-The Economic Times NEW DELHI: The land acquisition law passed by the previous government may not be the villain of the piece when it comes to stalled projects, according to data generated by a Right to Information (RTI) query. The Modi government's determination to amend the land acquisition law in the teeth of resistance from farmers and political parties has stemmed from the legislation's apparent role in just this — bringing projects...
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Too early to say deficit monsoon to hit rural lending -Abhijit Lele
-Business Standard A clear picture is likely to emerge only towards the end of June Mumbai: Rural distress owing to heavy unseasonal rains in March and the prospects of less-than-normal monsoon have made bankers “a cautious lot” at the start of this financial year. However, it is too early to conclude that the impact of rains, or the lack of it, would be bad. According to public sector bank executives, the assessment for...
More »Green No More -NK Bhoopesh
-Tehelka In these times of agrarian distress, NK Bhoopesh revisits the ‘revolution’ that changed Indian agriculture The growing number of farmer suicides across the country has punched holes in the dominant narrative of India’s rise as a global economic power articulated ad nauseum by big business, mainstream politicians and the corporate media. It has also put a question mark on another familiar tale: that the green revolution introduced in the 1960s was...
More »MGNREGS as insurance
-The Hindu With unseasonal rain laying waste vast areas under the rabi crop in north India earlier this year and the threat of a deficient monsoon looming, the Mahatma Gandhi National Rural Employment Guarantee Scheme could act as a real salve for distressed farm workers and labourers. The World Bank’s brief statement on the scheme on Tuesday to this effect, as part of its latest India Development Update, concurs with recent...
More »World Bank: NREGA, the only insurance for India
-The Hindu The World Bank said on Tuesday that the spike in ‘unmet demand’ for MGNREGA jobs is an indicator of increasing rural distress. Since the scheme is the only and therefore the best bet India has for mitigating the impact on the poor of the recent unseasonal rains, the government should take steps aimed at arresting delays in wage payments and the rising unmet demand for jobs. “If you are a...
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