‘Break the nexus between builders and politicians' 'Land being grabbed from poor through malpractices' Social activist Medha Patkar and over 50 others were detained for some time by the police here on Tuesday after they barged into the Adarsh housing society and staged a protest, demanding the demolition of the building and the scrapping of Rule 3K under the Maharashtra Slum Act. “Adarsh is the symbol of their paradigm of development. They don't...

Billions of dollars are being made by investors in a speculative "food bubble" that's created record food prices, starving millions and destabilising countries, experts now conclude. Wall Street investment firms and banks, along with their kin in London and Europe, were responsible for the technology dot-com bubble, the stock market bubble, and the recent U.S. and UK housing bubbles. They extracted enormous profits and their bonuses before the inevitable collapse of...

A generally beleaguered microfinance industry was eagerly waiting for Yezdi Malegam for deliverance. Any conversation about the microfinance business would end with the expectation that the Malegam committee would deliver a healthy dose of oxygen to the choking microfinance industry. The report was expected to be the panacea for all that ails microfinance in India. The report, which came out on Monday, disappoints not only in its inability to meet these...

The past several months have seen much tumult. From the Commonwealth Games (CWG) to 2G, with garnishing from the Adarsh housing cooperative and the loan fraud, all have provided high octane fodder to Indian politics and the media. However, since the last week of December 2010, another element has intruded into the political/media space, and that is the rising prices of vegetables. Vegetable prices show a seasonal variation, with prices dropping...

The National Bank for Agriculture and Rurual Development (NABARD) will pay greater focus on financing through 'Joint Liability Groups' (JLs) in Kerala as it is found more effective way of priority sector lending. JLs are informal groups of even 4-10 individuals joining together for the purpose of availing bank loans through group mechanisms against mutual guarantee. According to NABARD's State Credit Plan 2011-12, financial inclusion through JLGs would be deepened in partnerships...