-Frontline The problem in rural India is not one of too much credit to poor households that leads to debt waivers that damage bank balance sheets, but one of inadequate access to credit from formal sources. IF Reserve Bank of India Governor Raghuram Rajan is to be believed, efforts to help Indian farmers by providing them with cheap(er) credit and relieving them of an unsustainable debt burden only harms them in the...
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Improving an unworkable law -Sanjoy Chakravorty
-The Hindu For the land-acquirer, the land act ordinance tries to lessen the indirect price of acquisition and transaction by diluting requirements for social impact assessments and referenda. For the land-loser, it not only retains all forms of compensation and rehabilitation, but also grows the number of those eligible for lucrative pay-offs The government of India continues to search for the right way to do land acquisition. Last week, the Union Finance...
More »No country for women entrepreneurs -Lubna Kably
-The Times of India A year ago, Vijayalakshmi decided to risk her decade-old corporate lifestyle to launch Design-Dreams, a web design venture, using her own funds. The BITS Pilani post-graduate may have successfully made the leap to an entrepreneur, but expects the climb ahead to be steep. "When you walk into a networking seminar, you can count the number of women on your fingers. One feels secluded and interactions are difficult,"...
More »Mostly cloudy -Shyam Saran
-The Indian Express Yet another depressing charade played out at Lima, Peru, where the 20th conference of the parties (COP) to the United Framework Convention on Climate Change (UNFCCC) concluded on December 14, with a 43-page negotiating text, with several alternative formulations for virtually every provision. It is unlikely that, within the deadline set by the Paris COP in December 2015, an agreed text will be negotiated, especially since Lima has...
More »Denial and diversion of Plan Fund: The Great Adivasi-Dalit Rip-off -Nidheesh J Villatt
-Tehelka Adivasis and Dalits have been deprived of a staggering 5 lakh crore over three decades by successive governments. On 31 August 2010, a memorable scene played out in Parliament: Finance Minister Arun Jaitley cornered the then United Progressive Alliance (UPA) government for allegedly diverting funds meant for the welfare of Scheduled Castes/Scheduled Tribes (SCs/STs) towards Commonwealth Games projects. The master parliamentarian was questioning the then finance minister P Chidambaram on the alleged...
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