on innovative policy ideas aimed at universalizing quality education for all children. The experts, coming together at a national conference, will also discuss in detail the critical issues plaguing the Indian education sector, especially for children...

-PTI   Government said a large number of complaints relating to implementation of its flagship MGNREGA scheme, including 61 cases related to underpayment of wages, have been received from all over the country.  Minister of State in the Rural Development Ministry Pradeep Jain 'Aditya' told Lok Sabha that 24 of the 61 complaints pertaining to under-payment of wages emanated from Uttar Pradesh alone.  The data showed that 14 such complaints were received from Rajasthan...

The government's decision to set aside a 20 per cent quota for SC/ST vendors in its purchases, if accepted by every sector on a wider scale, has the potential to makegrowth pro-poor and inclusive. The Central government has finally announced a policy reserving 20 per cent of its purchases for micro and small enterprises run by entrepreneurs belonging to the Scheduled Castes and the Scheduled Tribes. The new procurement policy will...

-India Today   Rural Development Minister Jairam Ramesh's pet land acquisition, rehabilitation and resettlement Bill, 2011 has run into major roadblocks in the parliamentary standing committee. Various stakeholders, including farmers' organisations, NGOs and legal experts contend that in its present form, the Bill is an empty shell that exempts 90 per cent major development projects - highways, nuclear plants, mines, SEZs et al-in the name of which, land is being acquired across...