The Union government will set up an independent financial institution to give funds for effective functioning of the self-help groups (SHGs) and better empowerment of the rural poor. UPA chairperson Sonia Gandhi announced this while launching the National Rural Livelihood Mission (NRLM), which will be funded through financial institutions. As of now, banks will be mobilised to extend loans to the tune of Rs. 6,800 crore this year at subsidised rates...
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New land Bill allows states to script own role by Saubhadra Chatterji
Proposes that the percentage of land to be acquired by state agencies should be decided by their governments. The modified Land Acquisition (Amendment) Bill is likely to suggest giving state governments the power to determine their roles in acquiring land for industry. Also, in a positive for farmers, the Bill proposes that if the land remains unused for five years, it should be automatically returned to them. If sold to a third...
More »RDM proposes more equitable deal for landowners; realtors may have to share 80% profits by Devika Banerji & Ravi Teja Sharma
The Rural Development Ministry has proposed that farmers should get 80% of the profits from resale of land bought from them for development, much higher than that suggested by a Sonia Gandhi-led panel. The National Advisory Council had pegged the compensation after resale at 25% of the profits made by private developers. The proposal, aimed at giving farmland owners a better deal, follows protests in Uttar Pradesh's Greater Noida last month over...
More »Economists write to Sonia on Food Bill by Sanjeeb Mukherjee
Eminent economists have shot off a letter to National Advisory Council (NAC) Chairman Sonia Gandhi to ensure that the proposed Food Security Bill is quite comprehensive and excludes only a few rich people. They also want Sonia to get the Bill legislated in such a way it is not based on the current public distribution system (PDS) for all times to come as direct subsidy transfer could also be an...
More »Sacrificial lambs by Purnima S Tripathi
Tribal people constitute close to 50 per cent of the population that has been displaced because of "developmental" activities. “IF you are to suffer, you should suffer in the interest of the country,” Jawaharlal Nehru has been quoted as telling the village residents to be displaced by the Hirakud dam in 1948. And so it has been for the past 64 years. People, mostly impoverished tribes, have been suffering because...
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