Here’s a “growth story” that Standard and Poor’s missed: a piece of official statistics shows good old India has grown — literally. Over 5,000sqkm of wasteland has been converted into “net” usable terrain between 2005 and 2008, according to the Wasteland Atlas of India that was released today. Even Bengal, pilloried for profligacy and other wasteful pastimes, has done its modest bit to transform wasteland. But the big battles against barren land...
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Small farmers still excluded from formal financial channels
-The Economic Times Small and marginal farmers who constitute more than 80% of total farmer households in the country face exclusion from formal financial channels," says the Nair Committee on priority sector lending. The same report says "commercial banks have been prescribed targets since late 1960s for priority sector lending". The banking system failed the farmers and the needy despite nationalisation, but is there a viable model that could help the millions...
More »Land for landed by NC Saxena
The 12th Plan Approach Paper looks upon land more as raw material for mining and industrialisation than as a source of livelihood for the poor. DESPITE a fast economic growth, more than 60 per cent of the population of India is still dependent on land. The 12th Plan Approach Paper, however, looks upon land not as a source of livelihood for the poor but as raw material for mining and industrialisation....
More »India to support removal of food export curbs at Fund-Bank meet
-The Hindu India will support the removal of food export restrictions for humanitarian purposes during the annual meeting of the International Monetary Fund (IMF) and World Bank in Washington later this week. The Finance Minister, Mr Pranab Mukherjee, will attend the two-day meeting on September 23-24. According to the agenda note prepared for the meeting, India has welcomed the recommendations of the Development Working Group (DWG) of the Agriculture ministerial. One of these...
More »The Wanton Sins Of The Soil by Lola Nayar
Bellary is only the tip of the rotting earthmound. Can a new proposed legislation clear the air? Two years ago, when the ministry of mines decided to use satellite imaging to survey projects, it unearthed several “unusual activities” across the country. “The amount of mining done and material being exported didn’t match in areas where certain companies had been given licences,” recounts a former senior bureaucrat with the mines ministry....
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