AS HE FINISHED an animated anecdote-filled account of how they wrested a tworoom apartment in return for bulldozed homes on the banks of the Sabarmati, Rajendra Nathalal Choudhary turned towards a middle aged man and said, “This is all thanks to Mohammad bhai. He inspired us to unite and fight for our rights. If not for him, we would have been homeless.” Mohammad bhai blushed, in the way a middle-aged man...
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Inflation moving fast towards the double-digit mark
With food prices showing no signs of abating and the impact of the fuel price hike in the latest budget making its presence felt, inflation moved fast towards the double-digit mark, touching 9.89 per cent in February, the highest in 16 months. The wholesale price-based inflation stood at 8.56 per cent in January. This could well cross the double-digit mark in March, experts said. Finance Minister Pranab Mukherjee had earlier said the...
More »Danger of inflation by CP Chandrasekhar
WELL before Budget 2010-11 was presented, inflation had emerged as the principal economic problem in the country. With food-price inflation running at close to 20 per cent, even the United Progressive Alliance (UPA) government at the Centre had been forced to recognise it as a problem that deserved as much attention as the objective of achieving a 9 or 10 per cent rate of growth, if not more. In fact,...
More »Women's bill will impact caste struggle in India: Experts
Encouraging women's participation in politics, the historic bill to reserve 33 percent of seats for them in parliament and the legislatures will impact the country's political scenario, the patriarchal system and the caste struggle in rural India, experts say. Bibhu Mahapatra, consultant of the United Nations Development Programme (UNDP) project on Legal Empowerment, said: 'The 73rd constitutional amendment, passed in 1992, gave constitutional recognition to local self governance and reserved 33...
More »Bank at your doorstep
Technology is helping public sector banks find customers in rural India. This is part of the Centre’s efforts to include villages in the organized financial system; to ensure they are not cheated of their wages. Pilots show promise The current state of rural banking in the country is poor. A recent report, by the National Sample Survey Organization, revealed that 51.4 per cent of the 89.3 million total farmer households in...
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