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The return of the rain

-The Business Standard Cautious optimism about the revival of the monsoon  A progressive improvement in the monsoon, after a dismal June that saw rainfall deficient by over 30 per cent, has eased some worries over kharif crop production. Since then the rainfall deficit has been halved to 15 per cent, dispelling fears of a situation as bad as in 2009, when severe drought lowered foodgrain production by seven per cent. In addition,...

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34% increase in deposits at rural banks-Jaideep Deogharia

-The Times of India RANCHI: If deposits in banks are indicative of prosperity of a region, Jharkhand villages have been blazing quite a trail over the past couple of years. The volume of money deposited with rural bank branches witnessed a whopping 34% increase over the last fiscal as against increase of mere 19% in the urban bank branches. With emphasis on financial inclusion, linking MGNREGA wages with bank accounts and...

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Resurgent agricultural sector to have larger share in economy-Vinay Pandey

-The Economic Times A change in the national accounts, slated to take place sometime in the next two years, will show that a resurgent farm sector is now the second biggest contributor to the economy, displacing manufacturing and financial services. The unexpected reversal is not just a statistical artefact. Instead it is an outcome of a change in the terms of trade, the price of agricultural produce compared to industrial output since...

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Bamboo ‘revolution’ to beat back Maoists

-The Hindu Amid reports that Maoists are against according bamboo rights to Adivasis in Gadchiroli, Union Rural Development Minister Jairam Ramesh has asked the Chief Ministers of six Naxal-hit States to emulate the success of Mendha Lekha village in that Maharashtra district. Mendha Lekha became the first village with Community Forest Rights (CFR) to be given transit passbooks to harvest and sell bamboo in April 2011. Since then other villages in Gadchiroli...

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Concerns raised against Land Acquisition bill

-Pratirodh Bureau Activists led by Narmada Bachao Andolan leader Medha Patkar have alleged that the much awaited Land Acquisition Bill was actually a "diluted version" of the Standing Committee's recommended bill.   The activists under belonging to various groups, including National Alliance of People’s Movements, National Forum of Forest people and Forest Workers, Kisan Sangharsh Samiti and Sangharsh claimed that the "positive" position taken by the Standing Committee had been diluted by the...

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