West Bengal Industries Minister Nirupam Sen said here on Thursday that a unique comprehensive rehabilitation package for land-losers has been formulated and will be put in place in areas where industrial units are to come up. At an event where “letters of allotment” and “permissive possession certificates” were handed over to 13 investors for setting up units in south Bengal on a total of 1210.76 acres of land acquired by the...
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Bengal farmers to get 3 cottahs for every acre acquired by Sabyasachi Bandopadhyay
Farmers in West Bengal whose land will be acquired will now get three cottahs of developed land for commercial purpose for every acre of land. This will be in addition to a compensation based on market rate. Even before the Central government came up with a fresh land acquisition Act and rehabilitation policy, the West Bengal government on Thursday announced its new rehabilitation package for the state’s farmers. Commerce and Industries...
More »Lessons for micro-finance from 2010 by Subir Roy
The year 2010 was a tumultuous one for micro-finance institutions (MFIs) in India. It began with the highly successful SKS Microfinance public issue, which prompted other prominent MFIs to announce similar plans. It ended with the tumult in Andhra Pradesh which was marked by the state’s legislation to regulate the sector, severely impairing its ability to survive. MFI recoveries are down and they, in turn, have fallen behind in their...
More »Manmohan favours hike in MNREGA wages by K Balchand
Turns down Sonia's proposal for statutory minimum wages The battle for statutory minimum wages under the Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA) seems to be on a slippery ground with Prime Minister Manmohan Singh indicating that the government could at best cover inflation-induced erosion of wages. In his December 31, 2010 letter, Dr. Singh has turned down the proposal of National Advisory Council chairperson Sonia Gandhi to pay MNREGA workers...
More »Tatas weighing options on Singur comeback? by Falguni Banerjee
Two years after the Tatas moved out of the Nano compound in Bengal, Singur is all set to return to the forefront of a political tug-of-war next week. CM Buddhadeb Bhattacharjee will address a public meeting in the area on January 9 and Trinamool Congress will follow suit a few days later. However on the ground, the defiance has mellowed to a murmur. Landowners have given up hope of getting their...
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