-The Telegraph RBI governor D. Subbarao has expressed concern over Bengal’s low credit-deposit ratio, which means that funds from the cash-starved state are actually meeting the borrowing needs elsewhere. The erstwhile Left government used to blame banks for the skewed ratio. But bankers have blamed it on the poor credit absorption capacity of rural Bengal because of fragmented land holdings — a fallout of the land reforms. After a meeting with chief minister...
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Lopsided growth by Venkitesh Ramakrishnan
U.P.'s GDP grew at 7.28 per cent in the past five years, but the State ranks low in virtually every area of socio-economic development. IF statistics on gross domestic product (GDP) are the only criteria to evaluate the performance of a government, the Mayawati-led Bahujan Samaj Party (BSP) government in Uttar Pradesh will have to be rated as one with highly impressive credentials. For, India's most populous State has recorded a...
More »MGNREGA scheme: 61 cases of under-payment of wages
-PTI Government said a large number of complaints relating to implementation of its flagship MGNREGA scheme, including 61 cases related to underpayment of wages, have been received from all over the country. Minister of State in the Rural Development Ministry Pradeep Jain 'Aditya' told Lok Sabha that 24 of the 61 complaints pertaining to under-payment of wages emanated from Uttar Pradesh alone. The data showed that 14 such complaints were received from Rajasthan...
More »Markers and Supermarkets by Sukanta Chaudhuri
Some time ago, newspapers in Britain carried full-page advertisements from the curiously named British Pig Association. This consortium of pig farmers was clamouring publicly that the supermarket chains were squeezing the farmers dry. Alongside them, Britain’s dairy farmers complained that a supermarket cartel was paring down their prices, while production costs went up and up. These farmers too have powerful lobbies; they are still in business. To this end, Britain, like...
More »Similar problems, related maladies by KS Jacob
Health care in India, at its finest, matches the standards of international best practice. The knowledge, skill and confidence of its doctors and nurses, the sophistication of available technology, quality of service and five-star hospitality compete with the best in the world. Its relatively low cost has made it an important player in the health tourism sector. However, at the other extreme, publicly funded health care services often do not...
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