-The Pioneer Chief Minister Shivraj Singh Chouhan here on Saturday announced that farmers in the State will get interest-free loans. After ending his 24-hour fast observed to protest the hike in fertiliser prices over the last one year, Chief Minister Shivraj Singh Chouhan told mediapersons, “This zero per cent rate of interest would be applicable for loans given to farmers since April 1 this year.” When the Congress was in power, farmers used...

RANWAN, India — In this north Indian village, workers recently dismantled stacks of burned and mildewed rice while flies swarmed nearby over spoiled wheat. Local residents said the rice crop had been sitting along the side of a highway for several years and was now being sent to a distillery to be turned into liquor. Just 180 miles to the south, in a slum on the outskirts of New Delhi, Leela...

India Inc. was aghast at the recent report of a parliamentary committee that recommended that a new draft land acquisition law limit occasions when the government may intervene to acquire land for use by private firms. But in a paper published in the Economic and Political Weekly last month, Delhi University economics professor Ram Singh laid out data that supports the committee’s recommendations. Mr. Singh argues that government-driven land acquisition is generally...

Bihar, which was synonymous with poverty, has emerged as the fastest growing state for the second year running, clocking a scorching 13.1% growth in 2011-12. Not just that, on the back of four years of double-digit growth, its economy is now bigger than that of Punjab—until recently the preferred destination of Bihari migrant workers. Among the top five states, Bihar is followed by Delhi and Puducherry. Mineral-rich Chhattisgarh, which many had...

-Reuters SUPALI: Two years ago, Vilas Yelmar took out a 200,000 rupee ($3,610) bank loan to develop a small grape orchard in a dusty hamlet southeast of Mumbai. The bank has repeatedly asked for the loan to be repaid, but Yelmar, whose annual income has risen to 2 million rupees, has spent the money on a new sport utility vehicle and a lavish family wedding. He is one of an increasing number...