-The Hindu The National Bank for Agriculture and Rural Development (NABARD), whose funding of corporate warehousing projects on terms far softer than those offered to poor and often suicidal farmers was highlighted by The Hindu last month, has withdrawn its controversial scheme with retrospective effect under pressure from the Reserve Bank of India. The minutes of a meeting of the sub-committee of the NABARD Board held last month confirm that the RBI...
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Gujarat: Myth and reality-Bhalchandra Mungekar
A war of words has erupted between the chief ministers of Bihar and Gujarat. Bihar's chief minister Nitish Kumar has slammed Narendra Modi for taking potshots at the state's slow socio-economic growth. The altercation began with Modi saying that caste politics has ruined states like Bihar and Uttar Pradesh. Hitting back, Nitish has said that Modi should look at the conditions in his own state before criticising others. For the last...
More »Mayawati's wealth doubled to Rs 111.64 crore during her term as chief minister by Ashish Tripathi
Bahujan Samaj Party (BSP) president Mayawati's assets doubled to Rs. 111.64 crores (approx. $22 million) during her term as chief minister of Uttar Pradesh. In her affidavit filed along with the nomination for the Rajya Sabha (upper house of Parliament) elections on Tuesday, Mayawati has declared total assets of Rs 111.64 crore, which is more than double of Rs. 52 crore she declared in May 2007 when she contested for the...
More »Diluting a law by TK Rajalakshmi
The Law Commission recommends making Section 498A, IPC, compoundable, and women's groups say that would affect women's interests. A REPORT of the Law Commission of India on “Compounding of (IPC) Offences” suggesting that Section 498A of the Indian Penal Code, which prescribes punishment for a husband or his relatives for subjecting a woman to cruelty, be made compoundable with the permission of the court, is fraught with several implications. The report...
More »CNT Act provisions: Bank credit denied to tribal people by Santosh Narayan
Chhotanagpur Tenancy (CNT) Act-1908 came into existence to safeguard rights of the tribals, especially on their traditional landholdings. It is not very clear how much the Act has been successful in assuring the rights to the traditional dwellers, though it is an open secret that it has denied them access to bank credits, thus hampering them financially. Latest figures suggest that bank loans to Scheduled Tribe and Scheduled Caste have moved...
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