In India, commercial banks, both public and private, are required to direct a large chunk of their net credit to designated “priority sectors” seen as having a positive impact on India’s economy, and wider society – to ensure funds flow into areas the government deems important, but might otherwise be neglected. These sectors – designated by the Reserve Bank of India – currently include broad areas of agriculture, small scale industries,...
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Farmland outsourcing
A high-level working group of the Government of India has approved the idea of outbound foreign direct investment by Indians in the production of pulses and oilseeds aimed at meeting domestic demand. This is not a new idea. Since arable land in India is fast shrinking and efforts to lift the output of pulses and oilseeds, besides some other essential commodities, are not bearing fruit, investing in land elsewhere for...
More »Guests in the city by Sreelatha Menon
The city is teeming with guests. They are migrant workers from neighbouring states who are in the city for work, for better income, for better living conditions and for everything else that makes the city attractive. They are mostly employed in the unorganised sector, as vendors, contract workers at construction sites, rickshaw-pullers or domestic workers. The city does not seem to care for them. They stumble around learning the ways of...
More »Food security: NAC snubs Pawar
The National Advisory Council, headed by Congress Party president Sonia Gandhi, may have grudgingly settled for a much less ambitious National Food Security Act than previously envisaged. But a proactive Sonia now plans to push for a full-fledged ministry of food security, carving it out of the agriculture ministry headed by NCP chief Sharad Pawar. Sources said she had been advised by stakeholders in the party and outside that the ministry of...
More »In the shadow of abuse, exploitation by Cordelia Jenkins & Malia Politzer
Bardani Logun sits on a plastic chair in the communal room of a hostel in Rohini, north Delhi, where she lives with her toddler, and speaks candidly about being beaten, abused and starved. She is one of countless young women from the tribal belt of India who have migrated to Delhi to find work as live-in maids, hoping to send their earnings back home to support impoverished families in Jharkhand, Orissa,...
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