The economist and political commentator who was appointed to a four-member team of the UN to recommend reforms to the global financial system critiques Budget 2010 Economist and political commentator Prabhat Patnaik, currently vice-chair of the Kerala Planning Board, is a strong critic of the government’s economic policies. In 2008, Patnaik, who has taught at JNU since the 1970s, was appointed to a four-member team of the UN to recommend...

Failure of kharif crop and mounting debts stated to be reasons  The interest rate on private loans ranges between 24 and 36 per cent The district witnessed 15 deaths in 3 days during November Sixty-nine farmers from Adilabad district committed suicide during the kharif season that lasted from August to November 2009 and the number grew to 93 by December 15, if reports from the non-governmental organisations and farmers’ associations in Andhra...

The government is likely to raise the income threshold to define the economically weaker section (EWS) to about Rs 6,000 a month from the current Rs 3,300 a month. This will increase EWS numbers by almost 40 per cent. The EWS population benefits from government housing schemes and gets softer interest rates on housing loans from state-owned banks. The move to hike the threshold is based on an internal report...

Nearly 2 lakh farmers committed suicide in India since 1997. The share of big five states accounted for 1,22,823 suicides in this 12 year period. The data compiled by the National Crime Records Bureau points out that 16,196 farmers in India ended their life in 2008. K Nagaraj, an economist, in his report Farmers' suicides in India: Magnitude, Trends and Spatial Patterns, says, "The title to land was taken as the...

Women in 65 villages of Karnal  district, Haryana, have transformed their lives through self-help groups and microcredit schemes The infant mortality and maternal mortality rates have both come down substantially 94 per cent of the women now have ante- and post-pregnancy checks Institutional deliveries rising; anaemia in pregnant women down. No girl is married off before she’s 18 Taravanti clearly remembers the time, 19 years ago, when she got married...