-People’s Democracy In the last week of February, a panel set up by the WTO’s Dispute Settlement Body ruled against India on a complaint by the US in early 2013 that India’s Domestic Content Requirement (DCR) for some solar power projects violated WTO prohibitions on measures that result in “less favourable treatment” of international trade partners. The panel was ruling on an appeal by India in response to the original injunction...
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Budget 2016-17: Terrible Let-down for Indian Farmers
-Press Note on Union Budget 2016-17 from Swaraj Abhiyan The farmers of India needed and expected a big deal from this year’s budget – they needed it because it is a time of unprecedented consecutive years of drought, and rising farmer suicides; they expected it because the Prime Minister and the government indicated that major pro-farmer steps would be announced in the Budget. The Budget presented by Finance Minister today is...
More »Pro-Farmer? It’s Just An Eye-Wash: Read NAPM’s Critique Of The Budget-2016
-Press Release from National Alliance of People’s Movements (NAPM) Government Running away from Responsibility: Pushing Farmers on edges Overlooked the need of majority of population, catering to few Political ‘Jumlas’ continues, ditching farmers once again under the garb of corporate regime; reduced responsibilities of public sector In recent times, announcement of the Union budget seems to be becoming a futile exercise, even with all the publicity and hype associated with it. We...
More »SC asks RBI for details of firms that have defaulted on loans of over Rs 500 crore -Shreeja Sen
-Livemint.com The Supreme Court has asked RBI to submit the information within six weeks New Delhi: The Supreme Court (SC) on Tuesday asked the Reserve Bank of India (RBI) to furnish details of companies that have defaulted on loans amounting to more than Rs.500 crore in sealed covers within six weeks. The court made the central bank a party to a 2005 case related to bad loans advanced to a few companies...
More »Nabard thinks Mumbai needs 50% of agri loans -Alok Deshpande
-The Hindu The fact that a megapolis, and not the drought-affected areas of Maharashtra, is the biggest beneficiary, has angered many Bristling with glass towers and commercial districts, Mumbai is unquestionably the financial capital of India. The most greenery an average Mumbaikar can hope to grow is a few herbs in window flower-pots. Which is why it seems strange that the city will be the biggest beneficiary of agriculture loans, as projected by...
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