-Outlook Mumbai: Asking micro-lenders to look at only a "reasonable profit" to sustain their business while serving borrowers at the bottom of pyramid, RBI Governor Raghuram Rajan has said that one should not think of making a fortune while serving poorest of the poor. The comments come in sharp contrast to management guru late CK Prahalad's views in his book The Fortune at the Bottom of the Pyramid. The concept of the fortune...
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Odisha scheme for migrant construction workers from state
-IANS Bhubaneswar: The government Wednesday decided to register construction workers from Odisha employed outside the state and provide them with all the benefits available to construction workers within the state. This was decided at a meeting chaired by Odisha Chief Minister Naveen Patnaik here, said official sources. The meeting decided to extend housing Loans subject to a maximum of Rs.one lakh at an interest rate of two percent to the construction workers. The...
More »'Robbed' of loan waiver, Tulluru farmers wary of land pooling
-The Times of India VIJAYAWADA: Farmers in the proposed Andhra Pradesh capital region are putting up a strong resistance to the AP government's plans of land pooling as many of them were recently declared ineligible for farm loan waiver. According to the initial lists of beneficiaries circulated in local banks, a majority of farmers in the region were declared ineligible for loan waiver thanks to new restrictions imposed by the government. For...
More »Telangana's Shocking Statistics: 350 Farmer Suicides in Five Months South -Zoya Anna Thomas
-NDTV Hyderabad: New state Telangana's first ever Budget session begins today with some bleak statistics on the table. Nearly 350 farmers have committed suicide in the five months since the state came into being on June 2 this year. Finance Minister Etala Rajender will present the Budget in the Assembly today. The opposition will arrive in the House ready to attack the Telangana Rashtriya Samiti or TRS government on farmers'...
More »Burdened by debts, farmer suicides mark Telangana's birth -Prasad Nichenametla
-The Hindustan Times Nalgonda/Warangal: Dasari Ramulu, 45, and Polaboyina Pochaiah, 35, are two of the 348 Telangana farmers, who committed suicide since June 2 when Telangana became a state. The reasons behind their decision are not unique - crop failures due to poor rains and a nonexistent irrigation system and debt burdens. The debt-to-death arithmetic is simple: Each attempt to get water through bore wells costs Rs. 1 lakh and cotton seeds...
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