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India Microcredit Faces Collapse From Defaults by Lydia Polgreen and Vikas Bajaj

India’s rapidly growing private microcredit industry faces imminent collapse as almost all borrowers in one of India’s largest states have stopped repaying their loans, egged on by politicians who accuse the industry of earning outsize profits on the backs of the poor. The crisis has been building for weeks, but has now reached a critical stage. Indian banks, which put up about 80 percent of the money that the companies...

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Orissa bans fishing in coastal areas for seven months by Hemant Kumar Rout

Orissa government has imposed a seven-month ban on fishing for the nesting and breeding season of Olive Ridley turtles. This will affect the livelihood of at least three lakh fishermen across the state. Fish eaters will have to pay more for sea fishes or will have to satisfy themselves with sweet water fishes. The ban will be in force along 120 km sea coast in six districts of Balasore, Bhadrak,...

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Mixed signals from MSP

The new rabi grain pricing policy seems to have been influenced more by macro-concerns about food inflation management rather than any considerations relating to food production planning. The marginal increase in minimum support prices (MSPs) of most rabi crops, barring pulses, is understandable given the government’s focus on inflation reduction and the fact that this marginal increase comes on top of earlier hikes of a decent magnitude. Moreover, there are...

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Remove the smokescreen by Praful Bidwai

The disclosure by the Centre for Science and Environment that 11 of the 12 leading brands of honey sold in India contain high levels of harmful antibiotics should make us acknowledge our failure to evolve and enforce environmental and health standards. Similar disclosures were made about pesticides in soft drinks and coliform bacteria in 'safe' bottled water. More distressing is the documentation since the 1980s of high content of pesticides...

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'Pollination crisis' hitting India's vegetable farmers by Mark Kinver

A decline in pollinating insects in India is resulting in reduced vegetable yields and could limit people's access to a nutritional diet, a study warns. Indian researchers said there was a "clear indication" that pollinator abundance was linked to productivity. They added that the loss of the natural service could have a long-term impact on the farming sector, which accounts for almost a fifth of the nation's GDP. Globally, pollination is estimated to...

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