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Why microfinance is not half the villain it seems to be by R Jagannathan

A man, crawling on all fours, is searching for something under a tree on a hot summer’s day. A curious passerby stops and asks: “What are you looking for?” The man replies: “I’ve lost my watch.” The passerby asks: “Are you sure it fell near this tree?” The answer: “It’s cooler looking in the shade”.Governments work something like this. They do what they think is easier to do rather than...

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Bombay HC stays Env Min's direction to Lavasa to stop construction

The Bombay High Court on Tuesday stayed Environment Ministry's direction to Lavasa Corporation to stop construction. However, Lavasa Corporation voluntarily agreed not to carry out any work till December 14. On November 25, MOEF issued a show-cause notice to Lavasa, demanding an explanation as to why it did not obtain clearances as per rules under Environment Protection Act, amended by notifications in 1994 and 2004. MOEF also asked the corporation,...

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Pawar: enhance farm production to implement Food Security Act by Sarabjit Pandher

No proposal to revise Minimum Support Price Despite demands from Punjab, Haryana, Uttar Pradesh, Chhattisgarh and Madhya Pradesh, there is no proposal with the Centre to revise the Minimum Support Price (MSP) or announce any bonus for wheat, paddy and sugarcane crops. However, it is working towards a system of ensuring remunerative prices under which farmers do not require any concessions in future, according to Union Food and Agriculture Minister Sharad...

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Debt ridden farmer commits suicide in Maharashtra

A farmer on Monday committed suicide due to bad crops and under the fear of non-payment of debt taken from the moneylender in Maharashtra's Thane District.The farmer was identified as Govind Patil, who had taken loan from a moneylender for growing crops.Meanwhile, farmer's association has requested the government to waive off all debts of the deceased farmer."The farmer who has committed suicide, his all debts should be waived off and...

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Panel proposes UID-linked direct subsidy by Utpal Bhaskar

The government is planning a complete overhaul of the way the power sector is financed and subsidies are delivered, attempting to address a funding shortfall delaying the construction of electricity projects and worsening a chronic power deficit that threatens to sap growth in India’s energy-hungry economy.This exercise is based on a report submitted by a panel headed by Montek Singh Ahluwalia, deputy chairman of the Planning Commission, to the power...

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