Despite its slackening industry, the common perception of West Bengal as a backward state has little substance when one looks at the facts. Most of us are conditioned to view economic development in terms of industrialisation. While industrialisation is essential for economic transformation, it is not as if economic growth is not possible without it. The sectoral structure of India's gross domestic product (GDP) and its slow transformation makes a good...
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Food security law: NAC heading for confrontation with PMO
Heading for further confrontation with Prime Minister’s Office, Sonia Gandhi headed National Advisory Council will soon issue a paper to counter the PM’s Expert Committee’s claim that its proposed National Food Security law cannot be implemented. In its first indication of the confrontation, the NAC on Friday issued a draft of the proposed food security law as per its recommendations to the government in October 2010 to cover 75 % of...
More »Microfinance: misunderstood, Malegamed by MS Sriram
A generally beleaguered microfinance industry was eagerly waiting for Yezdi Malegam for deliverance. Any conversation about the microfinance business would end with the expectation that the Malegam committee would deliver a healthy dose of oxygen to the choking microfinance industry. The report was expected to be the panacea for all that ails microfinance in India. The report, which came out on Monday, disappoints not only in its inability to meet these...
More »Medical Board set up on Netai compensation
The West Bengal Government has constituted a medical board to decide on the beneficiaries of compensation in the firing in Netai village in Lalgarh on January 7. While Rs. 2 lakh would be paid to those killed in the firing on a crowd of villagers, allegedly from the house of a CPI(M) leader, Rs 1.5 lakh would be paid to those critically injured and Rs 50,000 to persons with less grave...
More »Assocham to promote organic farming in UP
To promote organic farming in Uttar Pradesh, industry body Assocham has decided to adopt five districts in the state. “The Assocham has decided to develop five districts in UP as organic districts and a delegation of the association will soon meet chief minister Mayawati in this regard,” its general secretary D S Rawat told PTI. He said under the plan, training will be imparted to farmers of these districts, besides promoting medium...
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