The implementation of the Scheduled Tribes and Other Traditional Forest Dwellers (Recognition of Forest Rights) Act, 2006 has created controversy in West Bengal. The gram sabha, the basic unit in the process of forest rights recognition, has been replaced by the gram sansad, denoting the village level constituency under the panchayati raj system. This has been followed by contiguous arrangements as well as initiatives which are inconsistent with the Act....

Insurance regulator IRDA has imposed a penalty of Rs 5 lakh each on two life insurers, state-run Life Insurance Corporation (LIC) and HDFC Life Insurance, for failing to meet rural and social sector obligation in 2008-09, Parliament was informed. The Insurance Regulatory and Development Authority (IRDA) has imposed a fine on LIC and HDFC Standard Life Insurance for non-compliance under the rural sector target during 2008-09, Finance Minister Pranab Mukherjee...

Jharkhand’s implementation of the Centre’s flagship scheme to grant land rights to forest dwellers has been extremely poor, ringing hollow promises by successive governments to uphold rights of over three lakh tribals of the state. According to a report prepared by a 19-member committee constituted by the Union ministry of environment and forests, 24 districts of Jharkhand had granted land rights to a mere 7,207 forest dwellers under Scheduled Tribes and...

The rise in global wheat prices by almost 50% in less than two months as commodity markets factor in a sharp drop in exportable surplus has not touched India, among world’s biggest producers and consumers of wheat. What’s more surprising, domestic futures prices too are unlikely to show any appreciable rise, going by the trend in India’s commodity markets. Barring minor blips, August and September wheat futures at NCDEX, largest exchange for...

The 2010 Seeds Bill that has been introduced in Parliament does address some of the major concerns in the aborted 2004 version, but strangely a number of important correctives – on regulation, consistency and punishment – that had been incorporated in the 2008 version (which lapsed in 2009) have now been modified or dropped altogether. What forces are pushing the government to act against the interests of India’s farmers? The third...