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....
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MFIs: Still in the doldrums by Shruti Sarma
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...
More »Loopholes in the Land Bill by Manoj Pant
• Without a clear definition of ‘public purpose’, the land acquisition bill is meaningless • The bill’s definition of ‘fertile land’ can potentially harm the agriculture sector • Government’s role in defining land will create economic and political problems in future As Parliament debates this month it will, hopefully, move beyond issues of corruption in high places to important economic legislation. Two such pieces of legislation are the land acquisition bill and...
More »An uneven field by Pranab Bardhan
The rural development ministry has put out a draft of the proposed National Land Acquisition and Rehabilitation and Resettlement (LARR) bill for public comment. There is no doubt it is a big improvement on the 1894 colonial law that was long overdue for repeal; in particular, it is intended to be far more farmer-friendly. Yet, in several respects the Bill is patently inadequate, both in its objectives and the mechanics...
More »PDS leakages: the plot thickens by Jean Drèze and Reetika Khera
While diversion rates still remain high, evidence seems to point to substantial improvements in the public distribution system around the country. It is well understood that a substantial proportion of the grain, mainly wheat and rice, that is meant to be distributed to eligible families under the Public Distribution System (PDS) ends up being sold in the open market by corrupt intermediaries, including some dealers who manage PDS outlets. The extent...
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