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Out of the bank, into the money-lender's trap by Yogesh Pawar

"Will you come in now?" screams 50-year-old Tanhibai Kale of Ganeshpur village in Jhari Jhamni tehsil of Yavatmal, the heart of Vidarbha's suicide country. Lightening streaks across the darkened skies, followed by loud thunder. Her drenched nine-year-old grandson Nandu comes in from the downpour and tries to slink in but not before getting two slaps. "Next, you'll fall ill and we'll have to go looking for money to treat you,"...

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NAC active again, recommends steps on rural job scheme by Smita Gupta

“MGNREGS should move from relief work mode to one that blends natural resources and labour” to build productive assets The Sonia Gandhi-led National Advisory Council (NAC), which went into hibernation in the United Progressive Alliance (UPA) chairperson's absence, has been reactivated. On September 14, it despatched its recommendations on strengthening the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) to the government; it wants the scheme to move from its “relief work...

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Rs 65,000cr loan waiver fails to make farmers debt-free

-DNA   The Centre's debt relief scheme for the farmers has given anything but relief to the poor farmers. Despite the Rs 65,318.33-crore Agricultural Debt Waiver and Debt Relief Scheme (ADWDRS) launched by the UPA with much fanfare in 2008, nearly 43.42 million (48.6 per cent) of the 89.35 million farmer households are still in debt. This is the finding of National Sample Survey Organisation (NSSO) report on 'Indebtedness of Farmers Household'. The scheme benefited...

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Banks told to integrate operations with Regional Rural Banks for rural lending by Dheeraj Tiwari

In an attempt to extend the reach of banks in rural and semi-urban areas, the finance ministry has asked public sector banks to integrate their operations with regional rural banks (RRBs). "Charges for various banking services used by customers of RRBs are to be aligned with the sponsoring banks," a finance ministry official said on condition of anonymity. "Further, cheques or drafts issued by RRBs should be treated at par...

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‘Landgrab' overseas by Jayati Ghosh

The global 'farmland grab' in Ethiopia and the rest of Africa has become competitive, with companies from Asia, including India and China, joining it. AN extraordinary new process has been at work in the past few years: the aggressive entry of Indian corporations into the markets for agricultural land in Africa. At one level, this process is simply following the hoary old tradition in global capitalism of firms (often supported...

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