August is usually the preferred month for family holidays in Europe, because of abundant sunshine and warm weather. In India, normally, this is the south-west monsoon season and a busy period for farmers. This year, however, several farm families in coastal Andhra Pradesh, the rice bowl of the country, are reported to have declared ‘crop holiday’. This is because the rice mills have not been lifting even last years’ crop....
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MFIs: Still in the doldrums by Shruti Sarma
MFIs in Andhra Pradesh are paying for the sins of their past. Market for new loans has dried up, banks have turned off their spigots while the AP government is content to sit back and watch. It has been eleven months since the Andhra Pradesh government issued an ordinance—later converted into the Andhra Pradesh Micro-Finance Institutions (Regulation of Money Lending) Act—which, the microfinance industry hoped, would be the magic remedy that...
More »Some 45 million Indians rose above $1.25 a day: Report
-IANS Nearly nine million Indian households, or 45 million individuals, saw their incomes rise above the threshold of $1.25 a day, or Rs.56, in the two decades ended 2010, reflecting the success of microfinance, says a survey. "A dramatic number of families moved out of poverty between 1990 and 2010," said the report, based on a survey of more than 15,000 Indian households, carried out by the India Development Foundation (IDF), a...
More »Differences persist in govt over Food Bill impact on open market prices by Prabha Jagannathan
Sharp differences persist in the government over whether and how much of an impact the impending food law is likely to have on open market food prices. At a time when input costs for farmers have already gone up significantly and threaten volatility in food prices, the food ministry has dismissed apprehensions voiced by Commission for Agricultural Costs and Prices ( CACP) chairman Ashok Gulati on the issue. Last week,...
More »The proposed legislation can sprout trouble by Bhavdeep Kang
Union Agriculture minister Sharad Pawar’s made a last-ditch effort to win support for his controversial Seed Bill, 2010 by calling an all-party meeting in Parliament earlier this week. He was candid about the fact that this legislation tops his “must do” list. But the Opposition — supported by a section of the Congress—weren’t having any of it. “The proposed bill is not only anti-farmer but also brazenly favours multinationals in the...
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