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Bihar economy: high migrant remittance, low entrepreneurial energy!

    Remittance from migrant labour: relief or trap? Patna: according to the members of the 14th Finance Commission (FC), remittance economy should be a major factor in working out a model of development for Bihar as a large section of workforce migrates to other states and countries. Emphasizing the benefits of migrants-based economy for the state, panel member Abhijit Sen, who is also a member of the Planning Commission, said it should be accepted that people were going to leave Bihar and the government should accordingly sketch its growth plan. After receiving memorandums from the... 

Thanks to our migrant labour: Vodafone/ICICI start money transfer service “M-Pesa” in Bihar/Jharkhand!

Money to phone to money system! Patna: Telecommunication major Vodafone India in association with ICICI Bank has started the unique money transfer and payment service “M-Pesa” in Bihar and Jharkhand where banking network and financial penetration is inadequate, particularly, in rural areas. “The ‘M-Pesa’ service launched in December last year is available across 32 districts and 250 tehsils in Bihar at present,” Suresh Sethi, Business head-M-Pesa, Vodafone, told reporters here today. The innovative use of mobile technology makes it possible for customers to... 

Shortage of Bihari labour deepens crisis in distant Chennai’s industrial estates

Shortage of Bihari labour deepens crisis in distant Chennai’s industrial estates Editorial note: bihardays continues to map out of the movement of the Bihari labour all over the country and abroad and estimate their contribution to distant economies and to also get some idea of the magnitude of remittances/money sent home as contribution to the Bihar economy. This is the latest offering in the series. The migrant:onward journey! Chennai/Patna: recent reports from Tamilnadu highlight the plight of two major industrial estates in the state – Guindy and Ambattur which have both lost business... 
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