Evening Edition

For your reading pleasure:

  • Government and Inflation: After meeting with the Cabinet Committee on Prices, PM Manmohan Singh announced a multitude of measures to rein in inflation. In related news, rising prices could deal a significant blow to the US-India nuclear agreement due to the potential for political fallout.
  • Microfinance: VC Circle reports that Lok Capital, a micro-finance focused VC fund will be in investing $1.25 million in Delhi based MFI Satin Creditcare Network Ltd. Staying with Microfinance, Govt. of India is introducing a scheme called ‘Rashtriya Swasthya Bima Yojana’ (RSBY), which will provide cashless health insurance to families living below poverty line, using smart-card technology (via igovernment.in)
  • Higher Education: Economic Times reports that 29 Indian students from colleges across the country have been chosen to participate in the Goldman Sachs Global Leaders Program (GSGLP). They get a $3000 grant and a chance to participate in the Goldman Sachs Summer Leadership Institute.
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Late Night Newsfeed

Headlines:

The government is preparing a “National Action Plan” to deal with issues of climate change including measures to mitigate the impact on foodgrains production, Prime Minister Manmohan Singh announced in the Rajya Sabha on Thursday.  

The Tamil Nadu budget for 2008-09 has proposed several measures for small farmers and women, including sanction of new crop loans of Rs.1,500 crore and formation of 4 lakh new self-help groups for women.

Eight South Asian countries have launched a regional food security programme, pooling together scientific and natural resources to improve crop production and nutrition in the region.  The ‘South Asia Food Security Programme’ will receive an estimated US$25 million for ten projects addressing South Asia’s food security.

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