-India Today Ahmedabad: IIT-Madras graduate Kannan Lakshminarayan dusted a few copies of "Young India" to find Mahatma Gandhi's vision and initiate cotton farmers to use miniature spinning machines right in their village where they grow the crop and increase their income. Following this, the middleman was out, the long-drawn value chain was short-circuited while farmers became spinners first and subsequently, weavers and even garment makers. In 1920, Mahatma Gandhi had written in...
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Land acquisition issues stall only 8% of all industrial projects -Prachi Salve
-IndiaSpend.com About 8% of 804 industrial projects – with a planned investment of Rs 421,062 crore ($67.91 billion) – across India are in limbo because of land-acquisition problems, according to data released by the Finance ministry. The data complement a 2014 Comptroller and Auditor General report that says 38% of land acquired for special economic zones has not been used. The leading causes for stalled plans were unfavourable market conditions (98 projects) –...
More »Can’t blame UPA Land Acquisition Bill for stalled projects: RTI
-The Economic Times NEW DELHI: The land acquisition law passed by the previous government may not be the villain of the piece when it comes to stalled projects, according to data generated by a Right to Information (RTI) query. The Modi government's determination to amend the land acquisition law in the teeth of resistance from farmers and political parties has stemmed from the legislation's apparent role in just this — bringing projects...
More »Is Land Acquisition the prime reason for stalling of Projects? Data says ‘No’
-Newslaundry.com According to the data provided by the Ministry of Finance in reply to an RTI application, only 8% of all the stalled projects are because of Land Acquisition reasons. The reasons for 1/3rd of the stalled projects are not known. The amendments to the Land Acquisition act (Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act) are being touted by many in the Government as a game...
More »Too early to say deficit monsoon to hit rural lending -Abhijit Lele
-Business Standard A clear picture is likely to emerge only towards the end of June Mumbai: Rural distress owing to heavy unseasonal rains in March and the prospects of less-than-normal monsoon have made bankers “a cautious lot” at the start of this financial year. However, it is too early to conclude that the impact of rains, or the lack of it, would be bad. According to public sector bank executives, the assessment for...
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