The Centre has nixed a demand from Delhi MLAs for a sharp 300 per cent salary hike. The Union government sent back the proposal saying a pay revision isn't due in Delhi until 2012 and the proposed conveyance allowances are way over the top for a small state like Delhi. Law and justice minister Mangatram Singhal confirmed that the Centre had indeed shot down the move.''The Centre has said a revision is...
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Atrocities by Maoists on women go unreported: study by Raktima Bose
That women and children are the worst sufferers during any armed conflict has been proved again by a recent study conducted by the West Bengal Women's Commission (WBWC) on women victims of Maoist violence in the State's Jangal Mahal region. It was found that the atrocities often go unreported and unaccounted, or are misrepresented by a section of society. Based on the study, the WBWC appealed to the Maoists to abjure...
More »Microfinance: India considers rate cap on loans to poor by Amy Kazmin
In India, commercial banks, both public and private, are required to direct a large chunk of their net credit to designated “priority sectors” seen as having a positive impact on India’s economy, and wider society &NDAsh; to ensure funds flow into areas the government deems important, but might otherwise be neglected. These sectors &NDAsh; designated by the Reserve Bank of India &NDAsh; currently include broad areas of agriculture, small scale industries,...
More »The Posco question by Praful Bidwai
The government must stop dilly-dallying over the project and apply the law regardless of the fact that it is India's single largest foreign investment proposal. TWO giant metallurgical projects, both in Orissa. Both promoted by big multinational corporations with tremendous influence. Both opposed by environmental and tribal rights activists because they would displace vulnerable people and destroy fragile ecosystems. Both backed strongly by State-level and national lobbies that claim they...
More »New loan sharks by S Nagesh Kumar
The rural poor in Andhra Pradesh, a State showcased as a model for SHG-bank linkage, are caught in the vortex of microfinance. WITHIN a decade of their coming into operation, microfinance institutions (MFIs) have dealt a serious blow to the economy and the well-being of thousands of families in rural Andhra Pradesh. Harassment by their collection agents has allegedly driven at least 60 borrowers to death, and the number is...
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