-The Hindu One of the most prominent features of India’s middle-class-driven public culture has been an obsession about our GDP growth rate, and a facile equation of that number with a sense of national achievement or impending arrival into affluence. In media headlines, political speeches, and everyday conversations, the GDP growth rate number — whether it is five per cent or eight per cent or whatever — has become a staple...
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NABARD scraps controversial scheme for corporate warehousing -Shalini Singh
-The Hindu The National Bank for Agriculture and Rural Development (NABARD), whose funding of corporate warehousing projects on terms far softer than those offered to poor and often suicidal farmers was highlighted by The Hindu last month, has withdrawn its controversial scheme with retrospective effect under pressure from the Reserve Bank of India. The minutes of a meeting of the sub-committee of the NABARD Board held last month confirm that the RBI...
More »IAY builds houses–for middlemen, not the needy -Pankaj Kumar
-Governance Now Villagers say they had to pay Rs 5,000-10,000 to get selected for the housing scheme Nalanda: Once again I paid a visit to Ravidas Tola neighbourhood in Maghra village of Biharsherif Block. Ravidas is a community that is classified as mahadalit, the most marginalized of the marginalized lot. It was early in the morning, and most people were in a rush as if in hurry to reach office. I stopped...
More »Gujarat assembly now a crorepati club
-The Times of India AHMEDABAD: The 13th Gujarat assembly, which is meeting for the first time on Tuesday, is the No. 1 crorepati club. While the present Lok Sabha has 58 per cent crorepati MPs and the Rajya Sabha 65 per cent, the state assembly has 74 per cent, or 134 of the 182 MLAs have assets of Rs 1 crore or more. The last state assembly constituted in 2007, had...
More »Business by other means -Ajoy Ashirwad Mahaprashasta
-Frontine Walmart’s disclosure that it spent huge amounts of money on lobbying in India and the allegation that it entered the retail sector through indirect means highlight the power of global capital in dictating the country’s policies. The world’s largest multi-brand retailer Walmart’s disclosure to the United States Senate that it had spent $25 million (Rs.135 crore) since 2008 on its various lobbying activities, which include enhancing access to the Indian...
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