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Panda questions Maoists’ ideological moorings-K Srinivas Reddy

-The Hindu An ideological conflict over the fundamentals of the revolutionary movement has led to a minor split in the Odisha unit of the CPI (Maoist), after the party think-tank expelled senor leader Sabyasachi Panda. Panda, who has now formed the Odisha Maowadi Party (OMP), has questioned the very path of protracted people’s war by the Maoists to achieve the new democratic revolution. In letters addressed to Maoist chief Ganapathy and other...

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Social protection for food security by MS Swaminathan

Social protection has seen a sharp focus in the development policy agenda during the past decade. There is also a clear trend for making social protection, as well as food security, “rights-based”, rather than “discretionary”. Yet, no clear consensus has so far emerged concerning many basic design choices and implementation modalities. The Food Security Act 2011, which is now under the consideration of our parliament, is designed to achieve the...

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With slowing growth, people are now questioning the long-term Indian story

-The New York Times India's coalition government just celebrated the third anniversary of its tenure with a self-congratulatory banquet that could not have been more poorly timed: India's currency, the rupee, is falling; investment is down; inflation is rising; and deficits are eating away at government coffers. While short-term growth has slowed but not ground to a halt, India's problems have dampened hopes that it, along with China and other non-Western economies,...

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RBI, finance ministry differ over rural bank branches-Sangita Mehta

The Reserve Bank of India, RBI, and the finance ministry seem to have differences on the way banks should go about ensuring financial inclusion. While both the regulator and the ministry are passionate about providing banking services at low cost to the disadvantaged, a difference of opinion between the two has confused bankers.  Recently, the finance ministry told banks that every business correspondent outlet should be converted into an ultra-small branch....

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Microfinance institutions escape charge of abetting suicide of clients-M Suchitra

In 2010, Andhra Pradesh witnessed a series of suicides. These were not cases of farmers' suicides—a regular occurrence in the state which continues to be in the grip of an agrarian crisis. The victims in these cases happened to be the poorest of the poor; most of them illiterate dalits and adivasis. The first information reports (FIRs) of the police reveal that most of the suicides were due to coercive...

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