Floods are vital to Kaziranga; dams on the upper reaches of the Brahmaputra could disrupt the balance A few weeks ago, much of the grasslands of Kaziranga National Park were under water. The monsoon floods bring with them their own set of problems—some of the animals, for instance, have to be rehabilitated—but they are required for the very existence of the park. The annual floods of the Brahmaputra creates grasslands, floodplains, and...
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In 8 yrs, Cong income up by seven times by Gopu Mohan
What can power do to a political party’s financial health? Quite a lot, it seems. An RTI query by a Chennai-based activist shows that the income of India’s longest-ruling national party, the Indian National Congress, increased from Rs 69.55 crore in 2002-03 to a whopping Rs 467.57 crore in 2010-11. Documents accessed by activist V Gopalakrishnan show that the jump is even more evident when figures from 2003-04 are compared with...
More »MFIs: Still in the doldrums by Shruti Sarma
MFIs in Andhra Pradesh are paying for the sins of their past. Market for new loans has dried up, banks have turned off their spigots while the AP government is content to sit back and watch. It has been eleven months since the Andhra Pradesh government issued an ordinance—later converted into the Andhra Pradesh Micro-Finance Institutions (Regulation of Money Lending) Act—which, the microfinance industry hoped, would be the magic remedy that...
More »Ways Of Owning, Ways Of Belonging by Neha Bhatt
Why we are doing this story * Tribal lands are under pressure across India. In Orissa, they have been holding out against big corporates like Vedanta and Posco. *** From afar, the fumes rising from factory chimneys in Gujarat’s industrial belt make them seem like skyscrapers on fire. It’s a grey rust-and-chemicals stretch that they call, without irony, the Golden Corridor. It extends all the way from the north of Ahmedabad, through...
More »Black money in Swiss banks down 50% since '06
-The Times of India The information on tax evaders and those who have stashed unaccounted money abroad has started trickling in, with the government admitting for the first time that total Deposits of Indians in Swiss banks have come down by more than 50% in the last five years. The total liabilities of Swiss banks towards Indians have declined in the last five years. The Deposits of Indians have come down from...
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