Activists and many residents blame a hydel project for the growing frequency of landslides in some Uttarakhand villages. THE nearly 3,500 residents of Bhatwadi village along the Uttarkashi-Gangotri highway in Uttarakhand saw their world come crashing down around them on the night of August 12/13. A massive landslide that hit the village formed cracks up to five metres wide on the highway and these crept up the hills to over 100...
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Banks may find it tough to ensure microfinance companies don’t charge high rates
Banks will have to put in place a mechanism to verify that microfinance institutes (MFI) they finance do not charge exorbitant rates to the final borrowers. The finance ministry has asked banks to ensure that MFIs, whom banks are financing, do not lend at rates more than 24% — all inclusive rates — to the ultimate borrowers. Some banks have recently inserted a clause while lending to MFIs that they...
More »Dark clouds over cotton scheme by Rakhi Jagga
When it was launched by the Centre 10 years ago, the Intensive Cotton Development Programme came as a ray of hope for cotton farmers in Punjab. The scheme was meant to enhance production through technology transfer, supply of quality seeds and educating and training the farmers — promising them a beautiful tomorrow. But 10 years down the line, the scheme has remained where it was for the cotton farmers, caught in...
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KEY TRENDS • Maternal Mortality Ratio for India was 370 in 2000, 286 in 2005, 210 in 2010, 158 in 2015 and 145 in 2017. Therefore, the MMRatio for the country decreased by almost 61 percent between 2000 and 2017 *14 • As per the NSS 71st round, among rural females aged 5-29 years, the main reasons for dropping out/ discontinuance were: engagement in domestic activities, not interested in education, financial constraints and marriage. Among rural males aged...
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KEY TRENDS • Section 105 of the Right to Fair Compensation and Transparency in the Land Acquisition, Rehabilitation and Resettlement Act, 2013, which provides for excluding 13 Central legislation, including Land Acquisition (Mines) Act 1885, Atomic Energy Act, 1962, Railway Act 1989, National Highways Act 1956 and Metro Railways (Construction of Works) Act, 1978, from its purview, has been amended for payment of compensation with rigours $ • The amendments have now...
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