-The Business Standard The Microfinance Bill in its present form may hurt the growth of the Self-Help Group (SHG) programme being run across states to bring people above the poverty line, according to Union rural development minister Jairam Ramesh. “The Bill needs to be rewritten. MFIs are not instruments for poverty alleviation,” Ramesh said in an interaction with reporters after he reviewed initiatives by NABARD in an SHG-bank link programme. He, however, did...

-Press Information Bureau   In a first major initiative of involving corporate India in developmental work, the Government of India has sought its partnership in setting up the Bharat Rural Livelihood Foundation (BRLF). Rural Development Minister Jairam Ramesh has written letters to corporates like Tatas, Reliance, Wipro and Infosys to join the Foundation as contributing partners, to improve the livelihood of tribals, mostly living in Central and Eastern India. Public sector NABARD...

-PTI Chairman of Prime Minister's Economic Advisory Council, C Rangarajan today said Agriculture Produce Marketing Committees (APMCs) have not helped the farmers in gaining higher level of income.  "The marketing arrangements with respect to agricultural products remain very archaic", he said, delivering the convocation address at the University of Agricultural Sciences, Bangalore.  "Some of the legislations such as APMC have also not helped the farmers. There is a big difference between what the...

The finance ministry has asked public sector banks to devise products for Indian farmers to ensure they get adequate funding in emergencies. The government, the majority owner of such banks, wants them to roll out products such as emergency loans to farmers that will be linked to savings accounts, a weather index-based insurance product, and set up a credit guarantee fund that will aid farmers in the event of crop losses...

The time has come for optimal pricing of water and power to prevent an unlimited pumping of groundwater and aid better coordination amongst competing demands for the scarce resource, Prime Minister Manmohan Singh said here on Tuesday. Dr. Singh's observations come at a time when there is a debate on the pricing of water and privatisation of services in the sector. The Ministry of Water Resources is working on a reforms-oriented...