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Tens of thousands of refugees to benefit from new UN-backed microfinance project

Tens of thousands of displaced people around the world will get micro-loans to set up their own businesses and become self-sufficient thanks to a new agreement between the UN refugee agency and a microfinance services organization set up by Bangladeshi Nobel Peace laureate Muhammad Yunus. Under a memorandum of understanding signed by Mr. Yunus and UN High Commissioner for Refugees (UNHCR) António Guterres, the Grameen Trust will set up micro-loan...

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Starvation deaths in Madhya Pradesh, Rajasthan

At least two cases of hunger deaths have been reported from Jabalpur district of MP and Chittorgarh district of Rajasthan in the past few weeks. The two states are run by different political parties-- the BJP and the Congress-- but there is quite a lot common in the victims’ circumstances. Both families were among the poorest in their villages but were not included in the BPL list and both the...

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Unwarranted optimism by Jayati Ghosh

Without policy efforts to deal specifically with issues such as reduced incomes and unemployment, the global economic crisis will be far from over. FOR most economic commentators, 2010 begins on an optimistic note. Just a year ago, there was much gloom about the world economy. The worst financial crisis since the Great Depression had broken out in full fury; asset markets in the United States, Europe and then most developing...

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New UN-managed fund announces over $9 million in grants to empower women

A new fund managed by the United Nations Development Fund for Women (UNIFEM) today announced over $9 million in grants to support initiatives in 26 countries to empower women, ranging from boosting their political participation in Bosnia and Herzegovina to assisting those denied inheritance and property rights in Afghanistan. The Fund for Gender Equality is a $68 million multilateral initiative, currently funded by the Governments of Spain and Norway, designed...

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Minority education cell minus hands by Charu Sudan Kasturi

India’s apex minority education watchdog has been reduced to an agency with a head but no body because of hectic lobbying over appointments after incumbent members either quit or completed their terms. The National Commission for Minority Educational Institutions, started five years back, is functioning at a third of its strength maNDAted under the law, crippling its ability to decide on key policy matters. Under pressure from sections within the...

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