-Outlook Kochi: Reserve Bank Governor D Subbarao today ruled out introduction of Islamic banking in the country but said other methods for channelising funds based on the principles of Islamic law can be looked at. "Islamic banking is not possible", he said, adding the central bank could look at other vehicles based on Islamic banking principles to channelise NRI funds. Replying to a question on the issue, Subbarao said: "There are some legal...
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The great Africa land grab-Phil Bloomer
-Farmlandgrab.org Oxfam’s Phil Bloomer reports on the shocking scandal of (mostly) secretive land-grabbing, usually from those least able to defend their rights Land grabbing has fast become a major threat to poor communities in Africa, Asia and South America. Poverty-stricken women and men are being driven from their homes and the land they rely on to grow food to eat and make a living, usually without compensation. In many cases this is...
More »Nearly 71 per cent of Indians aged between 60 and 80 years forced to work: Survey
-IANS Nearly 71 per cent of India's elderly aged between 60 to 80 years are compelled to work, said a survey conducted by United Nation Population Fund (UNFPA) India. The survey, partnered with many other organisations, noted that 71 per cent elderly work due to economic necessity and not by choice, and that there is a close link between current work participation and poverty and illiteracy. The survey was done in seven...
More »From plastic portable loos to Sanitary Bonds, India needs a latrine policy-V Raghunathan
-The Economic Times After Mahatma Gandhi, Jairam Ramesh is the only national leader to be genuinely concerned that 65 years after Independence, some 600 million Indians in the 21st century continue to use open skies as their latrines. While Lee Kuan Yew continues to exhort Singaporeans to have cleaner loos, our ministry of railways thinks depositing human excreta all along the country's length and breadth, including deep into the cities -...
More »Foreign investment in developing countries must involve local farmers to succeed – UN
-The United Nations International investments must give local farmers and active role and leave them in control of their land if they are to have a positive effect on the host country’s economy and advance development, according to a report released today by the United Nations food agency. Produced by the UN Food and Agriculture Organization (FAO), the report – Trends and Impacts of Foreign Investment in Developing Country Agriculture – emphasizes...
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