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UP farmers' protest over cane arrears turns violent -Swati Mathur

-The Times of India LUCKNOW: A day after sugarcane farmer Satyapal Singh killed himself in Bastauli village of Lakhimpur Kheri, around 200 villagers stormed into the compound of Balrampur Sugar Mill's Buleria unit, protesting against the non-payment of cane arrears. The farmers, who said they intended to cremate Singh's body at the gates of the sugar mill, also vandalised the factory compound, looted the canteen and beat up the mill's chief security...

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UP sugar mills run 'ponzi scheme' to pay farmers' dues -Anil Sasi

-The Indian Express On the surface, the sugar crisis in Uttar Pradesh may seem to be inching closer to a resolution. But cane farmers may have unwittingly mortgaged their land, signing up for crop loans from public sector banks, with the money so raised being used by the mills to pay arrears of a different set of farmers. This model, of mills rotating working capital loans from banks, to deliver pending payouts...

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Detroit is broke, Indian cities limping too -Surojit Gupta

-The Times of India NEW DELHI: Drive to any Indian city. Chances are you will wade into chaotic traffic and roads full of potholes. You'll see choked drains, overflowing and smelly bins and streetlights that don't work. The reason for the mess isn't difficult to unravel. Most of our municipal bodies are cash strapped, unable to take care of the city's needs. The workforce is poor. Given the indifferent reputation of urban...

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Reforms’ unintended fallout -Ashoak Upadhyay

-The Hindu Business Line A mint-fresh working paper by the Reserve Bank of India once again trains the spotlight on a problem that, for five decades, every policy-maker has planned to snuff out, failed to, and then wished it would go away if ignored. But financial exclusion simply hasn't, and we now have the central bank applying its forensic skills to an examination of its magnitude. The title of Working Paper Series...

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