Vidarbha Jan Andolan Samiti, which is spearheading a campaign against the defunct Land Development Bank's forcible recovery drive from farmers in distressed western Vidarbha, has disputed the government claim that only big and habitually defaulting farmers are being targeted. Buttressing their charge that LDB was charging usurious rates, VJAS has highlighted the case of Purshottam Ingle of village Tigoan in Wardha, who borrowed Rs 2,90,000 in 2001 from LDB by...
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Must cut dependence on debt, reduce subsidies: PM
Prime Minister Manmohan Singh said on Saturday that the country needed to cut down on its dependence on debt to finance its developmental programmes and find ways to reduce the current level of subsidies. "The financing of the plan expenditure has depended far too much on debt. This must change," said Singh while addressing a meeting of the National Development Council (NDC), the country's top policy forum. To fund its...
More »Rotting wheat raises a stink by Gurdeep Singh Mann
Lakhs of rotten wheat bags in open godowns of different villages of Fatehgarh Sahib are emanating unbearable stench after recent rains. Villagers of Ranwan, near Khamano, and Kotla Bhaika in Sirhind are suffering due to the lakhs of rotten paddy and wheat bags lying in open godowns for the past many years. Nearly 2.5 lakh bags lying in Kotla Bhaika are creating nuisance for the villagers, who have stopped visiting the...
More »Diesel will also be freed of govt control: PM
Indicating a new-found determination to stay the course on politically sensitive reform measures, Prime Minister Manmohan Singh not only defended the recent decontrol of petrol prices but also said diesel rates would also be freed of government control. In comments while returning from the G20 summit in Toronto, the PM seemed to be in an assertive mood despite the Opposition calling a bandh to protest fuel price hikes. "The fact...
More »Food, fuel inflation ease in early June
India’s food and fuel price inflation eased in early June, easing pressure on Reserve Bank of India (RBI) to speed up its process of tightening monetary policy. India’s food price index rose 16.12% in the year to 5 June, snapping a two-week rise, and lower than the previous week’s annual reading of 16.74%, government data released on Thursday showed. The fuel price index climbed 13.18%, compared with an annual rise of 14.23%...
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