It is two weeks now that the state cotton federation has launched procurement but not a single farmer has turned up to sell cotton at its collection centres because of the huge gap between minimum support price and the open market rates. But private traders are now being accused of cartelising in order to pull down prices as it has become a buyers` market. Nearly half a dozen incidents of clashes...
More »SEARCH RESULT
A cut above the rest, MFIs in East ease borrowers’ pain by Atmadip Ray
Amid the heat and dust over high interest rates charged by microfinance institutions and reports of coercive recovery methods by some lenders in Andhra Pradesh, MFIs in eastern India are trying to strike a more cordial note with borrowers by lowering interest rates. At least three MFIs based out of Kolkata are on the verge of slashing lending rates by nearly 500 basis points to 19.1% per annum, on reducing balance...
More »Shortchanged by Manoj Mitta
For Sonia Gandhi, the change could not have been more dramatic. Just last year, her contribution in pushing for the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) was hailed as the single largest reason for the fresh mandate received by a government avowedly dedicated to the aam aadmi. Yet, last week, Gandhi, as chairperson of the National Advisory Council (NAC) was reduced to lodging a complaint with Prime Minister...
More »‘Corruption in media affects the health of democracy' by Mohammed Iqbal
The “paid news syndrome” in the media should be resisted as part of a larger struggle for democratic rights because corruption in the media directly affects the health of democracy. The struggle has to be waged in the context of media's corporatisation, monopolistic trends and structural decline. These views emerged at a day-long seminar on “Abridging Freedom and Fairness of the Media: Combating Challenges,” organised by the Rajasthan Working Journalists' Union,...
More »Ensure all NREGA workers get their due: Sonia to PM by Seema Chishti
National Advisory Council chairperson Sonia Gandhi has requested Prime Minister Manmohan Singh to give “suitable directions” to rescue the MNREGA and ensure that all workers get paid in accordance with the Minimum Wages Act (1948). In a letter dated November 11, Sonia Gandhi, who is also UPA chairperson, has appended a 10-page note on the subject. The note details the concerns and outlines the legal arguments in support of paying workers...
More »