-The Economic Times Small and marginal farmers who constitute more than 80% of total farmer households in the country face exclusion from formal financial channels," says the Nair Committee on priority sector lending. The same report says "commercial banks have been prescribed targets since late 1960s for priority sector lending".  The banking system failed the farmers and the needy despite nationalisation, but is there a viable model that could help the millions...

Local procurement for anganwadis can revive rural economy in a big way The dominating noise of the grinder and the mixer speaks loudly of a new skill that the women of Binka village have mastered. The house, centre of all activity, is the busiest in this sleepy village. The women are making a nutrition mix for 270 anganwadi centres in two blocks of Odisha’s Subarnapur district. Famed for their weaving skills, the...

A global scramble for land and mineral resources fuelled by billions of investment dollars is threatening the last remaining wilderness and critical ecosystems, destroying communities and contaminating huge volumes of fresh water, warned environmental groups in London Wednesday. No national park, delicate ecosystem or community is off limits in the voracious hunt for valuable metals, minerals and fossil fuels, said the Gaia Foundation’s report, "Opening Pandora's Box". The intensity of the...

Dr Abhijit Sen is Member, Planning Commission of India. He is a Ph.D. in Economics from the University of Cambridge (currently on leave as Professor of Economics at the Jawaharlal Nehru University) and has also taught at the Universities of Sussex, Oxford and Cambridge. Besides serving various think tanks in the states and at the centre, Dr Sen has been a consultant with UNDP, ILO, FAO and various other multilateral...

Odisha village gets pattas after nearly half a century. Land reform programmes get jumpstart They say home is where the heart is, but that’s not always true. Ask Arakhita Pradhan, resident of Chilipoi village in Odisha’s Ganjam district. On a cold evening some 44 years ago, the authorities forcefully shifted him and his neighbours to a place where no civic amenities existed. Reason: the state had built an irrigation dam that...