According to the National Bank of Agriculture and Rural Development (NABARD) data on loans given out by nationalised and cooperative banks, there are more farmers doing agriculture in Delhi than Madhya Pradesh, Uttar Pradesh, Karnataka and West Bengal. The farmers in Delhi were allotted loan of Rs 22,077 crore in 2009 alone at mere 5% rate of interest, which is the second highest after agriculture-rich Punjab. Delhi’s loan disbursal amount is bizarre,...

The three partners of the Left alliance will agitate for implementation of the recommendations of the D Bandopadyaya Commission on land reforms. Releasing the manifesto of the CPM here on Wednesday, its state secretary, Vijaykant Thakur, said that the Left alliance would also ask the government to bring in drastic land reforms on the pattern on Tripura, West Bengal and Kerala. He claimed, "In our manifesto, the Left parties have given alternative...

SKS Microfinance, India's largest microfinance player, arrived with a bang with its hugely successful IPO in August. However, the recent sacking of its MD and CEO Suresh Gurumani  has opened up a pandora's box that is now threatening to expose the ugly underbelly of the sector which, many allege, is teeming with players who are no better than moneylenders but have so far been able to operate under the pious...

Nearly one-third of the 597 districts received deficient rains this monsoon season, which otherwise saw excess to normal falls across the country after a drought year. Out of 597 meteorological districts for which data are available, 173 districts (29 per cent) received deficient rains, while 11 got scanty falls this season, said the End of Monsoon Season report of the weather office. On the brighter side, 240 districts (40 per cent) received...

In an attempt to break the deadlock over the Land Acquisition (Amendment) Bill and the accompanying Resettlement and Rehabilitation Bill, finance minister Pranab Mukherjee has invited Trinamool Congress chief and railway minister Mamata Banerjee for talks on October 25. Ms Banerjee, who has strong reservations over the twin pieces of legislation, is, as per Trinamool Congress sources, unlikely to relent. Ms Banerjee’s stand is that the state should have absolutely no...