-The Hindu Business Line Both Andhra Pradesh and Telangana have reneged on loan waiver promises. When Messrs Chandrababu Naidu and K Chandrasekhar Rao, chief ministers of Andhra Pradesh and Telangana respectively, promised to waive farm loans, there was no reason to distrust them. The Election Commission clearly directed the politicians not to make any promises that could not be implemented. They thought all the farm loans would be written off once they formed...

-The Indian Express Oorugonda/ Warangal: Twenty -two kilometres from Warangal, a narrow road from National Highway 202 leads to Oorugonda, a village of around a thousand farmers in Atmakur mandal. An eerie silence hangs around it, with a few middle-aged men sitting under a tree looking up inquisitively at visitors. They are not done grieving for 40-year-old Modanti Krishnamma. Last week, she killed herself after the cotton crop she and her husband...

-Outlook Mumbai: Asking micro-lenders to look at only a "reasonable profit" to sustain their business while serving borrowers at the bottom of pyramid, RBI Governor Raghuram Rajan has said that one should not think of making a fortune while serving poorest of the poor. The comments come in sharp contrast to management guru late CK Prahalad's views in his book The Fortune at the Bottom of the Pyramid. The concept of the fortune...

-Down to Earth The government is clueless about incentives it has promised under its Pradhan Mantri Jan Dhan Yojana to bring every family under the formal banking system ON AUGUST 15, when Prime Minister Narendra Modi announced extending the financial inclusion plan of the former UPA government and renamed it Pradhan Mantri Jan Dhan Yojana (PMJDY), he was well aware of its limitations. Though launched in 2010, the plan had miserably failed...

-The Indian Express We want Prime Minister Narendra Modi to succeed in his national campaign to tackle the vast problems of the poor in Bharat. But his one-time contractor turned Union minister for rural development is succeeding in making his own prime minister look contradictory and indecisive to the nation and the world. The prime minister talks about constructing toilets and improving sanitation, opening bank accounts for every poor, excluded family,...