The spurt in farm credit by commercial banks, including regional rural banks, has interestingly not led to any let-up in distress in the agrarian economy -- a mystery that continues to baffle academics, policy planners and, more recently, bankers Last week, a clutch of bankers and policy wonks gathered in Bangalore to review recent trends in farm credit. On the face of it, credit to the farm sector is on an...

Global climate strategy needs a new storyline. The original United Nations Framework Convention on Climate Change (UNFCCC) (“Plan A”) was signed almost 20 years ago, but lacked the specifics to drive real action. The Kyoto Protocol aimed to resolve this by curbing emissions from the industrialised world, but the US refused to play its part (Plan B). Just as Kyoto came into effect in 2005, the world was changing, with...

Why is it that the Anna Hazare-led movement against corruption does not seek to have the Lokpal cover NGOs, corporate houses and the corporate media? Gautam Navlakha (gnavlakha@gmail.com) is a member of the People’s Union for Democratic Rights, Delhi.   It would be churlish to dismiss “Team Anna’s” mass mobilisation which is an assertion of our collective right to protest. This is especially so in view of the fact that after having waited...

-Live Mint   The poor remain poor because they lack resources. And the formal finance sector does not want to lend them because they are too poor, costs are high and they hardly have anything to offer as collateral. That is, they are trapped in the vicious circle of poverty. This was so until the arrival of microfinance—successfully demonstrated by the Bangladesh model that the poor are “good” borrowers. It was held...

As we close in on 20 years of Manmohanomics, it's worth remembering one chant the chattering classes uttered, first with pride, later to console themselves. “Whatever you say, we have the most honest man in Dr. Manmohan Singh. And no one can speak a word against him.” It's less heard now — those affections having been transferred to other punters in the honesty sweepstakes. But growing numbers do say this...