It is about capitalism and hierarchy The government has now reached a final conclusion on the raging controversy over the caste-based census in the country. In order to reconcile with the contending positions, the government has decided to conduct a separate stand-alone exercise of a parallel house-to-house enumeration of the caste affiliations of households. It is not yet clear as to whether the results and the data of the census proper...
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Banks may find it tough to ensure microfinance companies don’t charge high rates
Banks will have to put in place a mechanism to verify that microfinance institutes (MFI) they finance do not charge exorbitant rates to the final borrowers. The finance ministry has asked banks to ensure that MFIs, whom banks are financing, do not lend at rates more than 24% — all inclusive rates — to the ultimate borrowers. Some banks have recently inserted a clause while lending to MFIs that they...
More »Govt to go slow on expressways after Sonia intervention by Nidhi Sharma
The government’s ambitious plan of building around 18,637 km expressways by 2022 has hit a roadblock. Following the recent farmers protests against the Yamuna expressway project in Uttar Pradesh and Congress president Sonia Gandhi’s remark favouring justifiable compensation for land acquisition, the government has decided to go back to the drawing board on the creation of an expressway authority and the funding pattern of the projects. The ministry of road...
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KEY TRENDS • Section 105 of the Right to Fair Compensation and Transparency in the Land Acquisition, Rehabilitation and Resettlement Act, 2013, which provides for excluding 13 Central legislation, including Land Acquisition (Mines) Act 1885, Atomic Energy Act, 1962, Railway Act 1989, National Highways Act 1956 and Metro Railways (Construction of Works) Act, 1978, from its purview, has been amended for payment of compensation with rigours $ • The amendments have now...
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KEY TRENDS • Maternal Mortality Ratio for India was 370 in 2000, 286 in 2005, 210 in 2010, 158 in 2015 and 145 in 2017. Therefore, the MMRatio for the country decreased by almost 61 percent between 2000 and 2017 *14 • As per the NSS 71st round, among rural females aged 5-29 years, the main reasons for dropping out/ discontinuance were: engagement in domestic activities, not interested in education, financial constraints and marriage. Among rural males aged...
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