The rural poor in Andhra Pradesh, a State showcased as a model for SHG-bank linkage, are caught in the vortex of microfinance. WITHIN a decade of their coming into operation, microfinance institutions (MFIs) have dealt a serious blow to the economy and the well-being of thousands of families in rural Andhra Pradesh. Harassment by their collection agents has allegedly driven at least 60 borrowers to death, and the number is...
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Centre agrees to high-level monitoring panel in Chhattisgarh case by J Venkatesan
“Schools and hostels now being occupied by security forces must be vacated” Supreme Court orders police protection to one of the petitioners With the petitioners in the ongoing PIL case on Salwa Judum asking for the formation of a high-level committee to oversee the rehabilitation of displaced persons in Chhattisgarh and deal with criminal matters arising from the activities of the state-sponsored anti-Naxal movement, the Centre, through the Solicitor-General, on Thursday told...
More »Ending misuse of land acquisition laws by Ram Singh
Frequent and unrelenting protests against land acquisition seem to have compelled political parties to take the issue seriously. The Centre has promised to introduce a redrafted land acquisition Bill during the winter session of Parliament. As per official pronouncements, the Bill will provide for higher compensation to the affected parties. Besides, acquisition for private companies will be restricted to less than 30% of the total land required for the project. However,...
More »Obama Visit and Indian Agriculture: Profit Surge for American MNCs and Peril for Indian Farmers! by Vijoo Krishnan
A lot has been said and written about the visit of Barack Obama, the President of USA to India. The corporate media was in the usual over-enthusiastic drive to bring to its readers and viewers all minute details about his visit from where he stayed and what he ate to how many warships, planes and cars accompanied him and how a whopping $200 million was spent per day for the...
More »Tributes paid to LC Jain by Gargi Parsai
Close associates and friends fondly remembered Gandhian social activist L.C. Jain at a prayer meeting held in his memory at the Gandhi Peace Foundation (GPC) here . The former High Commissioner and former Member of the Planning Commission passed away on Sunday after an illness. Separately the Planning Commission passed a resolution at a condolence meeting chaired by Deputy Chairman Montek Singh Ahluwalia recalling Mr. Jain's extraordinary services to the nation....
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