At BANCON (annual bankers' conference) 2011 in Chennai, financial institutions explored avenues for greater participation in agriculture and rural development. There are a few areas in need of additional attention and investment. Green Revolution technologies are scale-neutral but not resource-neutral. Inputs are needed for output; therefore market-purchased inputs become important in providing soil and plant healthcare for higher yields. Social scientists point out that small and marginal farmers will be excluded...

Tamil Nadu has stopped using Banks to pay workers employed under the National Rural Employment Guarantee Scheme (NREGS), turning the clock back on the programme that was expected to eliminate layers of middlemen in reaching money to the poor. Rural development ministry officials at the Centre confirmed the development, but termed it “a temporary setback”. However, Tamil Nadu is not alone. Andhra Pradesh too has asked some of its poorest...

Failure of crops due to continuing dry season spells doom in agency The damning trend of farmer suicides seems to have arrived even in the agency areas of Adilabad district following the failure of cotton crop this season. As many as six of the 13 cotton farmers to have committed suicide since August 29 belong to the Banjara and Gond tribes. This is the first time when so many suicides among tribal...

The government has asked Banks to accept identity proofs issued in other states as valid documents for opening no-frills bank accounts, in a move that will help millions of migrant workers, including domestic helps and drivers, access banking services.  At a specially convened meeting to push the financial inclusion agenda, the finance ministry asked bankers to accept the identity proofs and use their branch network in other states to verify the...

Even as the details given by France on Swiss bank accounts of Indians continue to cause ripples back home, Denmark and Finland have passed information about another 2,000 bank accounts to India, prompting the I-T department to launch an investigation. Sources said the I-T department's Directorate of Criminal Investigation (DCI) has been asked to probe these accounts. This is the third instance when foreign countries have shared details with Delhi about Indian...