In 1957, the Communist Party of Kerala became the first democratically elected communist government in Asia. While many in the West feared that this election would help communism spread across South Asia and make Kerala the "Yan'an of India", the Keralite communists' actions were checked by Jawaharlal Nehru and the Congress party's control of the federal coffers. Instead, from within the political bounds of India's divided government, Kerala initiated what has...
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Sardar Sarovar: 40,000 families still to be resettled
Comprehensive review of resettlement sites vital: Medha Patkar Calling for a review of resettlement sites for the people affected by the Sardar Sarovar dam and of the irrigation project itself, Medha Patkar, leader of the Narmada Bachao Andolan (NBA) said, there were as many as 40,000 families still in the submergence area, waiting to be resettled. “Initially, the [Narmada Water Disputes] Tribunal, which gave the award, estimated the number of families affected...
More »Staff of microfinance companies held on harassment charge
The Andhra Pradesh Police on Friday said it has arrested three people working with SKS Microfinance and Spandana on a complaint of harassment by a borrower, and might book the companies' respective promoters Vikram Akula and Padmaja Reddy under a new Ordinance to check coercive methods of loan recovery. The borrower, Ammulu, filed the complaint with the Yemmiganur police station in Kurnool district, about 270 km from Hyderabad, last night. A...
More »A non-starter from the start by Girish Agrawal
Paan kheti [betel vine cultivation] is our lifeline…why does the government want to destroy it and force us into being labourers?” asked Niranjan, a 60-plus-year-old farmer who would lose his betel vines to the Posco steel project in Orissa. This is one of the questions that haunted us,when we, a group of US-based researchers interested in the new economy of globalised India, started looking into the Posco project. We had...
More »Malegam to head RBI panel on microfinance by Dinesh Unnikrishnan
Financial sector expert Y.H. Malegam will head a Reserve Bank of India (RBI) panel to look into the functioning of microfinance Institutions or MFIs and their regulations. The MFIs are in the business of giving tiny loans. Kumar Mangalam Birla, Shashi Rajagopalan and U.R. Rao – all on the boards of the Indian central bank – and RBI deputy governor K.C. Chakrabarty are the members of the panel. The committee, which will...
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