-Frontline The problem in rural India is not one of too much credit to poor households that leads to debt waivers that damage bank balance sheets, but one of inadequate access to credit from formal sources. IF Reserve Bank of India Governor Raghuram Rajan is to be believed, efforts to help Indian farmers by providing them with cheap(er) credit and relieving them of an unsustainable debt burden only harms them in the...

-The Hindu Business Line Its bold labour reforms are a trendsetter, lending impetus to the ‘Make in India' initiative With ‘Make in India' taking centrestage in India's plan to position itself on a high growth track, far-reaching reforms in the labour, tax and land laws hold the key to the government's ambitions. The abundance of workers is undoubtedly India's biggest asset for its emergence as a preferred manufacturing destination. While the Centre has initiated...

-The Times of India KOLKATA: The fragile Sundarbans region stared at an ecological nightmare after a vessel carrying 350 tonnes of oil crashed, spilling the toxic liquid over an 80-sq-km area along the Sela river in Bangladesh and threatening a sanctuary of rare Irrawaddy and Ganges dolphins. The site, near Mongla port, is about 100km from the Kolkata port and Indian officials are on alert over the possibility of the oil slick...

-The Business Standard The Narendra Modi-led National Democratic Alliance (NDA) government, like its United Progressive Alliance (UPA) predecessor, seems to be failing on suo motu disclosures under the Right to Information Act (RTI). The department of personnel & training (DoPT) had last month issued an official memorandum directing all central ministries and departments to upload replies to RTI applications and first appeals on their respective websites from October 31. This had...

-Outlook India To the social subsidy whiners, please check corporate write-offs column The TV anchor asked eagerly of Arun Jaitley whether he would take hard decisions or, in the case of a bad drought, revert to loan waivers and (obviously wasteful) subsidies. The finance minister replied that it depended on the situation as it unfolded but he hoped he wouldn't have to return to such steps. "We hope so too," said...