Inflation is beginning to hurt seriously, corruption is at an all-time high and the government is not doing enough to tackle either problem. That is the way India's big cities feel on the two big issues dominating headlines in recent months, according to an 8-city survey done exclusively for TOI. Asked what impact rising prices have had on their household budgets, only 3% said it has had a small impact. About...
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Food inflation sharply falls to 13.07%, may stabilise at 8-9%
Food inflation dropped sharply to 13.07% for the week ended January 29 from 17.05% in the previous week. According to data released by the ministry of industry and commerce on Thursday food inflation declined to a seven-week low due to decline in the prices of pulses and potatoes. On an annual basis, prices of potatoes declined 8.87%, while pulses fell 8.63% and wheat by 3.58%, the government data said. Although the...
More »Threats shadow activists by Pallavi Singh & Maitreyee Handique
At least 10 RTI applicants have been killed over the past two years, with many others facing threats in their bid to expose corruption On a Republic Day when India celebrated 61 years of justice, equality and liberty, Amar Nath Pandey says he encountered the darkest moment of his life. In late evening on 26 January, a lone assailant leaped from the folds of darkness in the street outside his house in...
More »Bihar becomes first state to put school information online
Bihar is the first state in India to put information about students, teachers and educational status online as part of an effort to improve education Bihar has become the first state in the country to put details of Classes 1 to 8 of all its 70,000 government schools online. Only recently, a survey of primary education showed that the state, considered one of the most poorly developed in the country, had...
More »Malegam report to hurt microfinance by Krishnamurthy Subramanian
An empirical analysis of the microfinance industry shows that the recommendations of the Malegam committee would have significantly more detrimental consequences than have been anticipated in the report. The microfinance exchange (www.mixmarket.org) is the most comprehensive data source for MFIs across the world. Table 1 displays the information on several parameters of Indian MFI performance for 2009. Column 2 displays the average values of performance parameters across 88 Indian MFIs....
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