Apni kheti, apna khaad / Apna beej, apna swaad (Our own farm, our own fertiliser / Our own seeds, our own taste) -- Prakash Singh Raghuvanshi. A farmer from Tandia village in Varanasi has a solution to India's burgeoning food crisis. In a land where poverty, hunger, malnutrition and farmer suicides are rampant, Prakash Singh Raghuvanshi's innovation could work wonders. He has single-handedly developed a number of high yielding, nutritious...
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Banks may find it tough to ensure microfinance companies don’t charge high rates
Banks will have to put in place a mechanism to verify that microfinance institutes (MFI) they finance do not charge exorbitant rates to the final borrowers. The finance ministry has asked banks to ensure that MFIs, whom banks are financing, do not lend at rates more than 24% — all inclusive rates — to the ultimate borrowers. Some banks have recently inserted a clause while lending to MFIs that they...
More »Rural India goes urban by Rajesh Shukla
Most discussions on the National Rural Employment Guarantee Act (NREGA) have focused on one of few things, the leakages in the implementation of the scheme, the inadequate number of jobs created, and some even talk of how NREGA has resulted in food inflation going up in various districts as well as increasing mechanisation due to unavailability of farm labour. It is, of course, true that you can’t have food inflation...
More »Farmers from across state join indefinite strike
Mohali/Chandigarh: *Govt refuses to give into concession demands*Deputy CM says demands unjustified*Balbir Singh Rajewal sits on hunger strike Even as the farmers from across the state on Monday launched an indefinite agitation to mount pressure on the state government to accept their demands — for a financial package to farmers and waiver of electricity bills—¿ the Punjab government refused to accept any of them. Hundreds of farmers from across the state descended...
More »Industrializing India leaves little room for farmers by CJ Kuncheria
Jagdishji Vaghela is one of hundreds of thousands of farmers standing in the way of India's breakneck economic expansion. Determined not to give up his land for an industrial park in the western state of Gujarat, the 55-year-old farmer scorns at talk of how the benefits of industrialization in Asia's third-largest economy will trickle down to people like him. Despite a nearby plant producing what is touted as the world's cheapest car,...
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