The Bengal government is set to grant a never-before concession to developers of township projects, under which government companies will be allowed to hold and lease out land in excess of ceiling without prior permission. However, no activity other than real estate development is being allowed such flexibility despite industry complaining about difficulties involving land. “It seems the (amendment) proposal is highly lopsided. Does the government think only township development would be...
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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 »Meet lays stress on training
-The Telegraph The National Skill Development Corporation today said youths of the region need to be given the opportunity to develop skills for employment to stop migration in search of jobs. At a conclave on skill development in the Northeast here today, the corporation pointed out that between 2011 and 2021 over 14 million people would be potentially available for migration. The region will generate employment for 2.6 million persons while the supply...
More »Sitting on a land pile, government plans policy for sale, lease by Vikas Dhoot
The government, the largest owner of landed property in the country, is preparing a comprehensive land sale policy to raise revenues and check corruption in government-owned property deals. The finance ministry will shortly move a cabinet note for bringing in a new uniform policy on 'land alienation' by government agencies, with an eye on removing discretionary powers of individual ministers and bureaucrats, said a government official. In big cities, large tracts...
More »Farmers ready to pay market rates for power, demand reliable supply by Madhvi Sally & Sutanuka Ghosal
Agrarian distress and growing awareness among farmers, tired of poll-time rhetoric and freebies, may make it tougher for political parties to woo this large electorate with worn-out promises in the upcoming assembly polls. Ahead of elections in five states, including in Uttar Pradesh, the country's most populous and politically-critical state, many farmers say they are ready to pay market rates for power and other inputs provided there is reliable supply. Swarn Singh,...
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