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Farmers still in interest trap by Shubhangi Khapre

Almost a year after the state government promised to impose stringent laws to arrest the exploitation of farmers at the hands of private moneylenders, the rate of borrowing has gone up to 36-40% in the state. The laws remain on paper as the government has failed to put in place any regulatory body that could take action against the private moneylenders in the state. Highly-placed sources in the government said, “The...

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Scorching the earth by Praful Bidwai

The Environment Ministry's clearance of projects such as Posco, Jaitapur and Lavasa will cause havoc in our gravely endangered environment. EVEN the worst pessimist could not have imagined that the January 31 order of the Ministry of Environment and Forests (MoEF) approving the South Korean-origin company Posco's steel project in Orissa would be as bad as it actually is. Construction of the Rs.54,000-crore steel plant, its captive power unit and private...

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Caste divide by S Dorairaj

Tensions run high within the Christian community in Thachur village, and the government has adopted a hands-off approach for now. THE wrinkles on S. Royappan's face are a result of advancing age, but the ridges and furrows in them tell a story of humiliation of this Dalit Christian, as also others like him. Royappan, 82, was a bonded labourer, or padiyaal, in Thachur village in Tamil Nadu's Kancheepuram district, but...

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Who is responsible for India's poor – the state or the private sector?

Regulation in India's microfinance sector aims to address feckless borrowing and reckless lending – but will the new restrictions entrench poverty, rather than end it? One of the many crushing burdens for India's poor bear is debt; unable to make ends meet, they turn to traditional moneylenders. They are willing to extend credit, but at unconscionably high rates – sometimes exceeding 80%, and keeping borrowers in lifelong penury. Popular cinema and...

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Plugging the leaks in rural job plan

On the fifth birth anniversary of the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) last Wednesday, UPA chairperson Sonia Gandhi admitted discrepancies in the biggest job guarantee scheme in the world. Gandhi, who is also National Advisory Council (NAC) chief, was referring to fake job cards, forged muster rolls and funds swindled by village heads, officials, etc. She was quick to pinpoint the course correction — a strengthened social audit....

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