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Who foots the huge dole for business? -Latha Jishnu

-Down to Earth Bad loans of public sector banks to business are more than double the food subsidy There are some things you simply do not do in the liberalised economy. You do not put bank loans under the lens-unless these are ballooning out of control. That is, until such loans are likely to jeopardise the entire banking system and send the economy into a tailspin. And there's another thing: you don't...

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Unkept promise -TK Rajalakshmi

-Frontline The tussle within some Central government Ministries over proposed cuts in the budget for rural development schemes has affected a promise made to senior citizens. THEIR wizened faces said it all. Though there was disappointment, there was also a glimmer of hope that their trek to the national capital would not go in vain. For almost a month, senior citizens, most of them poor, had been pouring into New Delhi from...

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India’s Watershed Development Boosts Food Security, Improves Livelihoods-Erin Gray and Arjuna Srinidhi

-World Resources Institute India struggles with water scarcity, a problem that poses especially huge implications for the country's food security and rural livelihoods. The country has long-battled its scarcity issues through Watershed Development, a participatory approach to improve water management through afforestation and reforestation, sustainable land management, soil and water conservation, water-harvesting infrastructure, and social interventions. But while watershed development has been employed in communities throughout India, its potential long-term costs...

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LS passes bill for street vendors

-The Telegraph New Delhi: The goons and police can hang their heads in shame. Together, for once. The Street Vendors (Protection of Livelihood and Regulation of Street Vending) Bill was passed in the Lok Sabha today with overwhelming support, with almost every speaker narrating how the police and criminals harass hawkers. The debate wove a tragic tale of exploitation and neglect of the poorest "entrepreneurs" of society while powerful support systems were available...

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FM P Chidambaram warns rich promoters on loan defaults

-The Economic Times Finance Minister P Chidambaram has warned corporate bigwigs against wilful defaults, reminding promoters that it was their duty to bring in additional capital if their companies got into trouble. "We cannot have an affluent promoter and a sick company," he said, in an apparent reference to the collapse of Kingfisher Airlines, owned by the flamboyant Vijay Mallya. Banks are stuck with nearly Rs 7,000 crore worth of loans they...

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