Close on the heels of the recent controversy surrounding over the microfinance institutions, Karnataka government has decided to foray into the micro finance business with an initial corpus of Rs 500 crore. With this, Karnataka will join the league of Andhra Pradesh to have its own state-funded microfinance institution. The government plans to lend at the rate of 4 per cent interest per annum to unorganised sector workers. “There are about 3.5...

While the Yeddyurappa-led BJP government in Karnataka is embroiled in a land scam, farmers are up in arms against the acquisition of their lands for industrial use in Mysore district. They have alleged that the government was acquiring 25,000 acres of land. Dismissing their allegation, authorities have come out with a statement saying that they were acquiring 8,520 acres in the district as a mutual consent of farmers. The clarification has come...

In the latest setback to Posco's Rs. 54,000-crore integrated steel plant in Orissa, an Environment Ministry panel has recommended that its forest clearance be rejected. After dithering for almost four weeks after discussing the Posco proposal at its October 25 meeting, the Forest Advisory Committee (FAC) has finally made up its mind to reject the clearance due to violations of the Forest Rights Act (FRA), listed by the Mena Gupta and...

In a small pastoral vand (hamlet) in Kutch, Gujarat, 10 year old Ramu wakes up at five in the morning. His mother serves him a hasty breakfast of bajra rotis after which he is packed off to the pasturelands surrounding their small hamlet to graze the family's buffaloes. Since his village does not have a working school, grazing the livestock is gainful employment from the point of view of Ramu's...

The government must stop dilly-dallying over the project and apply the law regardless of the fact that it is India's single largest foreign investment proposal. TWO giant metallurgical projects, both in Orissa. Both promoted by big multinational corporations with tremendous influence. Both opposed by environmental and tribal rights activists because they would displace vulnerable people and destroy fragile ecosystems. Both backed strongly by State-level and national lobbies that claim they...