When it comes to increasing wealth, legislative experience, it turns out, beats the best investment planning hollow. An analysis of the assets of re-contesting legislators certainly suggests that – with the growth in their assets being more than what investing in gold, mutual funds or fixed deposits would yield. According to analysis of affidavits done by the Association for Democratic Reforms and National Election Watch, the percentage rise in assets of...

On December 15, the Andhra Pradesh legislative assembly cleared a bill to regulate microfinance institutions (MFIs) in the state. The bill replaces an ordinance issued in October following 54 suicide deaths allegedly due to coercive methods of loan recovery by MFIs (see ‘Death by Default’, Down To Earth, November 30, 2010). The bill mandates MFIs to be registered with the district authority to collect installments at the panchayat office and restricts...

Even as railway minister Mamata Banerjee opposes government’s role in acquiring land for private companies , the contentious land acquisition (amendment) bill figures in the list of business for the winter session of Parliament beginning next week. The bill has been hanging fire in the wake of opposition from the Trinamool Congress leader, who recently skipped a meeting convened by finance minister Pranab Mukherjee to evolve a consensus within the ruling...

The West Bengal government has decided to distribute land, free of cost, to poor farmers and landless agricultural labourers by buying land from willing landowners, offering them a price which may be higher than the market value. More than two lakh families are likely to be benefited by this step, which is expected to add an important dimension to the sphere of land reforms. Finance Minister Asim Kumar Dasgupta told The...

KEY TRENDS    • The total number of civilians killed and injured during police firing in 2016 was 92 and 351, respectively. The total number of civilians killed and injured during police lathi-charge in 2016 was 35 and 759, respectively #$   • In 2015, the NCRB recorded over 73 lakh complaints of cognizable crimes. Cognizable crimes are relatively serious offences for which police officers do not need a warrant from the magistrate to investigate, such...