Norway says it is examining reports that Nobel Peace Laureate Muhammad Yunus allegedly diverted millions of dollars of aid money from a bank. International Development Minister Erik Solheim said that it was "totally unacceptable that aid is used for other purposes than intended". A documentary maker has alleged that cash was diverted from Professor Yunus' Grameen Bank to other parts of Grameen. In a statement, the bank said that the allegations were false. It...

The cotton growers of Vidarbha, who are suffering immensely due to the prevailing agrarian crisis, staged candlelight protests ahead of US President Barack Obama's India visit on Friday. The protests, held under the banner of the Vidarbha Jan Andolan Samiti — a pressure group which has been documenting distressed farmers' suicides — sought to draw his attention to the plight of the region's agriculture sector caused by 'American policies'. The main event...

Farmers from Vidarbha and Marathwada regions will hold Maharashtra's first 'Kapus Parishad' (Cotton Conclave) here Oct 26 where they will demand higher prices for cotton, an activist said here Sunday. Organised by NGO Vidarbha Jan Andolan Samiti (VJAS), the conference will seek the government's intervention in increasing the prices of raw cotton from the minimum support price (MSP) of Rs.3,000 per quintal to Rs.4,500 per quintal. 'Cotton is the biggest cash crop...

Public uproar over 20 suicides in two months has forced the Andhra Pradesh government to act to regulate micro-finance institutions. On October 14, the state government brought an ordinance making it compulsory for MFIs to register themselves, declare the effective rate of interest they charge, ensure that no security is sought for loans and no coercion is used for recovery. Non-compliance will be punished with a three-year prison term and a...

“Punjab has suffered only debt, serious illnesses and polluted and scanty water sources” Appealing to the farmers and policy-makers to not emulate the Punjab model of Green Revolution, some farmers from Punjab said here on Sunday that the revolution had completely ruined the State. “Punjab is now called the cancer capital of India. The Green Revolution has given farmers only three things: debt, serious illnesses and polluted and scanty water sources,”...