-The Hindu Chandigarh: The ruling Shiromani Akali Dal (SAD) in Punjab will launch a nation-wide protest against the Centre's proposed move to impose wealth tax on agricultural land. Describing the decision as a blow to debt-ridden farmers, media advisor to the Chief Minister Harcharan Singh Bains said here on Thursday that the SAD- BJP alliance will also launch state-wide peaceful dharnas from May 2. A decision to this effect was taken at...
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Drilling holes in the Thirst Economy-P Sainath
-The Hindu As the borewells go deeper in Maharashtra, there have been worrying instances of ‘paleo-historic storages' being breached "Only two of them work," says Badri Kharat of his borewells in Roshangaon. That's hard - when you've sunk 36 of them spending millions of rupees, as he has. Kharat, a big landowner and local political personage, has been generous to his neighbours in this village of Jalna district. He pipes in drinking...
More »Maharashtra’s manmade drought
-Live Mint Calls for govt action in case of Maharashtra should persuade even the staunchest supporters of benign govt intervention to do a rethink The drought situation in Maharashtra has attracted some amount of political attention, with the Union government announcing a Rs1,207 crore debt relief package in March. This is apart from relief measures announced by the state government. While experts have flayed the mismanagement of the situation by the...
More »India Jobs Program Scam Pays Wages to Dead Workers -Andrew MacAskill, Unni Krishnan & Tushar Dhara
-Bloomberg The corpse of Indian farmer Bengali Singh burned to ash atop a blazing funeral pyre on the banks of the river Ganges in 2006. Five years later, the dead man was recorded as being paid by India's $33 billion rural jobs program to dig an irrigation canal in Jharkhand state. Officials in his village and the surrounding region used at least 500 identities, including those of Singh, a disabled child of...
More »Kisan Credit Cards: Bad loan bubble waiting to burst?-Dinesh Unnikrishnan
-Live Mint Subsidized loans given to farmers through KCCs could very well be the next big source of NPAs for banks Mumbai: A surge in exposure to Farm Debt through Kisan Credit Cards (KCCs) could emerge as a risk for India's state-run banks, according to experts. Subsidized loans are given to farmers through KCCs by state-owned banks. Until March 2012, the outstanding amount on such loans was`1.6 trillion through 20.3 million cards, as...
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