Confusion continues to reign in the debate on microfinance that has unfolded following the promulgation of the Andhra ordinance, soon to be replaced by Andhra Pradesh Micro Finance Institutions (Regulation of Money Lending) Act, 2010. A key confusion has been that microfinance is a major instrument of poverty alleviation. Going by the available scientific evidence and agreement among scholars, to-date, there exists no compelling study linking the expansion of microfinance to...

Even as the media celebrate the Mercedes Benz deal in the Marathwada region as a sign of “rural resurgence,” the latest data show that 17,368 farmers killed themselves in the year of the “resurgence.” When businessmen from Aurangabad in the backward Marathwada region bought 150 Mercedes Benz luxury cars worth Rs. 65 crore at one go in October, it grabbed media attention. The top public sector bank, State Bank of India,...

70-lakh people will get security of dwelling, marine resources Draft text of Bill posted on Environment Ministry website Minister proposes eco-restoration-cum-conservation project at salt memorial The Fisherfolks Rights Bill, guaranteeing traditional marine rights, is on the anvil, Union Minister for Environment and Forests Jairam Ramesh said on Sunday. Conceived on the lines of the Forest Rights Act that guarantees traditional user rights and land rights to tribals, Adivasis and forest dwellers, this Bill would...

A farmer died of broken heart over meagre assistance that he got from the government for the crop loss he suffered two years ago. Venna Peddaseshi Reddy (50) of Peddagarlapadu village, 15 km away from here, raised paddy, cotton and red chilli on two acres of his own land and two more acres on lease as a tenant. He lost all the three crops due to the rains in October and...

Stunned villagers are finding that governments have been leasing land, often for decades. The half-dozen strangers who descended on this remote West African village brought its hand-to-mouth farmers alarming news: their humble fields, tilled from one generation to the next, were now controlled by Libya's leader, Col. Muammar el-Qaddafi, and the farmers would all have to leave. “They told us this would be the last rainy season for us to cultivate our...