Finance Minister T.M. Thomas Isaac has said the State government may push a legislation to regulate lending by microfinance institutions. Addressing a press conference here on Sunday, he pointed out the relevance of the Andhra Pradesh Microfinance Institutions (Regulation of Money Lending) Bill, 2010. “The entry of the Janasree Sustainable Development Mission into the microfinance sector poses a risk. Leader of the Opposition Oommen Chandy should clarify his stand on the risk...

The ministry of rural development has demanded a nearly 60% increase in the allocation for its marquee job guarantee scheme in the forthcoming Union budget for fiscal 2011-12. The ministry has sought an allocation of around Rs. 64,000 crore, up from Rs. 41,100 crore, for the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), a ministry official said, requesting anonymity. MGNREGS, the flagship programme of the Congress-led United Progressive Alliance (UPA) government...

There’s both good news and bad news on the food front.   The good news is that wheat, maize and pulses production during the current year will be the highest that India has seen. Wheat production was expected to be high, thanks to the twin advantages of a high procurement price —- higher than international prices —- and favourable weather conditions. But pulses production too has zoomed, because of the soaring prices in the...

The daughter-in-law of a Right to Information (RTI) activist who exposed a pension scam in Haryana was allegedly murdered by the village council head involved in the scam. Sonu was killed when she tried to rescue her father-in-law, Jagdish Sharma, after the village head, Dharambir Malik, crushed Sharma’s legs under the wheels of his car near Bhuna in Fatehabad district, around 50 km from here. A murder case has been registered against...

An RTI activist, Mahabir Singh, paid a heavy price for exposing a racket at Chandrawal Village of Fatehabad district in Haryana. Mahabir and some of his friends had filed RTIs to find out more about the Sarpanch and others usurping pension Money. They then complained to the district officers, but when nothing happened, they approached the court, that registered a case against the Sarpanch, district social-welfare officer and 14 others. In retaliation, the...