The CPI(M) today said the government has "no mandate" to negotiate the Indo-European Union Free Trade Agreement (FTA) without consulting Parliament and political parties as it would adversely affect the economy and large sections of the people. Maintaining that negotiations on FTA "till date have been conducted under a veil of secrecy", it claimed that the Government has in the past signed agreements that "affect large sections of the people adversely...

‘Government does not have mandate to conduct parleys without discussion'Several areas of concerns in texts being negotiated for the India-EU FTAThe Communist Party of India (Marxist) on Saturday expressed concern over the “veil of secrecy” around negotiations for the India-European Union Free Trade Agreement (FTA), and re-emphasised that the Manmohan Singh government did not have the mandate to conduct parleys on it without discussion within the country.Referring to the EU...

A parliamentary committee has asked the government to consider incentivising private players to set up grain storage facilities as it prepares to implement the right to food. The government will require around 620 lakh tonnes of foodgrain annually to implement the food security law. The official procurement stood at 539.75 lakh tonnes in the recent marketing year. “(The) government should provide soft loans at affordable rates and subsidies to private players to...

The SKS IPO and the Andhra Pradesh ordinance have suddenly changed everything. Will it be the death knell or will it usher in a reformed and healthy industry? There are three basic facts about micro-finance in India. First, most of what is described as micro-finance industry is actually micro-loans. There is hardly any provision of micro-savings, micro-investments, micro-insurance or micro-pensions. This is mostly because of regulatory reasons, i.e. accepting money...

The microfinance bubble has burst. The AP government ordinance, the AP oppositionfs campaign asking borrowers not to repay and the sheer public hostility towards MFIs . all these have put the brakes on MFI activities for now. We need to rethink the role of MFIs in the rural economy . In order to do so, we must first grasp some of the myths on which the MFI sector has rested...