For the Government of India the first phase of the national solar mission has been a grand success. It not only managed to attract industry to invest in the generation of an energy considered costly, but also dramatically drove down the cost of producing this energy. In its celebration, little did the government realise that a major conglomerate had subverted rules to acquire a stake in the solar mission much...

-IANS   Concerned over the poor 11 percent fund utilisation of the Rahul Gandhi-driven Bundelkhand package worth Rs.7,000 crore, the central government will review its performance Monday.   Following Congress general secretary Rahul Gandhi's intervention, the central government had sanctioned Rs.7,000 crore package two years ago for development of the backward Bundelkhand region, spread across Uttar Pradesh and Madhya Pradesh.   Even as politics hots up in the run up to the Uttar Pradesh assembly elections...

-The Telegraph   RBI governor D. Subbarao has expressed concern over Bengal’s low credit-deposit ratio, which means that funds from the cash-starved state are actually meeting the borrowing needs elsewhere. The erstwhile Left government used to blame banks for the skewed ratio. But bankers have blamed it on the poor credit absorption capacity of rural Bengal because of fragmented land holdings — a fallout of the land reforms. After a meeting with chief minister...

Farmers are joining India Inc in mind, body and spirit. In a quiet revolution underway across the countryside, growers are setting up companies, replete with balance sheets, professional CEOs, board of directors, and income tax returns.  By pooling together the land and produce of their shareholders, these companies are signing lucrative deals with large retail chains, food companies and exporters keen to establish reliable supply chains. As many as 200 companies...

Chief minister Nitish Kumar’s ambitious new effort on land survey and consolidation could become another perilous flirtation with the hornet’s nest. Days after its unveiling at the presentation of the first annual report card of Nitish’s second term, a top minister in his cabinet sounded both alarm and caution on the land survey proposal. “Land, as the chief minister himself knows, is an extremely sensitive and volatile issue,” he told The...