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Nabard objects to proposal on business houses taking over RRBs by Dinesh Unnikrishnan

Even before the Reserve Bank of India (RBI) finalizes the guidelines for handing out new bank licences, its draft proposal has evoked unease in the National Bank for Agriculture and Rural Development (Nabard), which oversees the country’s 82 regional rural banks (RRBs). Nabard has taken exception to the banking regulator’s proposal to allow industrial houses to take over RRBs and convert them into full-fledged banks, saying such a move could dilute...

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Millennium Development Goals & India by KS Jacob

The Millennium Development declaration was a visionary document, which sought partnership between rich and poor nations to make globalisation a force for good. Its signatories agreed to explicit goals on a specific timeline. The Millennium Development Goals (MDGs) set ambitious targets for reducing hunger, poverty, infant and maternal mortality, for reversing the spread of AIDS, tuberculosis and malaria and giving children basic education by 2015. These also included gender equality,...

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Coal firms told to share profits with land owners

Coal companies in the public and the private sector should share either their profits or their royalty with project-affected people, Union Minister of State (Independent charge) Sriprakash Jaiswal said. Talking to the media after addressing a seminar on “Indian coal sector: issues and prospects” here on Monday, he said this would become law once the new mining policy was finalised. When asked for his views on this issue, he said, “We...

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Subsidise ecological fertilisation, demand Madhya Pradesh farmers

Farmers in Madhya Pradesh have demanded a subsidy for practising eco-friendly measures to tackle India's soil degradation crisis, environmental group Greenpeace India said Saturday. The farmers held a public hearing in this Madhya Pradesh town to review the major soil health management support systems of the central government and its capability to solve the soil degradation crisis. Several agriculture experts, government officials, politicians and representatives of civil society attended the hearing held...

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Rotting grain & judicial transgression by Ashok Khemka

The mountainous state-owned food stocks lying in the open and rotting in the rain are in stark conflict with a failing public distribution system , hunger, malnutrition and high food prices. The poor management of food stocks provoked the Supreme Court to transgress into executive domain when, on August 12, the court made certain directions like limiting procurement to covered warehousing capacity and distributing the rotting foodgrains free of cost...

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