The Samajwadi Party's resounding victory in the Uttar Pradesh assembly polls is certain to add more heft to the Federal Front - the alliance of non-Congress, non-BJP chief ministers put together by West Bengal chief minister Mamata Banerjee. Mulayam Singh Yadav's party was handed a decisive mandate by the electorate, and it will not have to be dependent on Congress, or any other party for its survival. The snub by voters in...
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Small farmers still excluded from formal financial channels
-The Economic Times Small and marginal farmers who constitute more than 80% of total farmer households in the country face exclusion from formal financial channels," says the Nair Committee on priority sector lending. The same report says "commercial banks have been prescribed targets since late 1960s for priority sector lending". The banking system failed the farmers and the needy despite nationalisation, but is there a viable model that could help the millions...
More »Rural poor in India better off than urban poor: Unicef
-The Hindustan Times Poor households of urban India are emerging hotspots for hunger and ill-health and children there live in worse conditions than in rural areas, says a new UN report released on Wednesday. The United Nations Children’s Fund (Unicef) report -- state of the world’s children 2012 -- say that like most parts of the world, children living in around 49,000 slums in India are "invisible". Half of these slums are in...
More »Here’s evidence that NREGA is actually destroying jobs by R Jagannathan
Is the Mahatma Gandhi National Rural Employment Guarantee Scheme (NREGA) a poverty buster? Or is it a job destroyer? The answer seems to be both, though the scheme of late, has been bedevilled by corruption and many states have lost their enthusiasm for it, forcing the rural development ministry to revamp the scheme last week (read here about the changes). While the scheme has been attacked for many reasons – bloating rural...
More »Climate change threat to food produce in India, says study by Indrajit Bose
'Erratic rainfall and rising input costs forcing farmers to migrate' “Unable to clear a loan of Rs 2 lakh, my son committed suicide. I had to sell my ancestral house and cattle to repay the loan,” says Lakshmi Devi, 48, of Pathakotha Cheruvu village in Andhra Pradesh’s Anantapur district. Devi's woes did not end with the repayment of loan. Managing her farm is becoming increasingly difficult, partly because it is expensive,...
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