Farmers are joining India Inc in mind, body and spirit. In a quiet revolution underway across the countryside, growers are setting up companies, replete with balance sheets, professional CEOs, board of directors, and income tax returns. By pooling together the land and produce of their shareholders, these companies are signing lucrative deals with large retail chains, food companies and exporters keen to establish reliable supply chains. As many as 200 companies...
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Gender discrimination haunts the visually challenged too by Vasudha Venugopal
Usha Thiruvengadam, a trained Carnatic vocalist and violin player, has been searching for a job in government-run schools as a music teacher for the past five years. Her struggle for a job despite her disability has earned her a great deal of respect from many of her friends. They also note: “Her husband did not marry her for the assistance. He takes her everywhere.” For many other visually challenged women, trusting...
More »1 in 2 farmer households in debt: Study by B Sivakumar
A National Sample Survey Organisation ( NSSO) study found that nearly half of the country's farmer households are in debt. Andhra Pradesh, Tamil Nadu and Punjab are the top three states recording highest percentage of farmers in debt. Of the 89.35 million farmer households in the country, 43.42 million are unable to come out of the debt trap, the report said. AP tops the chart with 82% of farmers in debt,...
More »Women in Kerala scale new heights with new machine that helps in climbing cocnut trees by PK Krishnakumar
Thirty-four-year-old Praseetha Dineshan from Kattipara panchayat in Kozhikode used to work as a postwoman delivering letters from 8 am to 5.30 pm. No longer. After completing a training course of Coconut Development Board (CDB) for climbing coconut tree using a machine, she has now quit her temporary job and is happy to climb coconut trees to pluck coconuts. "Yesterday I climbed 15 trees and today I did 20. More and more people...
More »Improve credit delivery in rural areas: RBI to pvt banks by Somasroy Chakraborty & Manojit Saha
At a time when the government and regulators are emphasizing inclusion and increase in credit delivery to those without access to formal sources of finance, private sector banks are found to have low credit-deposit ratios in rural areas as compared to public sector counterparts. In a recent interaction at the state-level bankers committee (SLBC) meeting, in which Reserve Bank of India governor D Subbarao was present, bankers brought this to the...
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