-Frontline The problem in rural India is not one of too much credit to poor households that leads to debt waivers that damage bank balance sheets, but one of inadequate access to credit from formal sources. IF Reserve Bank of India Governor Raghuram Rajan is to be believed, efforts to help Indian farmers by providing them with cheap(er) credit and relieving them of an unsustainable debt burden only harms them in the...

-Frontline SHUBHANKAR DAM, Assistant Professor of Law at Singapore Management University School of Law, is the author of Presidential Legislation in India: The Law and Practice of Ordinances (Cambridge University Press, 2014), which has received wide acclaim among scholars of constitutional law. Against the backdrop of his insightful critique on the necessity of ordinances in a democracy, Professor Dam discusses in this interview the recent controversy triggered by the Bharatiya Janata...

-IPS News NAGAPATNAM, India - Standing amidst his lush green paddy fields in Nagapatnam, a coastal district in the southern Indian state of Tamil Nadu, a farmer named Ramajayam remembers how a single wave changed his entire life. The simple farmer was one of thousands whose agricultural lands were destroyed by the 2004 Asian tsunami, as massive volumes of saltwater and metre-high piles of sea slush inundated these fertile fields in the...

-The Indian Express Thefts from the public distribution system (PDS) are consistently rising and, according to the latest data for FY12, were a little over Rs 48,000 crore - or roughly the same as the median loss estimated by the CAG for the telecom scam of 2008. Just that unlike the 2G scam, the PDS theft happens every year. And its value rises as the costs of wheat and rice go up...

-The Hindu For the land-acquirer, the land act ordinance tries to lessen the indirect price of acquisition and transaction by diluting requirements for social impact assessments and referenda. For the land-loser, it not only retains all forms of compensation and rehabilitation, but also grows the number of those eligible for lucrative pay-offs The government of India continues to search for the right way to do land acquisition. Last week, the Union Finance...