Microcredit is losing its halo in many developing countries. Microcredit was once extolled by world leaders like Bill Clinton and Tony Blair as a powerful tool that could help eliminate poverty, through loans as small as $50 to cowherds, basket weavers and other poor people for starting or expanding businesses. But now microloans have prompted political hostility in Bangladesh, India, Nicaragua and other developing countries. In December, the prime minister of...
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We need profits, passion in farming by MS Swaminathan
In recent years, the agricultural growth rate has tended to be lower than the population growth rate. This year, the former is nearing the target of 4%. But we still have a very large percentage of undernourished children, women and men. Poverty and destitution also remain stubborn. The Indian food security enigma rises from the mismatch between the grain mountains and the hungry millions. What are the prospects for ensuring...
More »Farmers' suicides reflective of death of rural banking by G Arun Kumar
Since the beginning of December last, 220 tenant farmers in the state have committed suicide or died of shock, crushed by mounting debts and loss of crops. Overall, the farmer death toll stands at a staggering 350-400. Though the fickle weather wreaked havoc, experts believe it's only partly to blame as several other factors have worked against the farming community. While economic expansion continues to bypass the farming community leaving...
More »MANY KIDS DEAD, MANY ABOUT TO DIE, OF MALNUTRITION IN MP
Is Madhya Pradesh the epicentre of malnutrition deaths? Recently, villages in the State’s Shivpuri district witnessed children of Sahariya tribe falling victims of malnutrition. Their names, according to the Asian Human Rights Commission (AHRC): Parant, Rajveer, Rajkumari and Sanni and they were all aged 3 years or below. The AHRC cautions that many more children like Ashiq, Kuldeep, Pawan and Malti from the same tribe are battling death due to...
More »Vidarbha farmers demand minister's dismissal
Farmers in Maharashtra's Vidarbha region have urged Prime Minister Manmohan Singh to sack Vilasrao Deshmukh as Union Heavy Industries Minister, after the Supreme Court ruled he misused his authority to protect a Congress legislator's money-lender father who charge exorbitant interest rates. "Local legislators are getting police protection with the help of top leaders and are exploiting the debt-trapped farmers who are committing suicide," Kishor Tiwari, president of Vidarbha Jan Andolan Samiti,...
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