Forget the rhetoric, the FM’s left little for core social sectors The Union finance minister’s enthusiasm in marking the roadmap to financial discipline and pushing reforms in Budget 2010 is somehow missing in his proposals for inclusive growth. These proposals lack the required homework—in referring to relevant literature, including some recent government reports, and in making estimates of the required funds—and certainly do not reflect much commitment to inclusive growth. Agriculture—which...

Technology is helping public sector banks find customers in rural India. This is part of the Centre’s efforts to include villages in the organized financial system; to ensure they are not cheated of their wages. Pilots show promise   The current state of rural banking in the country is poor. A recent report, by the National Sample Survey Organization, revealed that 51.4 per cent of the 89.3 million total farmer households in...

Spiralling prices of pulses have shown India’s dependence on imports. Pulses are integral to India’s diet but not its food policy. As a result, supply cannot meet demand. What are the consequences and solutions? Surendra Nath has switched to eating grass-pea, though he knows it is not good for health. But so is tobacco, he argues. He cannot do without pulses and pigeon-pea selling at Rs 100 a kg is beyond...

NAGPUR: Farmers in Maharashtra's Vidarbha region are hoping for a Rs 30,000 crore (Rs 300 billion) development package in Finance Minister Pranab Mukherjee's budget, only two days away. According to the Vidarbha Jan Andolan Samiti (VJAS), in view of the neglect faced by the region since independence, it was high time the central government looks at Vidarbha seriously and announces a hefty development package. "The Maharashtra government has spent over...

The Left parties would raise a demand to scrap the “archaic” Land Acquisition Act, 1884, as it facilitated land acquisition by big corporates, who took advantage of the acute distress of farmers, Communist Party of India (Marxist) Polit Bureau member Brinda Karat said here on Sunday. “Why are they [the Centre] delaying the scrapping of the Act?” she said. “There is utter hypocrisy in land reforms and distribution in the country.”...