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Department of Posts seeks Rs 1,900 crore from government for banking -Urmi A Goswami

-The Economic Times NEW DELHI: The government's earnestness to change the lives of millions untouched by high-street banks is being tested with a proposal from its own department of posts. Armed with an amazing network of offices, the department has sought Rs 1,900 crore from the Centre to launch a bank that would connect with the aam aadmi in Indian villages and far-flung areas where few institutional lenders have a presence. Financial...

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Policymakers need to create more opportunities for small farmers, UN report

-The United Nations Small-scale farmers - who produce the majority of food in the developing world - need to be better integrated into markets to reduce global hunger and poverty, the United Nations food and agricultural agency today reported urging more nuanced policymaking for smallholder farmers. "Policy interventions that aim at encouraging greater levels of smallholder production for sale in markets need to take better account of the heterogeneity of smallholder households,"...

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No Country For Countrymen -Arun Sinha

-Outlook As the Manmohan Singh government makes evident its unfriendliness to villages, the nation hurtles towards disaster. It's a danger no one wants to face. Prime Minister Manmohan Singh has been trying for years to make us believe that agriculture is a vast marshland in which a huge population is stuck ankle- to neck-deep and it is his duty to rescue them. "Our salvation lies in moving people out of agriculture," he...

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A case of misplaced euphoria -Vani S Kulkarni and Raghav Gaiha

-The Hindu     In spite of the rosy picture painted by the World Bank, the prospect of eliminating extreme poverty remains distant In a protracted period of gloom and persistent recession with feeble signs of recovery in a large part of the developed world, the World Bank, Brookings Institution and others can be forgiven for their euphoria over the accomplishment of a key Millennium Development Goal (MDG) - of halving extreme poverty in...

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Who killed Namdeo?-Sreelatha Menon

-The Business Standard The latest suicide in Vidarbha underlines the need for flexible loan repayment norms for farmers Is it better to give compensation to dead farmers, or to provide loans and insurance to those who are alive? In the case of a majority of cotton farmers in Maharashtra, who are struggling against shrinking land size, production costs and debts, there is neither credit or insurance when alive nor compensation on death. Farmers caught...

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