Depressed over his crop getting damaged due to frost, a farmer attempted suicide by consuming pesticide in Madhya Pradesh's Damoh district Monday. It was the second such incident in the past three days in the district. The BJP government denied that any farmer had tried to kill himself due to debt. State Minister and government spokesperson Narottam Mishra told reporters: 'No farmer has committed suicide due to debt and there is...

Microcredit is losing its halo in many developing countries. Microcredit was once extolled by world leaders like Bill Clinton and Tony Blair as a powerful tool that could help eliminate poverty, through loans as small as $50 to cowherds, basket weavers and other poor people for starting or expanding businesses. But now microloans have prompted political hostility in Bangladesh, India, Nicaragua and other developing countries. In December, the prime minister of...

Though the number of farmers’ suicides in Maharashtra registered a fall of 930 in 2009, the state with 2,872 suicides continued to be the worst in the country, 10th year in a row, according to the latest National Crime Records Bureau (NCRB) data. The data released in December 2010 confirms a rising trend, with at least 17,368 farmers killing themselves in India in 2009, up by 1,172 from 2008. At least 1,27,151...

‘Akshardham, CWG Village on Yamuna bank shouldn't have got nod' Neither the Commonwealth Games Village nor the Akshardham Temple should have been allowed to be built on the Banks of the Yamuna, according to Environment Minister Jairam Ramesh. He proposes to issue a River Regulation Zone notification to protect riverbeds from such harmful constructions in the future. “The manner in which the Yamuna riverbed has been devastated by constructions should be a...

In a bid to facilitate agriculture and rural development in the backward state, Nabard today launched a Rs 25,019 crore credit plan for Orissa during 2011-12. The credit plan was launched by state Finance Minister Prafulla Ghadai at the state level credit seminar here. While annual credit plan for the state during the current fiscal is Rs 16,915 crore, it was increased by 48 per cent for 2011-12. While agricultural...