-Live Mint Cabinet clears proposal to give loans at 7% interest rate, and 4% if SHGs repay loans within the stipulated period The federal cabinet has cleared a proposal to give loans to women self-help groups (SHGs) at 7% interest rate, cheaper than the existing 11.5-14%, bringing the cost of loans on a par with those given to farmers. SHGs that repay loans within the stipulated period will be eligible for loans at...
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Karnataka polls: Do richer candidates do better?- Karthik Shashidhar
-Live Mint Data from the 2008 Karnataka polls and the 2009 Lok Sabha elections reveal a small positive correlation Ever since the Association for Democratic Reforms (ADR) published its report on assets of candidates for the forthcoming assembly elections in Karnataka, there has been significant outrage in the mainstream media about the significant increase in declared assets of candidates who had also contested in 2008. Given this background, we thought it might...
More »Strong medicine for poor countries-Nayanima Basu
-The Business Standard The Novartis verdict by the Supreme Court emphasised the importance of flexibilities in drug patent laws, in contrast to Western countries which are seeking TRIPS-plus hardening through free-trade agreements As curtains on the six-year-long legal tussle with Swiss drug giant Novartis AG finally came down earlier this month, the Indian government did not waste a second in hailing the Indian patent law which it said was in "full...
More »Akalis to protest wealth tax on agricultural land
-The Hindu Chandigarh: The ruling Shiromani Akali Dal (SAD) in Punjab will launch a nation-wide protest against the Centre's proposed move to impose wealth tax on agricultural land. Describing the decision as a blow to debt-ridden farmers, media advisor to the Chief Minister Harcharan Singh Bains said here on Thursday that the SAD- BJP alliance will also launch state-wide peaceful dharnas from May 2. A decision to this effect was taken at...
More »Rural job scheme did little to raise farm wages: CACP-Sanjeeb Mukherjee
-The Business Standard Overall GDP growth, farm growth has more impact on increasing real farm wages than MGNREGS Even as the United Progressive Alliance government is touting the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) as its biggest step for the uplift of the rural poor, a discussion paper floated by the Commission for Agricultural Costs and Prices (CACP) suggests compared to this scheme, growth in overall gross domestic product, agriculture...
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