Confusion continues to reign in the debate on microfinance that has unfolded following the promulgation of the Andhra ordinance, soon to be replaced by Andhra Pradesh Micro Finance Institutions (Regulation of Money Lending) Act, 2010. A key confusion has been that microfinance is a major instrument of poverty alleviation. Going by the available scientific evidence and agreement among scholars, to-date, there exists no compelling study linking the expansion of microfinance to...

Rising temperatures are reducing yields and altering the distinctive flavour of a popular beverage. Climate change is affecting the cultivation of Assam tea, with rising temperatures reducing yields and altering the distinctive flavour of India's most popular drink, researchers say. High hills and abundant rainfall make the north-eastern state of Assam an ideal place to grow tea, with 850 gardens over 3,20,000 hectares (5,93,000 acres) producing the majority of the country's...

In more ways than one the calendar year 2010 would go down the memory lane as a watershed year for the food and agriculture front in the country which recorded unprecedented growth rate of 4.4 per cent in July-September quarter but by December unprecedented price hike of essential food items especially left consumers in tears.   As the year comes to an end, an embattled government and the Union agriculture ministry stood...

With fresh arrivals of onions from Gujarat, Rajasthan and Maharashtra, Central agencies on Monday announced their decision to sell them through their outlets at Rs. 35 a kg, setting it as a benchmark price. The variety, however, was poor in quality and low in quantity. In the retail open market and retail chains, onion prices remained around Rs. 50 a kg, garlic price was unchanged between Rs. 250 and Rs. 280...

Over 4,000 Chakma tribal people in Mizoram have been starving for the past few weeks, a non-governmental organisation said Thursday. "Over 800 Chakma tribal families comprising over 4,000 men, women and children in four villages in Chakma Autonomous District Council (CADC) areas of southern Mizoram have been starving for several weeks," New Delhi based Mizoram Chakma Development Forum (MCDF) said in a letter to the Mizoram government. MCDF president Hemanta Larma said:...