The government on Tuesday approved a a proposal to draw a loan of $100 million (about Rs 450 crore) from the World Bank to promote microfinance in the country. The Cabinet Committee on Economic Affairs (CCEA) cleared the proposal for on-lending to the Small Industries Development Bank of India (Sidbi), which -- in turn -- would disburse the funds to the microfinance sector. “The fund will be used to promote responsible and...

Tamil Nadu has been highly successful in implementing the concept of Industrial Facilitation Council, which helps small units address the problem of payment default by their clients and get back their dues, according to G. Sundaramurthi, Industries Commissioner and Director of Industries and Commerce, Speaking to journalists here on Friday, he said that Tamil Nadu's achievements in implementing this concept were recognised nationally. In a recent meeting of Industry Ministers of...

In the cotton fields of Vidarbha in central India, grief is a constant companion. Wherever you turn, there are heart-breaking stories of suicide. In the village of Mangi, friends and family are preparing the body of Laxman Tekam for burial. Women are wailing and men have tears streaming down their cheeks. Laxman was a cotton farmer who hanged himself from the roof beam of his small house after his debts...

Biodiversity drives sustainable and climate-resilient farming and the biotechnology industry. Everything should be done to spread bio-literacy for an era of bio-happiness in rural and urban India through the conversion of bio-resources into jobs and income.  Biodiversity provides building blocks for sustainable food, health and livelihood security systems. It is the feedstock for the biotechnology industry and a climate-resilient farming system. Given its importance, a Convention on Biological Diversity (CBD)...

In India peasantry is under assault. There is a five-pronged attack on this class and the mighty Indian state is sometimes an active and sometimes a passive abettor. The first point of attack is from the corporate sector. The corporate sector is in a land grab mode. Though not justified, one could understand their urge to get land for industry and real estate purposes. Not that they are causing aggressive...