A war of words has broken out between the state government on the one hand and Union Ministry of Environment and Forests (MoEF) and Ministry of Tribal Affairs (MoTA) on the other over processing land ownership claims of tribals as per provisions of the Forests Rights Act, 2006. In a report, a committee comprising officials from the two union ministries said lower-rung officials in the state have no clear understanding of...
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NABARD to stream micro credit through grass root groups
The National Bank for Agriculture and Rurual Development (NABARD) will pay greater focus on financing through 'Joint Liability Groups' (JLs) in Kerala as it is found more effective way of priority sector lending. JLs are informal groups of even 4-10 individuals joining together for the purpose of availing bank loans through group mechanisms against mutual guarantee. According to NABARD's State Credit Plan 2011-12, financial inclusion through JLGs would be deepened in partnerships...
More »India Journal: Why Vedanta Lost and Posco Looks Like a Winner by Rupa Subramanya Dehejia
Two large industrial projects, one poor state, two likely different outcomes — and a long-haired, flamboyant environment minister-turned-crusader starring in both. No, this is not your latest blockbuster but it has the makings of one. As reported Monday, Posco, the South Korean steelmaker, cleared a major regulatory hurdle in its bid for a massive steel project in Orissa. An environment ministry panel gave clearance for an initial steel production capacity of...
More »Private schools shy away from implementing RTE provisions by Shoeb Khan
It came as a rude shock for parents of economically weaker sections (EWS) whose wards were denied admission under the Right to Education Act, which guarantees 25% reservation in schools at entry level. Most schools don't seem inclined to implement the provisions of the RTE Act as the state government has failed to frame rules in this regard. A few schools are not even accepting the forms under this category,...
More »SHG-bank linkage in Tamil Nadu second after AP by TE Narasimhan
Tamil Nadu has become the second largest state after Andhra Pradesh in the self-help group (SHG)-bank linkage programme launched by the National Bank for Agriculture and Rural Development (Nabard). In the state, 209,197 SHGs were credit linked with a financial assistance of Rs 2,791.65 crore in 2009-10, taking the cumulative number of SHGs credit linked to 852,791 (including repeat doses) with a bank loan of Rs 9,394.70 crore. Nabard said that a...
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