-The Times of India Rampant corruption in government-run welfare schemes, and not just indebtedness, was one of the major reasons behind farmers in Madhya Pradesh killing themselves, a high-level committee appointed by the state human rights commission has reported. After probing the more than 4000 farmer suicides in the state during the last few years, the two member committee comprising renowned agriculture expert G S Kaushal and retired sugar cane commissioner...
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Farmers ready to pay market rates for power, demand reliable supply by Madhvi Sally & Sutanuka Ghosal
Agrarian distress and growing awareness among farmers, tired of poll-time rhetoric and freebies, may make it tougher for political parties to woo this large electorate with worn-out promises in the upcoming assembly polls. Ahead of elections in five states, including in Uttar Pradesh, the country's most populous and politically-critical state, many farmers say they are ready to pay market rates for power and other inputs provided there is reliable supply. Swarn Singh,...
More »CCI gives clean chit to sugar companies for cartelisation, price manipulation by Maulik Vyas
India's competition regulator Competition Commission of India has absolved sugar manufacturing associations and their members of cartelisation and price manipulation charges. Earlier, the competition regulator had sent a notice to sugar mills associations and their members charging them of cartelisation and price manipulation. The suo motu action charged Indian Sugar Mills Association (Isma), National Sugar Mills Co-operative Federation, and some private sugar firms of cartel violation. However, the sugar associations and companies...
More »Farmer Groups to meet Manmohan Singh to press for FDI in retail by Nidhi Nath Srinivas
Leaders of farmer groups are meeting Prime Minister Manmohan Singh on Monday to press for allowing FDI in retail. Leaders from four states with lion's share in India's farm GDP--Punjab, Maharashtra, Andhra Pradesh, Karnataka -- will be part of the delegation. "We will give December 31 as deadline for implementation of FDI. After that we will begin a nationwide stir," said PV Chengal Reddy, who heads Confederation of Indian Farmers, a...
More »What’s Wrong and Right with Microfinance by David Hulme and Thankom Arun
Recent events in south Asia have led to an unexpected reversal in the narrative of microfinance, long presented as a development success. Despite charges of poor treatment of clients, exaggeration of the impact on the poorest as well as the risks of credit bubbles, the sector can play a non-negligible role in reaching financial services to low-income households. In regulating the sector, there is need for caution in setting interest...
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