At a time when the flow of institutional credit has tended to look up, pointing to economic recovery, the disbursal of agricultural credit has dipped by an astonishing 30 per cent, putting the prospects of recovery in the drought-ravaged farm sector in jeopardy. The numbers released by the National Bank for Agriculture and Rural Development (Nabard) indicate that both commercial banks and cooperative credit outlets are lagging behind their targets...

Erratic power supply, poverty bane of Marathwada region  About four lakh people migrate every year to work as sugarcane cutters Sugar factories contribute to water scarcity DHAITANA (Beed district): The Assembly elections are not the reason for excitement in this village located in the backward Marathwada region of Maharashtra. It’s water. In the afternoon heat, women and children are running towards the only source of water located outside sarpanch Achyut Gangane’s house....

The procurement of rice for distribution under the proposed Right to Food scheme has renewed the fears of irreversible depletion of water table in India’s grain producing regions. It is feared that unless more scientific and progressive methods of rice cultivation are used, the otherwise welcome scheme would lead to more sowing of summer paddy leading to more injudicious water use and further soil degradation. Many rural NGOs and agricultural...

The spectre of inflation has returned to haunt India. It is not even six months since the United Progressive Alliance (UPA) government returned to power but its inability to control food prices is arguably its single biggest failure till now. The inflation rate will eventually come down sometime in the (hopefully) not-too-distant future and the government will surely take credit for bringing prices down as and when that happens. But...

Did we just miss a major opportunity? For short while, it seemed that the global financial crisis would focus minds on what is wrong with the current economic growth model and how we can go about changing it. Unfortunately, that moment seems to have passed, at least until the next crisis comes along (which, in current trends, will not be long, since all the major forces that led to the...