More public private partnerships are needed to create opportunities for the rural population India might have created its mark in the services sector — especially in information technology — on the global map, but the development of the rural sector still has a lot of ground to cover. Discussing how to innovate rural entrepreneurship towards employment at the India Economic Summit, various speakers called for increased public private partnerships to create...
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India's unemployment rate at 9.4 pct in 2009-10: Govt survey by Siddharthan Meganathan
The unemployment rate in India is estimated at 9.4 percent or 94 persons out of 1000 persons in the labour force for the fixed reference period of financial year 2009-10, according to employment-unemployment survey by the Labour Bureau under the Labour and Employment Ministry. In absolute terms about 40 million persons are found unemployed based on the survey results at overall level of the State/UT’s surveyed. The unemployment rates are estimated at...
More »Microfinance: What's wrong with it by M Rajshekhar
The poster boy of microfinance is now seeking some anonymity. In Andhra Pradesh, the epicentre of the worst crisis faced by microfinance in India, SKS Microfinance is playing down its identity and going into preservation mode. At its modest office in a residential colony in Warangal district, India’s largest microfinance company has taken down its board. At its head office in upmarket Begumpet in Hyderabad, it hung a cloth mesh...
More »Official violated law for Adarsh project, RTI activist complains to ACB
Right to Information (RTI) activist Santosh Daundkar on Tuesday gave a written complaint to the Maharashtra Anti-Corruption Bureau (ACB) against State Information Commissioner Ramanand Tiwari in connection with the Adarsh Housing Society scam. Mr. Daundkar has requested the ACB to register an FIR against Mr. Tiwari, former Principal Secretary, Urban Development; MLC Kanhaiyalal Gidwani and R.C. Thakur, chief promoter of Adarsh, for violations for law. In his complaint, supported by annexures of...
More »Deprivation and disparities by PS Appu
Could India's mock war on poverty ever turn real? India became independent 63 years ago. Since Independence the country has implemented 10 Five Year Plans and a few Annual Plans. Currently the 11th Plan is being executed. Efforts made during the last six decades have resulted in the modernisation of a stagnant economy and India's emergence as a major industrial power. This period also witnessed remarkable progress in agricultural production. But India...
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