SCORES of farmers mired in debt in the arid cotton belt of Vidarbha in Maharashtra are close to losing their property rights, as the state-controlled Land Development Bank has kick-started the process to recover dues from them. A top revenue ministry official said the process to recover loans by selling off land belonging to those farmers who have defaulted is “definitely on” and could start as early as July 23....

The only programme the UPA government has to provide pensions to BPL individuals is plagued by mismanagement, delays in Disbursement and underutilised funds. The National Social Assistance Programme (NSAP), allocated Rs 5,700 crore every year, covers five major schemes—the Indira Gandhi National Old Age Pension Scheme (IGNOAPS), the Indira Gandhi National Widow Pension Scheme (IGNWPS), the Indira Gandhi National Disability Pension Scheme, the National Family Benefit Scheme and the Annapurna...

The finance ministry is planning to change the face of banking in the Red corridors at the tribal heartlands of India. The move is part of the government decision to redraw its law and order management and development plans in view of the growing Naxalite menace threatening the Indian state. As the banks, like any other government institutions bear the brunt of Naxalite terror, Finance Minister Pranab Mukherjee is mooting the...

Is the Planning Commission too singularly focused on reducing food subsidy and intending to dissuade people from buying subsidized food rations even as the government spends thousands of crores to store excess grains in its stocks? Is it being penny wise but pound foolish? An internal note of the Plan panel suggests so. A note prepared by the panel reveals some startling information. On April 1, 2010 -- normally the...

WTO Director-General Pascal Lamy told trade delegates in a fax on 12 May that cotton has become a “litmus test” for the “development dimension” of the Doha Round. At a recent review of the issue’s standing in WTO talks, some countries, such as Tanzania, alleged that no progress has been made since 2005. Leonce Kone, the trade minister from Burkina Faso - a cotton-exporting Least Developed Country (LDC) - joined Geneva-based...