August is usually the preferred month fo­r family holidays in Eu­­rope, because of ab­­undant sunshine and warm weather. In India, normally, this is the south-west monsoon season and a busy period for farmers. This year, ho­wever, several farm families in coastal Andhra Pradesh, the ri­ce bowl of the country, are repo­rted to have declared ‘crop holiday’. This is because the rice mills have not been lifting even last years’ crop....

The proposed regulations aim to create a new countrywide infrastructure for trading of commodity-based securities in the form of electronic receipts as with equity shares on exchanges A committee under the Warehousing Development and Regulatory Authority (WDRA) has recommended regulatory changes that can effectively control prices of food items, improve lives of farmers and change the warehousing landscape in India. The proposed regulations, drafted in consultation with the capital market regulator, the...

PM's announcement in I-Day address went unnoticed in public focus on corruption Prime Minister Manmohan Singh's announcement on Monday on setting up a commission “to make suggestions for improvements at all levels of education” has largely gone unnoticed amid the public focus on corruption. Even though his Independence Day address did not elaborate on its mandate, sources in the government indicated, the recommendations of the proposed commission should add up to...

The ever-energetic Jairam Ramesh has unveiled a new land acquisition policy for discussion. He has taken on the difficult task of changing an old law whose implementation has led to a sorry mess in Nandigram, Singur and Noida, to mention only a few of the recent cases that have hit the headlines. India’s policy regime for managing land rights and land transactions is totally dysfunctional. Greedy politicians in state governments have...

MFIs in Andhra Pradesh are paying for the sins of their past. Market for new loans has dried up, banks have turned off their spigots while the AP government is content to sit back and watch. It has been eleven months since the Andhra Pradesh government issued an ordinance—later converted into the Andhra Pradesh Micro-Finance Institutions (Regulation of Money Lending) Act—which, the microfinance industry hoped, would be the magic remedy that...