Sample some data on the microFinance performance in India: According to the data provided by www.mixmarket.org, microFinance in India reached close to 270 lakh active borrowers in 2009, with the average loan size close to Rs 8,000. This translates into total borrowing to over Rs 20,000 crore. Though this number seems large, it represents only 0.3% of our GDP. Thus, large swathes of poor, both in our villages and urban...
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What is wrong with MG-NREGA?
Can we afford to leave MG-NREGA alone? Why is the civil society crying foul? Are the rural activists demanding too much? Is the UPA-II trying to take back what UPA-I gave before the elections? Let us face it, the MG-NREGA is in a big crisis. NAC members like Aruna Roy and Jean Dreze have alleged (See links below) that the present remuneration of rural workers is declining by the day and it...
More »Raja cost nation 1.7L cr: CAG by Pradeep Thakur & Josy Joseph
The heat on telecom minister A Raja is rising, with the Comptroller and Auditor General holding him personally responsible for the sale of 2G spectrum at dirt cheap rates in 2008, resulting in a loss of up to Rs 1.70 lakh crore to the national exchequer. The damning indictment stacks the odds even higher against Raja, who is already under intense scrutiny by the telecom watchdog, civil society and the Supreme...
More »Women respected more in Pak than India: UN
According to the UN Human Development Report 2010, a higher percentage of women in Pakistan feel they are treated with respect than compared to Indian women. The Report titled “The Real Wealth of Nations: Pathways to Human Development” is a flagship study produced annually by the United Nations Development Programme (UNDP). It was released at UN Headquarters in New York on Thursday, marking its 20th anniversary. The first UNDP Human Development Report...
More »Climate funding may need taxes on flight tickets and forex deals, says U.N. report
Taxes on international flights, shipping and financial transactions, as well as a global carbon price of $20 to $25 may be key to annually mobilising $100 billion in climate funding by 2020, according to the United Nations high-level advisory group on climate change financing, which submitted its report in New York on Friday. At the U.N. climate summit held in Copenhagen last year, developed countries committed to a goal of jointly...
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