Some people feel agriculture in India provides employment much beyond its capacity — that is, the number of people working on the farm is many times the actual requirement. Prime Minister Manmohan Singh is among the proponents of this view. In his interaction with a group of editors last month, Singh said, “The only way we can raise our heads above poverty is for more people to be taken out of...
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Ensure all NREGA workers get their due: Sonia to PM by Seema Chishti
National Advisory Council chairperson Sonia Gandhi has requested Prime Minister Manmohan Singh to give “suitable directions” to rescue the MNREGA and ensure that all workers get paid in accordance with the Minimum Wages Act (1948). In a letter dated November 11, Sonia Gandhi, who is also UPA chairperson, has appended a 10-page note on the subject. The note details the concerns and outlines the legal arguments in support of paying workers...
More »Behind the curve
In the first week of September, two things happened in western Uttar Pradesh. The first is that a township that was supposed to be constructed in Aligarh district as part of the Yamuna Expressway project was scrapped. The second was that the UP government announced a revised compensation scheme for the acquisition of land. And now, more than two months later, that bears fruit: the township is back on, and...
More »Nearly Rs 90,000 cr credit disbursed to farmers in Q1
Banks have disbursed nearly Rs 90,000 crore credit to farmers in the April-June quarter of this fiscal, the government said on Monday. The government has fixed the credit flow target during 2010-11 fiscal at Rs 3,75,000 crore. "Agriculture credit of Rs 89,687 crore has been disbursed to farmers across the country till June 2010 in the financial year 2010-11," an official statement said. The credit disbursement in 2009-10 was Rs 3,66,919 crore against...
More »In India, greed creeps into microlending, critics say by Rama Lakshmi
The microcredit revolution has been celebrated for helping poor women in developing countries start small businesses. By borrowing money for purchases such as a buffalo or sewing machine, the women were able to help lift their families out of poverty. But critics say the microcredit model has been perverted by commercial greed in India, with reports of abusive collection methods and sky-high interest rates. "What began as a simple, innovative model...
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