When little children in cities have a Happy Meal burger at McDonalds and get a Batman car or Ben 10 toy free, they are getting much more for free — all gift-wrapped by wheat and potato farmers in some far-off village. They are not paying for the labour put in by the farmer, the profits forgone by him, and the higher cost of living that he did not bill on...

The Bill to regulate Microfinance Institutions tabled in the Andhra Pradesh assembly on Friday has upset the Microfinance institutions (MFI) network, who say their concerns have not been addressed and that may force them to shut operations in the state. "Repayment has fallen drastically and so we are not in a position to continue operations in Andhra Pradesh unless the situation is remedied," said Vijay Mahajan, President, Micro Finance Institutions Network. The...

Union minister of state for Agriculture, K V Thomas, today said Kerala, which had not fully utilised the allocation of Rs 700 crore under the Vidharba package, should utilise the remaning nearly rs 400 crore for Organic cultivation.About rs 400 crore was yet to be utilised and this could be made use for propagating organic cultivation in the the state, thomas said at the sidelines of a function here.The miniser...

A man, crawling on all fours, is searching for something under a tree on a hot summer’s day. A curious passerby stops and asks: “What are you looking for?” The man replies: “I’ve lost my watch.” The passerby asks: “Are you sure it fell near this tree?” The answer: “It’s cooler looking in the shade”.Governments work something like this. They do what they think is easier to do rather than...

Principal Advisor to Planning Commission Pronab Sen, who is heading a committee on wages, has said states are bound to pay prevailing minimum wages to workers under the National Rural Employment Guarantee Act. His view contradicts the stand taken by the rural development ministry, which had said that NREGA exempts itself from other laws including the Minimum Wages Act and hence the Centre is not obliged to reimburse states according to...