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NABARD now offers loans to corporate sector-Nagesh Prabhu

-The Hindu Bangalore: In a major shift in its lending practice, the National Bank for Agriculture and Rural Development (NABARD) has opened a lending window to the corporate sector for construction of warehouses and creation of cold storages and cold chains. NABARD had only been granting soft loans to State governments for social sector projects. Speaking to The Hindu on Monday, G.R. Chintala, Chief General Manager (CGM), Regional Office, Bangalore, said it was...

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CM sows what Buddha couldn’t reap -Pranesh Sarkar

-The Telegraph Kolkata: The Mamata Banerjee government today announced a scheme to allow big private investors to directly procure farm produce - a segment that Buddhadeb Bhattacharjee could not liberate from the stranglehold of the Forward Bloc. The scheme titled Brihat Krishak Bazar Yojana, which loosely translates into mega farmer market programme, seeks to "connect the local market to high-growth demand centres" and weed out middlemen. The project will allow private developers to...

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Finances are already open, says Left-Aarti Dhar

-The Hindu The Left parties have always maintained that the financial statements and accounts of a political party should be made publicly available, and hence strongly rejected the order of the Central Information Commission (CIC) that sought to bring six national parties under the purview of the Right to Information Act, 2005. Disputing the CIC's argument that parties were public authorities, Prakash Karat, general secretary of the Communist Party of India (Marxist),...

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Vedanta rejection at Niyamgiri won't be the last; jinx of bauxite mining may continue -Meera Mohanty

-The Economic Times When the voting stops on August 19, the scorecard, which is currently 9-0, may well read 12-0. An emphatic and embarrassing rejection of state and corporate plans to mine bauxite atop the Niyam Dongar hilltop in the Kalahandi district of Odisha. Twelve tribal villages that call this mountain range home have, in all likelihood, secured their religious rights over the hill and its natural resources, including 72 million...

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Aruna Roy to oppose RTI amendment

-The Times of India JAIPUR: Social activist Aruna Roy and Mazdoor Kisan Shakti Sangathan activist Nikhil Dey have announced a daylong protest on August 6 at Jantar Mantar in New Delhi against the proposed amendment of RTI Act to keep political parties out of its ambit. Roy demanded that all political parties spell out their stand in public on the proposed amendment before the commencement of monsoon session on August 6. "None...

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