-The Hindu The shortened lifespan of the quarry workers of Uttar Pradesh is spent breaking stones and residing among the pollution- laden boulders Mired with sandy roads and rocky terrain, the landscape in south-western Allahabad creates a remarkable mirage under the blue sky. Some of the larger rocks here have sizeable craters formed in them -- a sign of their depletion over time, by an activity that is hazardous yet critical to the...
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Tussle over road exit policy -Sobhana K
-The Telegraph The National Highways Authority of India has accused the Planning Commission of "inconsistencies in stand", saying they are creating confusion and delaying decisions on its projects. NHAI chairperson R.P. Singh has quoted instances - in a letter to commission member B.K. Chaturvedi - where the Planning Commission had taken a diametrically opposite stand from its earlier position that investors should be allowed to exit from finished projects rather than wait...
More »Tankers and the economy of thirst-P Sainath
-The Hindu The water markets of Marathwada are booming. In the town of Jalna alone, tanker owners transact between Rs.6 million and Rs.7.5 million in water sales each day Thirst is Marathwada's greatest crop this season. Forget sugarcane. Thirst, human and industrial, eclipses anything else. Those harvesting it reap tens of millions of rupees each day across the region. The van loads of dried-out cane you see on the roads could end...
More »Rural folks driving own economy with self-sustaining models -Rupali Mukherjee
-The Times of India MUMBAI: Indian villages are powering their own economy, but contrary to conventional belief , it's not government largesses which are the drivers, but their own self-sustaining models. Growth at the bottom of the pyramid is at unprecedented level, and the transformation is stark. The factors driving this transformation are dramatic improvements in rural roads, electrification, cell phones and water supply which are raising wages and increasing job opportunities...
More »FM P Chidambaram warns rich promoters on loan defaults
-The Economic Times Finance Minister P Chidambaram has warned corporate bigwigs against wilful defaults, reminding promoters that it was their duty to bring in additional capital if their companies got into trouble. "We cannot have an affluent promoter and a sick company," he said, in an apparent reference to the collapse of Kingfisher Airlines, owned by the flamboyant Vijay Mallya. Banks are stuck with nearly Rs 7,000 crore worth of loans they...
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