Close on the heels of the recent controversy surrounding over the microfinance institutions, Karnataka government has decided to foray into the micro finance business with an initial corpus of Rs 500 crore. With this, Karnataka will join the league of Andhra Pradesh to have its own state-funded microfinance institution. The government plans to lend at the rate of 4 per cent interest per annum to unorganised sector workers. “There are about 3.5...

While the Yeddyurappa-led BJP government in Karnataka is embroiled in a land scam, farmers are up in arms against the acquisition of their lands for industrial use in Mysore district. They have alleged that the government was acquiring 25,000 acres of land. Dismissing their allegation, authorities have come out with a statement saying that they were acquiring 8,520 acres in the district as a mutual consent of farmers. The clarification has come...

The Karnataka High Court on Friday upheld the State Government's ban on transport and export of iron ore. A Division Bench comprising Chief Justice J.S. Khehar and Justice S. Abdul Nazir passed orders upholding the Government Orders of July 26, 2010, and July 28, 2010, banning transport of iron ore and its export from ten minor ports. Thirty-two companies, including V.S. Lad and Sons, Kumaraswamy Minerals, Sesa Goa and others had challenged...

The rail track passing through forest areas in different parts of the country, including Walayar on the Kerala-Tamil Nadu border, have become a death trap for the wildlife, particularly elephants. Though a hue and cry is raised every time a tragedy strikes, the deaths of a large number of wild elephants in Kerala, Tamil Nadu, Karnataka, Assam and West Bengal remain a burning issue. The recent incidents of train hits in these...

A growing shortage of farm hands and smaller land holdings are forcing many farmers to mechanise their farms, allowing multinational agri implement companies to tap into Indian market. A 2006 study by consulting firm Zinnov said that the agri equipment market in India would grow at a compounded rate of 5% between 2006 and 2010 to touch $8 billion. Today, a large number of Chinese, Japanese, American and Italian firms has...