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‘Poor in India are ethical... we must lend more to the poor’

-ENS Economic Bureau At a time when companies such as Kingfisher Airlines and Suzlon Energy have defaulted on bank loans, finance minister P Chidambaram on Tuesday made a strong pitch for individual borrowers with low income, asking banks and financial institutions to not hesitate in giving loans to them. “The poor in India are not bad borrowers. The poor in India are not dishonest borrowers. The poor in India are ethical, honest...

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No hope of a life of dignity for these bonded labourers -Bindu Shajan Perappadan

-The Hindu Patiala (Punjab): It is an illegal but accepted practice here to employ agricultural labourers and their family against a loan The blaring gurdwara loudspeakers at Punjab’s Gandav village confirmed the worst fears of Jasbir Kaur. They were announcing that the recently-widowed young woman would lose the one-room shed she calls home if she was unable to pay back the Rs. 80,000 her husband had borrowed from the village landowner. With...

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In the public interest-Apar Gupta

-The Indian Express Recently, the prime minister raised concerns about RTI applications encroaching on the right to privacy. At this juncture, it may be worth remembering the case of “Auto Shankar” and his diary. About 20 years ago, an auto driver called Gauri Shankar, who had murdered more than six teenage girls, was convicted and sentenced to death. Before the appeals process was exhausted, he started writing a diary, which was...

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A 777-day-old farmers’ protest against power plant -Omar Rashid

-The Hindu Farmers’ protest against the proposed 1,980-MW power plant in the trans-Yamuna Karchhna tehsil of Allahabad district entered its 777th day on Tuesday. While the district administration recently served a month’s ultimatum on the farmers to return the compensation they had received for land acquisition, the farmers told The Hindu that they would not be able to repay the amount, regardless of the ultimatum. Meanwhile, they say they will continue agitating at...

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FDI in Retail: A Low-down on the Falsehood over an Exclusionary Policy-Kamal Nayan Kabra

-Mainstream Weekly Intense and motivated propaganda, powerful national and international diplomatic pressure, verging on pure and simple arms-twisting of the kind the Third World has been facing for decades by means of the active role of the econo-mic hit-men in the policy establishments, huge cash-back lobbying, both in India and abroad, blunt attempts to bamboozle the persons holding key positions in India’s policy establishment through a combination of hissing and kissing...

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