The World Bank-funded Rs.745-crore Dam Rehabilitation and Improvement Project (DRIP), covering 104 dams in the State, will be launched in the next financial year (2011-2012). Of the total number of dams, 66 belong to the Water Resources Department (WRD) of the Public Works Department (PWD) and 38 to the Tamil Nadu Generation and Distribution Corporation (TANGEDCO), successor-entity of the Tamil Nadu Electricity Board. In the first year, 18 dams — WRD's...
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New loan sharks by S Nagesh Kumar
The rural poor in Andhra Pradesh, a State showcased as a model for SHG-bank linkage, are caught in the vortex of microfinance. WITHIN a decade of their coming into operation, microfinance institutions (MFIs) have dealt a serious blow to the economy and the well-being of thousands of families in rural Andhra Pradesh. Harassment by their collection agents has allegedly driven at least 60 borrowers to death, and the number is...
More »The Posco question by Praful Bidwai
The government must stop dilly-dallying over the project and apply the law regardless of the fact that it is India's single largest foreign investment proposal. TWO giant metallurgical projects, both in Orissa. Both promoted by big multinational corporations with tremendous influence. Both opposed by environmental and tribal rights activists because they would displace vulnerable people and destroy fragile ecosystems. Both backed strongly by State-level and national lobbies that claim they...
More »India’s micro vision by Samar Halarnkar
Time magazine picked him as one of 100 people shaping our world. Today, he’s held responsible for bringing an exciting, inspirational business into disrepute. Oh, and his wife says he beat her and snatched their son. There could not be a more controversial torchbearer than Vikram Akula for an industry as quintessentially Indian as microfinance, the business of providing the poor with loans, as small as R5,000, secured not with...
More »Elephant deaths on the track a burning issue by G Prabhakaran
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...
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