Muhammad Yunus, the economist who founded Bangladesh’s Grameen Bank, visited Mumbai recently where he spoke to India Ink about his vision of “social businesses,” his forced departure from Grameen and the recent controversies that have dogged micro-finance in India and elsewhere. An edited, condensed version of the interview follows: Q. The microfinance industry has gone through an existential crisis in the last few years. Why did the industry fall from grace? A. See,...
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Expanded National Rural Employment Guarantee Act to arrest fall in appeal
-The Economic Times An expert group has recommended adding 30 agricultural and allied works under the Centre's flagship rural job guarantee scheme, in a revamp aimed at making the country's costliest social sector programme more effective. As part of the overhaul of the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), the panel has also suggested an electronic fund management system to ensure timely transfer of Money to needy districts. The recommendations of...
More »Difficult to digest by Jyotika Sood
After much debate, the Cabinet cleared the food security bill. Will it really ensure food for every Indian? THE Lokpal Bill debate may have ended in a fiasco but 2011 ended on a positive note for the Congress-led UPA government on another count. Its pet project, the National Food Security Bill (NFSB), was cleared by the Union Cabinet and introduced in Parliament. The bill seeks to address widespread hunger in the...
More »Pits of horror by S Dorairaj
The alleged incident of two quarry workers in Tamil Nadu's Villupuram district being forced to swallow faeces draws attention to larger issues. NORMALLY the villages and hamlets in and around Thiruvakkarai in Tamil Nadu's Villupuram district are woken up by the loud noise and vibrations caused by the blasting of rocks and the pounding of boulders with sledge hammers, apart from the rattling sound of tipper lorries transporting stones from 40-odd...
More »Dr Abhijit Sen, Member-Planning Commission of India, interviewed by Ajay Vir Jakhar and Paranjoy Guha Thakurta
Dr Abhijit Sen is Member, Planning Commission of India. He is a Ph.D. in Economics from the University of Cambridge (currently on leave as Professor of Economics at the Jawaharlal Nehru University) and has also taught at the Universities of Sussex, Oxford and Cambridge. Besides serving various think tanks in the states and at the centre, Dr Sen has been a consultant with UNDP, ILO, FAO and various other multilateral...
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