The popular outrage over the official definition of poverty at abysmally low levels of daily income, of Rs 26 in rural areas and Rs 32 in urban areas, assumes the state will deny basic services to a household whose income is above the figure. This is totally erroneous. There is no mechanism in the hands of the government to ascertain income or expenditure to identify the 'poor' on the ground. The...

-Live Mint   The poor remain poor because they lack resources. And the formal finance sector does not want to lend them because they are too poor, costs are high and they hardly have anything to offer as collateral. That is, they are trapped in the vicious circle of poverty. This was so until the arrival of microfinance—successfully demonstrated by the Bangladesh model that the poor are “good” borrowers. It was held...

On September 18 an earthquake of the magnitude of 6.8 by the Richter scale struck Sikkim at about 6.18 pm The epicentre of the quake was located about 67 kms north-west of Gangtok—the State capital. The epicenter was located to be precise at Mangan, the headquarter, of the Sikkim North district. There were about four-to-five aftershocks of lesser intensity within five-to-six hours. Minor tremors were felt even after a few...

-Reuters Cotton farmer Ravindra Krishna Patil in Maharashtra should be feeling flush after strong monsoon rains and a good crop, but high costs have cast a pall over his preparations for the festive season. Instead of splashing out on gold jewellery, appliances or maybe even a car during the biggest shopping season of the year, 28-year-old Patil must count his rupees after costs of everything from fuel to labour soared while cotton...

The underlying assumption of the proposed Land Acquisition Bill seems that the price paid to farmers is unreasonably low due to dominant power of industrial buyers, requiring government intervention. The draft, however, may neither accelerate the pace of land acquisition for industry nor overcome the psychological barriers of landowners that impede land transfers. First, the psychological barriers that limit supply. One of the main reasons for the farmers’ (and land dependents’)...