-Express News Service In what could strengthen the case of those seeking lifting of the Armed Forces (Special Powers) Act (AFSPA) from parts of J&K and insurgency-hit North-East, the National Human Rights Commission (NHRC) has said the AFSPA “remains in force in Jammu & Kashmir and the North-Eastern States, conferring an impunity that often leads to the violation of human rights”. This (continuation of AFSPA), a report prepared by the NHRC...
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Growth and Exclusion by Prabhat Patnaik
The 11th five-year plan promised the nation “inclusive growth”. It marked a departure from the earlier official position that the “benefits of growth” would automatically “trickle down” to the poor, and that if growth was not actually benefiting the poor, then the reason lay in its not being high enough. The 11th plan, by contrast, conceded that the “benefits of growth” did not automatically “trickle down”, but argued that growth...
More »Improve credit delivery in rural areas: RBI to pvt banks by Somasroy Chakraborty & Manojit Saha
At a time when the government and regulators are emphasizing inclusion and increase in credit delivery to those without access to formal sources of finance, private sector banks are found to have low credit-deposit ratios in rural areas as compared to public sector counterparts. In a recent interaction at the state-level bankers committee (SLBC) meeting, in which Reserve Bank of India governor D Subbarao was present, bankers brought this to the...
More »Railways tops slowcoach list by Mahendra Kumar Singh
Railways tops the list among infrastructure projects that missed the deadline, causing huge cost overruns to the exchequer. Among the 134 rail projects monitored by the government, 101 were facing delays leading to cost overrun to the tune of Rs 56,609.3 crore, an increase of 153.5%. There are 26 projects running behind schedule - ranging from two to 213 months - leading to the rise in cost by Rs 20,575 crore....
More »Survey tiptoe on land minefield by Sankarshan Thakur
Chief minister Nitish Kumar’s ambitious new effort on land survey and consolidation could become another perilous flirtation with the hornet’s nest. Days after its unveiling at the presentation of the first annual report card of Nitish’s second term, a top minister in his cabinet sounded both alarm and caution on the land survey proposal. “Land, as the chief minister himself knows, is an extremely sensitive and volatile issue,” he told The...
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