Land acquisition and involuntary displacement have been the fountainhead of enormous destitution of millions of invisible people since Independence. Generations of those sacrificed for ‘development’ are farmers and farm workers, and many are fragile tribal people and forest gatherers. By coercive displacement and dispossession, governments pauperise its poorest people, and its food-growers, so that the ‘nation’ can prosper and grow. Rage at persisting State injustice of coercive displacement frequently spills onto...
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Rural poor left out in financial inclusion
-The Indian Express Financial inclusion in India seems to be far from inclusive. Out of a total of 5,165 new branches opened in 2011, only 21.86 per cent are rural branches, says a study. A Growth Rate of more than 700 per cent in urban Customer Service Points (CSPs) over the last year points towards the latest trend of urbanisation among Business Correspondents (BCs). Although there is not much difference between growth...
More »Correction course in MP stirs debate by Maitreyee Handique
Madhya Pradesh is betting cash incentives will curb population growth and improve the ‘life cycle’ of the girl child, but experts question the efficacy of such policies in addressing deep-rooted social prejudices Visitors trudging down the dusty village road are greeted by a giant billboard featuring a smiling Shivraj Singh Chouhan, the chief minister of Madhya Pradesh, hugging two young girls. The tagline in Hindi reads: Gaon ki beti, kisse chhoti...
More »Commodities and Corruption by Prabhat Patnaik
Capitalism is supposed to bring in modernity, which includes a secular polity where ''babas'' and ''swamys'', qua ''babas'' and ''swamys'', have no role. Many have even defended neo-liberal reforms on the grounds that they hasten capitalist development and hence our march to modernity. The Left has always rejected this position. It has argued that in countries embarking late on capitalist development, the bourgeoisie allies itself with the feudal and semi-feudal...
More »Food Bill could unleash new wave of inflation: Raghuram by Devjyot Ghoshal
India’s fiscal policy is not supportive of monetary measures that the country’s central bank is employing to fight rampant inflation, the prime minister’s honorary economic advisor and former International Monetary Fund chief economist Raghuram Rajan said, while singling out the proposed Food Security Bill as a particular cause for concern. The Bill, which proposes to give about 68 per cent of population the legal right to subsidised food, will not only...
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