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UP sugar mills run 'ponzi scheme' to pay farmers' dues -Anil Sasi

-The Indian Express On the surface, the sugar crisis in Uttar Pradesh may seem to be inching closer to a resolution. But cane farmers may have unwittingly mortgaged their land, signing up for crop loans from public sector banks, with the money so raised being used by the mills to pay arrears of a different set of farmers. This model, of mills rotating working capital loans from banks, to deliver pending payouts...

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Rs 1 lakh crore bad loans of corporates written off: RBI-Mayur Shetty

-The Times of India MUMBAI: Data collected by Reserve Bank of India over a period of one year blows the lid off what goes as loan classification in banks. In a presentation at the annual bankers' conference, RBI deputy governor K C Chakrabarty showed how banks have sacrificed over Rs 1 lakh crore by writing off bad loans to corporates, which is much higher than Union finance minister P Chidambaram's farm...

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Church voice in farm vs green debate-Ananthakrishnan G

-The Telegraph Thiruvananthapuram: The Centre's move to implement an ecology panel's report on conservation of the Western Ghats has provoked a call for a 48-hour civil disobedience agitation by the Catholic Church in Kerala, starting Sunday midnight. The Church claims the K. Kasturirangan report, notified on Wednesday, will hit the livelihoods of farmers living in the "high ranges" - foothill areas bordering the forests - and force them to relocate. Green activists deny...

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India and climate talks imperatives-T Jayaraman

-The Hindu India needs an early agreement, and also adequate atmospheric "space" in terms of allowed carbon emissions to pursue its development goals. It needs to take a proactive stance on this By all accounts, no dramatic developments are to be expected from the 19th edition of the Conference of Parties (COP) of the United Nations Framework Convention on Climate Change (UNFCCC) that started in Warsaw last week. But it is generally...

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Mega land acquisition by Bengal for coal blocks -Rohit Khanna & Suman Chakraborti

-The Times of India KOLKATA: The West Bengal Mineral Development & Trading Corporation Ltd will acquire around 2,800 hectares of land for three coal blocks in Burdwan, one of the largest land acquisitions by any state-run agency since Trinamool Congress came to power in Bengal in May 2011. The corporation-which has already been pulled up by the coal ministry for delay in the project's execution-needs to take 1186.83 hectares for the Ichhapur...

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