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More cases of 'wilful' default on bank loans by farmers

-Reuters SUPALI: Two years ago, Vilas Yelmar took out a 200,000 rupee ($3,610) bank loan to develop a small grape orchard in a dusty hamlet southeast of Mumbai. The bank has repeatedly asked for the loan to be repaid, but Yelmar, whose annual income has risen to 2 million rupees, has spent the money on a new sport utility vehicle and a lavish family wedding. He is one of an increasing number...

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No sustainable development without hunger eradication

-FAO On the path to Rio+20, FAO calls for a future with both healthier people and healthier ecosystems Sustainable development cannot be realized unless hunger and malnutrition are eradicated, FAO said in a policy document prepared for the Rio+20 Summit to be held in June in Rio de Janeiro. "We cannot call development sustainable while this situation persists, while nearly one out of every seven men, women and children are left behind, victims...

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‘India’s media is the strength of the EC’-SY Quraishi

From filling in voter information gaps to catching improprieties, the media has helped keep elections fair and transparent Our knowledge and awareness of the world today is largely determined by what the media decides to inform us. The priorities that the media sets often become the priorities of the public. In our country, the executive, the legislature and the judiciary are strongly complemented by the media. No one could vouch for...

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Jobs go missing -TK Rajalakshmi

The World of Work 2012 report presents a bleak picture of the global job situation. FOUR years after the global crisis erupted in 2008, organisations such as the International Labour Organisation (ILO) believe that labour markets still have not fully recovered. The world economy is not expected to grow at a sufficient pace over the next couple of years to overcome the crisis. These organisations present some depressing facts: those...

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With slowing growth, people are now questioning the long-term Indian story

-The New York Times India's coalition government just celebrated the third anniversary of its tenure with a self-congratulatory banquet that could not have been more poorly timed: India's currency, the rupee, is falling; investment is down; inflation is rising; and deficits are eating away at government coffers. While short-term growth has slowed but not ground to a halt, India's problems have dampened hopes that it, along with China and other non-Western economies,...

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