The microcredit revolution has been celebrated for helping poor women in developing countries start small businesses. By borrowing money for purchases such as a buffalo or sewing machine, the women were able to help lift their families out of poverty. But critics say the microcredit model has been perverted by commercial greed in India, with reports of abusive collection methods and sky-high interest rates. "What began as a simple, innovative model...
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'Black Diwali' for NREGA workers in Rajasthan
Salaries of MPs, MLAs and bureaucrats have seen huge hikes recently but for workers under the National Rural Employment Guarantee Act (NREGA), wages have remained static ever since the scheme was launched five years ago. Rajasthan Chief Minister Ashok Gehlot recently announced a Diwali bonus for the government employees in the state. "For Diwali we have decided to give bonus equal to 30 days salary. This will cost us Rs. 223 crore...
More »Food security: PM says will seriously evaluate NAC recommendations
The Prime Minister, Dr. Manmohan Singh, on Saturday, said that on his return to New Delhi, he would study the recommendations made by the National Advisory Council (NAC) on the issue of food security. Interacting with media persons accompanying him a three-nation visit to Japan, Malaysia and Vietnam, on a wide range of subjects onboard his special aircraft, Dr. Singh said: "When I will go back, I will try to acquaint...
More »Denial of grain to 7cr poor families: SC seeks answers
The SC on Friday wanted to know Centre’s response to a petitioner’s allegation that over 7 crore below poverty line (BPL) families have been left out of the ambit of the public distribution system (PDS) and deprived of subsidised foodgrains. A Bench comprising Justices Dalveer Bhandari and Deepak Verma asked Attorney General G E Vahanvati, who was busy in another court, to respond to this charge by November 11. Petitioner NGO...
More »Free trade worsens food security
Liberalisation of agricultural trade has worsened food security of South Asia, a study says. The report by Mahbub ul Haq Human Development Centre (MHHDC), an Islamabad-based research organisation also found that farm trade liberalisation increased the number of hungry people by 28.8 million. Private research organisation, Centre for Policy Dialogue (CPD), organised launching of the report, 'Human Development in South Asia - 2009: Trade and Human Development' in Dhaka on Thursday. The...
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