The spurt in farm credit by commercial banks, including regional rural banks, has interestingly not led to any let-up in distress in the agrarian economy -- a mystery that continues to baffle academics, policy planners and, more recently, bankers Last week, a clutch of bankers and policy wonks gathered in Bangalore to review recent trends in farm credit. On the face of it, credit to the farm sector is on an...

In this Idea Exchange moderated by Senior Editor Archna Shukla, I&B minister Ambika Soni speaks about self-regulation by the media, empowering the Press Council of India and the Congress party’s stand on corruption Archna Shukla: There is a growing perception that the government is unhappy with media criticism. The editor of a leading English daily publicly claimed that government advertisements have been stopped to his publication. Is the government being vindictive? I have...

Bihar's recent economic growth has created a peculiar problem for real estate and infrastructure firms in other parts of the country.  Migrant labour from the state constitutes around 50% of the unskilled workers employed in these sectors nationally, but increased government expenditure and private investment has caused rural migration from Bihar to fall by a third in recent years, resulting in labour shortages and 35-50% higher wage bills for real estate...

Suggests Rs. 200-crore plan to win villagers over to Kudankulam Even as a committee constituted by the Centre to address fears about the safety of the Kudankulam nuclear power project was set to meet an experts panel of the Tamil Nadu government on Tuesday, the former President, A.P.J. Abdul Kalam, has recommended a massive Rs. 200-crore special development plan for villages around the project site. The 15-member central panel, consisting of experts...

It has to be but a means to development, not an end in itself Is India doing marvellously well, or is it failing terribly? Depending on whom you speak to, you could pick up either of those answers with some frequency. One story, very popular among a minority but a large enough group—of Indians who are doing very well (and among the media that cater largely to them)—runs something like...