The Finance Ministry has launched a concessional loan scheme for farmers to prevent distress sale of agricultural produce. Farmers who park their produce at warehouses will be able to avail short-term post harvest loan at 7% as against the prevailing rate of 11%-12%. Farmers making timely payment of the loans will further enjoy 3% interest subvention, bringing the real interest rate to 4%, according to the finance ministry directive. This will benefit...

-The Times of India   The states would milk the Centre by arbitrarily hiking their 'minimum wages' if workers in the job guarantee scheme were to be paid by the "minimum wages Act", the Centre cautioned while appealing against a court order quashing power to fix remuneration under MGNREGA. Union rural development ministry has sought revision of the Karnataka high court order giving in to the finance ministry's pressure despite the fear...

-The Hindustan Times   Different Central government departments have different interpretations of the transparency law, Right To Information, when it came to disclosing information. While some government departments have proactively disclosed the information, others have denied similar information citing prohibitory clauses of the RTI law. This reporter had filed a RTI application with the Cabinet Secretariat seeking copies of the minutes of the Group of Ministers and Empowered Group of Ministers constituted since June...

Fixing of minimum wages in the States and under the Mahatma Gandhi National Rural Employment Guarantee Scheme is set to become a poll issue, at least in Uttar Pradesh. Even as the Ministry of Rural Development is hurrying to revise the wage rate under the MGNREGS next week, its officials are apprehensive that Uttar Pradesh too might revise its minimum farm wages in a couple of days. The officials are keenly watching...

The recent Cabinet nod to the National Food Security Bill triggered a flurry of criticism in the mainstream media, focusing mainly on the financial implications. The cost of the Bill obviously needs careful scrutiny and public debate, but it’s a little sad to see so much concern with the cost, and so little interest in what the Bill can do to improve people’s lives. The barrage of attacks was predictable —...