-The Financial Express Seven years after MGNREGA came into being, the CAG report tabled on Tuesday in Parliament paints a dismal picture of the UPA's flagship rural employment guarantee programme. According to the CAG, while employment generation fell from 54 days per household in FY10 to 43 days in FY12, states that account for 46% of the rural poor - Bihar, Maharashtra and UP - utilised only a fifth of the...
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Land 'grabs' expand to Europe as big business blocks entry to farming-John Vidal
-The Guardian Land rights not just issue for developing world as report shows public subsidies help a few firms 'grab' vast tracts of EU land Vast tracts of land in Europe are being "grabbed" by large companies, speculators, wealthy foreign buyers and pension funds in a similar way to in developing countries, according to a major new report. Chinese corporations, Middle Eastern sovereign wealth and hedge funds, as well as Russian oligarchs and...
More »Water: India’s Big Resource Challenge
The ongoing droughts and water crises in Maharashtra and Gujarat point to the multiple conflicts the beleaguered and scarce resource of water is likely to spark in the coming years. India is today the world’s largest consumer of groundwater, but it is clear that how we extract, harvest, distribute and manage our most precious resource cannot proceed along usual lines. The unsustainable over-extraction is heralding a fall in the water-table and...
More »Why India's welfare plans are anti-poor-Laveesh Bhandari
-The Business Standard A CACP study shows how the Fisc, rising farm wages and international forces are stoking inflation It's good to see that independent thought is still present in the government. When one part of the government comes out with a serious and objective piece on how the government itself has been responsible for creating food inflation, hopefully the government is more likely to take note. The Commission for Agricultural Costs and...
More »Kisan Credit Cards: Bad loan bubble waiting to burst?-Dinesh Unnikrishnan
-Live Mint Subsidized loans given to farmers through KCCs could very well be the next big source of NPAs for banks Mumbai: A surge in exposure to farm debt through Kisan Credit Cards (KCCs) could emerge as a risk for India's state-run banks, according to experts. Subsidized loans are given to farmers through KCCs by state-owned banks. Until March 2012, the outstanding amount on such loans was`1.6 trillion through 20.3 million cards, as...
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