It has been lauded as one of the most promising ways of using the market to reduce poverty and boost economies in some of the world's most deprived areas. But in recent months the work of microfinance institutions (MFIs), which provide small loans to poor people with no access to traditional banking services, has come under scrutiny after a spate of suicides in the Indian province of Andhra Pradesh was linked...
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Cotton acreage to rise 15% in Punjab, Haryana by Madhvi Sally
Farmers with irrigated fields in Punjab and Haryana will start sowing cotton in a fortnight. Agriculture department officials estimate a 10% to 15% increase in acreage this season as cotton has become more lucrative than paddy, basmati and pulses. Government's paddy procuring agencies and basmati exporters don't think that the staple's production will take a hit. "We estimate the area under cotton across the country to increase by 15% and prices will...
More »Farmers feel left out by Latha Jishnu & Jyotika Sood
The budget is more concerned about the consumer than the grower A LOOMING food crisis in the world and high food inflation rates at home made Pranab Mukherjee’s proposals to boost agriculture in his 2011 budget more keenly watched than usual. These are factors that clearly weighed with the finance minister who repeatedly said that his principal concern this year has been the continuing high food prices. The squeeze on the...
More »Tax returns expose Rs. 600-cr. illegal iron ore transactions by Bageshree S
57 lakh tonnes of ore purchased from unlicensed dealers The Department of Mines and Geology has initiated proceedings to recover Rs. 600 crore from iron ore exporters for buying a staggering 57 lakh tonnes of ore from unlicensed dealers since 2003-04. According to sources in Hospet, the scam came to light when the Department of Mines and Geology tapped the offices of the Commercial Taxes Department and verified records. It was found...
More »Left Front to focus on agriculture, industry by Ananya Dutta
Releasing the election manifesto here on Wednesday, West Bengal Left Front Committee Chairman Biman Bose said the eighth Left Front government will focus on “agriculture, industry, peace, democracy and progress,” in the State if IT returns to power. Listing the objectives of the Front in the coming five years, the manifesto states that it wants to ensure that West Bengal is one of the top-ranked States on the three parameters of...
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