-Frontline The problem in rural India is not one of too much credit to poor households that leads to debt waivers that damage bank balance sheets, but one of inadequate access to credit from formal sources. IF Reserve Bank of India Governor Raghuram Rajan is to be believed, efforts to help Indian farmers by providing them with cheap(er) credit and relieving them of an unsustainable debt burden only harms them in the...

-The Indian Express Thefts from the public distribution system (PDS) are consistently rising and, according to the latest data for FY12, were a little over Rs 48,000 crore - or roughly the same as the median loss estimated by the CAG for the telecom scam of 2008. Just that unlike the 2G scam, the PDS theft happens every year. And its value rises as the costs of wheat and rice go up...

-The Hindu When the National Democratic Alliance government amended the land acquisition Act through an ordinance last week, it promised to set farmers and industry on an amiable path to mutual benefits and development. Land acquisition under the 1894 Act had been marked by violent protests, even police firings at farmers. The Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement (LARR) Act, 2013, is the first law on...

-The Hindu Business Line   The CAG report details how these have neither helped industrial development nor boosted the economy Nearly a decade after the Special Economic Zones Act was brought into force, it is evident that the move has not helped industrial development. After examining SEZs in terms of background and objectives, fiscal incentives and facilities, approval process and administration, as well as life cycle, State-wise distribution and overall performance, parts of a...

-The Hindustan Times Jaipur (Rajasthan): The state government has decided to follow the Madhya Pradesh model of sustainable livelihood by convergence in Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS). This was decided at a review meeting of panchayati raj (PR) and rural development (RD) departments by the chief minister. "We saw their presentation in the meeting of Union minister Birendra Singh on December 16 in Jaipur in which RD heads...