It has been the most contentious of UPA's flagship schemes for the aam admi. The government has never been sure if it wants the Forest Rights Act to really work, and Congress can't make up its mind on whether it will gain anything from the act meant to return forestlands taken away illegally from tribals and others by the government. It has been a handy tool to make some pro-tribal...
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Banks want RBI to watch MFIs
Fearing a default from Andhra Pradesh-based microfinance institutions (MFIs), whose cash flows have been disrupted by new laws, lenders have asked RBI to ensure stability by bringing the sector under its purview. In a meeting called by the Reserve Bank to discuss funding of MFIs, it asked banks whether the institutions were repaying loans on time and if the end-borrower was suffering because of the credit crunch faced by them. RBI...
More »Enslaved by tradition: the manual scavengers of Vidisha by Mahim Pratap Singh
Over 200 families in this district of Madhya Pradesh continue to bear the brunt of caste discrimination.Vidisha, a thriving trade centre of ancient India, finds glorious mention variously for Emperor Ashoka's Governorship, for featuring in Pali scriptures and Kalidasa's romantic epic Meghdoot, as a premier tourist destination in glossy brochures of Madhya Pradesh Tourism and as the parliamentary constituency of Sushma Swaraj, the Leader of the Opposition in the Lok...
More »Cheaper food keeps inflation down at 8.58%
Inflation declined marginally to a 10-month low of 8.58% in October, prompting policymakers to proclaim victory in their effort to cool prices, but economists remained sceptical saying the fight is far from over. The decline was mainly due a fall in food inflation to 14.13% from 15.71% in September and the base effect, or higher inflation of last year, data released on Monday showed. Finance Minister Pranab Mukherjee said the full impact...
More »Developmental economist Arjun Sengupta passes away
Arjun Kumar Sengupta, a developmental economist and Member of the Rajya Sabha, passed away on Sunday evening. He was 73 and is survived by his wife Jayshree Sengupta and daughter Madhura Sengupta who teaches in Canada. He has had a multi-faceted career as a academician, economic policy administrator and a Parliamentarian. “I am deeply grieved to learn about the sad demise of Dr Arjun Kumar Sengupta, Member of Parliament. He will...
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