The National Bank for Agriculture and Rurual Development (NABARD) will pay greater focus on financing through 'Joint Liability Groups' (JLs) in Kerala as it is found more effective way of priority sector lending. JLs are informal groups of even 4-10 individuals joining together for the purpose of availing bank loans through group mechanisms against mutual guarantee. According to NABARD's State Credit Plan 2011-12, financial inclusion through JLGs would be deepened in partnerships...

About 5,000 tribal villagers agitated against the Maithan Power Limited here today. According to the tribals, Tata Power purchased 1,200 acres land from 1,600 families for the project, a joint venture between Tata Power and Damodar Valley Corporation. They maintained they were promised jobs for every family in lieu of the land they gave up, but no jobs have been provided so far. "Till now, 90 percent of the work has been completed,...

Two large industrial projects, one poor state, two likely different outcomes — and a long-haired, flamboyant environment minister-turned-crusader starring in both. No, this is not your latest blockbuster but it has the makings of one. As reported Monday, Posco, the South Korean steelmaker, cleared a major regulatory hurdle in its bid for a massive steel project in Orissa. An environment ministry panel gave clearance for an initial steel production capacity of...

The Andhra Pradesh government has begun consultations with all political parties to find a solution to the farmers’ crisis, the issue on which former Chief Minister N. Chandrababu Naidu has been continuing an indefinite hunger—strike for the last one week. An all party meeting, chaired by Chief Minister Chief Minister N Kiran Kumar Reddy began here, to resolve the crisis that erupted after farmers lost their crops in the recent rains. Mr....

Non-governmental organisation BAIF Development Research Foundation is encouraging Tribal farmers to take up tree-based farming on degraded wasteland around their plots under a unique model of sustainable growth since the beginning of this year. A movie, Wadi', depicting this agri-horti-forestry effort was launched in the city on Wednesday. To begin with, the model was implemented in the Nashik, Ahmednagar and Thane districts of Maharashtra and in Gujarat, Karnataka and Rajasthan....