They observed a minute’s silence for the 1,180 martyrs of Bodoland movement. That’s routine. They observed a two-minute silence for Bhupen Hazarika. That’s a huge departure from routine. The silence would have been that of a graveyard, but for the whirring of the generator set at one corner of the field at Silikabari, 6km south from where the Absu’s five-day cycle rally covering 10 districts culminated this morning. It was no coincidence...
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The mystery of the boom in farm credit by Anil Padmanabhan
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...
More »‘Massive’ collections in Swiss black money probe by Ritu Sarin
Investigations say they have already mopped up a “massive amount” — running into “hundreds of crores” — as unpaid taxes from among the 700 numbered bank accounts held by Indians in HSBC Bank in Geneva in the ongoing scrutiny of what is considered a sprawling black money trail. In fact, Rs 40 crore has been recovered from Delhi-based account holders and Rs 60 crore from just one account holder in Chennai...
More »Sugarcane lobby triumphs, cotton farmers limp by Yogesh Pawar
While the Maharashtra government must be relieved that Swabhimani Shetkari Sanghatana leader and Kolhapur MP Raju Shetty ended his five-day fast in Baramati on Saturday, after it agreed to a sugarcane procurement price hike, many wonder why the same state ignores the plight of its cotton farmers. In the same duration that Shetty sat on a fast 22 debt-ridden, Vidarbha cotton farmers committed suicide. One of these, Rajendra Lahiti of Dhamangaon,...
More »For rich or for poor? by Ashok Kotwal, Milind Murugkar and Bharat Ramaswami
'Food subsidy is a massive burden…if so much is spent on subsidies, what is left for development?' agriculture minister Sharad Pawar recently asked. It is a legitimate question that is on the minds of many but seldom gets asked for fear of appearing callous. Are we prematurely trying to be a welfare State? In the developed world, safety nets like food stamps are regarded as humanitarian obligations toward the poor....
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