The proposed regulations aim to create a new countrywide infrastructure for trading of commodity-based securities in the form of electronic receipts as with equity shares on exchanges A committee under the Warehousing Development and Regulatory Authority (WDRA) has recommended regulatory changes that can effectively control prices of food items, improve lives of farmers and change the warehousing landscape in India. The proposed regulations, drafted in consultation with the capital market regulator, the...

Congress general secretary Rahul Gandhi on Thursday made a quiet visit to Maval where three farmers were killed in police firing on August 9. Two hours after he left, the families of victims described the visit as a “show of sympathy” while the agitating farmers said he has rubbed salt on their wounds by not giving them a hearing. Rahul arrived in Maval around 10 am and went straight to the...

Sections within civil society have reservations about Anna Hazare’s movement but the government’s failure to tap them may have lent credence to the impression that his group was speaking up for the entire nation. Although leaders like P. Chidambaram and Kapil Sibal have argued that no single group could claim to be the sole representative of civil society, the Centre has not seriously tried to open channels of communication with other...

MFIs in Andhra Pradesh are paying for the sins of their past. Market for new loans has dried up, Banks have turned off their spigots while the AP government is content to sit back and watch. It has been eleven months since the Andhra Pradesh government issued an ordinance—later converted into the Andhra Pradesh Micro-Finance Institutions (Regulation of Money Lending) Act—which, the microfinance industry hoped, would be the magic remedy that...

-The Hindu   Minimum wages to unorganised workers The draft labour policy, released by Labour Minister Shibu Baby John here on Tuesday, proposes measures to ensure minimum wages to workers in the unorganised sector and check unhealthy tendencies such as ‘nokkukooli' in the loading and unloading sector. Releasing the policy, the Minister said that no time frame had been fixed for achieving these objectives because attitudes needed to be changed. All trade unions had...