Recognising the impact of schemes such as the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), President Pratibha Patil on Thursday called for their further utilisation in the agriculture sector in the emerging scenario of “farm labour shortage and food security.” The President's comments are significant in the context of Union Agriculture Minister Sharad Pawar's recent letter to Prime Minister Manmohan Singh urging him to suspend the MGNREGS during crop harvesting...
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Death as a way out by Jayati Ghosh
It is clearly the absence of political will rather than a paucity of ideas that is responsible for the country's agrarian crisis. EXACTLY seven years ago this month, the Commission on Farmers' Welfare, appointed by the government of Andhra Pradesh, submitted its report to the then Chief Minister, Y.S. Rajasekhara Reddy. His Congress government assumed office earlier that year replacing the Telegu Desam Party regime led by N. Chandrababu Naidu, which...
More »Rupee depreciation needs to be viewed holistically; not necessarily a 'train crash': Amartya Sen
-The Economic Times Nobel laureate and professor of economics at Harvard University, Amartya Sen believes developed world policies are worsening the global crisis and leaving emerging economies exposed. During an interaction with the press, he also said the recent rupee depreciation needs to be viewed holistically and is not necessarily a 'train crash'. Excerpts: What is your assessment of the current global situation? I think the global situation is pretty bad...
More »Centre to set up Rs. 1,000-crore fund to promote housing for poor by P Sunderarajan
It will provide credit risk guarantee to banks on the loans Prime Minister Manmohan Singh on Tuesday announced that the Centre was considering setting up a credit risk guarantee fund with a corpus of Rs. 1,000 crore, to start with, to encourage banks to lend to the poor for housing. Emphasising that developing housing for the poor was critical for sustainable urban development, he said: “To encourage banks to lend in significant...
More »Corruption leading to unequal access, use and distribution of land–UN report
-The United Nations Corruption caused by weak governance is leading to unequal land distribution and poor resource management, according to a United Nations report released today, which argues that this lack of transparency is undermining social stability, investment and growth in developing countries. Weak land governance occurs as a result of low levels of transparency, accountability and the rule of law, the report says, which strains “the rules, processes and institutions that...
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