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For the people, by the people-Neha Khator

-The Hindu   Neha Khator narrates the story of an NGO that transformed a backward village into a bustling city, with funds, of course, but also by fostering a sense of duty in its residents. Vimla Kanwar, a 70-year-old widow, had a problem. After her husband, a handloom yarn spinner, died of cancer, the officials at the Khadi Gram Udyog took away his charkha. Concerned about finding a means of survival at her...

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Inequality re-emerges as a core concern, needs a new definition-Ali Mehdi

-The Economic Times What is... Inequality has re-emerged as a core concern in developing and developed countries alike, thanks to the growing gap and frustration of a section of the middle class and the rich vis-a-vis the super rich. A World Bank Policy Research Working Paper (No. 6259) by Branko Milanovic shows that the incomes of the global top 1 per cent and the emerging middle classes in developing countries rose dramatically between...

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Floors Wet With Sweat -Pragya Singh

-Outlook Labour is bought cheap, treated cheap-in India's garment factories as at Bangladeshi ones Even as the world remains morbidly fixated on the tragedy in Rana Plaza on the outskirts of Dhaka-the collapse of the textiles sweatshop three weeks ago buried 1,127 workers and sparked off a global outrage-it is business as usual at India's textile hubs. And you don't have to travel far from the city centre to...

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Other nations can emulate DBT scheme, says ADB-Ashok Dasgupta

-The Hindu   "I think it is a great effort, we are learning a lot from India" Even as India's Direct Benefit Transfer (DBT) is yet to be fully implemented under its second phase, the government's flagship programme on distribution of entitlements to the poor came in for praise by the Asian Development Bank (ADB). At a media conference on Saturday on the sidelines of the ADB's ongoing annual meeting at Greater Noida near...

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The Political Economy of Shadow Finance in West Bengal-Subhanil Chowdhury

-Economic and Political Weekly The Saradha group's collapse has possibly bankrupted lakhs of small investors robbing them of their life svaings, and has rendered thousands of its agents jobless. The scam highlights the failure of the government and its regulatory agencies to reign in the mushrooming chit fund companies in West Bengal. It also brings under the scanner the Trinamool Congress' proximity with the tainted group. In the wake of the...

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