The spurt in farm credit by commercial banks, including regional rural banks, has interestingly not led to any let-up in distress in the agrarian economy -- a mystery that continues to baffle academics, policy planners and, more recently, bankers Last week, a clutch of bankers and policy wonks gathered in Bangalore to review recent trends in farm credit. On the face of it, credit to the farm sector is on an...

It has to be but a means to development, not an end in itself Is India doing marvellously well, or is it failing terribly? Depending on whom you speak to, you could pick up either of those answers with some frequency. One story, very popular among a minority but a large enough group—of Indians who are doing very well (and among the media that cater largely to them)—runs something like...

-The Hindu   As the head of the largest trade union federation, Sharan Burrow represents the face of the worker at the high-tables of the world. Ms Burrow is the general secretary of the International Trade Union Confederation (ITUC), which represents 175 million workers in 153 countries. Ahead of this week's G20 Summit in Cannes, Ms. Burrow has, in meetings with the International Monetary Fund (IMF) and European leaders, warned of the...

Caught in the middle of a maelstrom of controversies, the Planning Commission has been accused of being disconnected from ground realities. Its 12th Plan hopes to fix that. A short while ago, the Congress general secretary and scion of the Nehru-Gandhi dynasty, Rahul Gandhi, remarked that members of the Planning Commission are not in touch with the ground realities in India. He could have been somewhat influenced by his father, former...

Biraj Patnaik, principal adviser to the Supreme Court commissioners on the right to food, is up in arms against the National Food Security Bill. “Despite multiple meetings and many suggestions put forward, what we have is a mockery of a bill. The government has made a dog’s breakfast out of the right to food bill,” he exclaims. Patnaik’s is not a one-off complaint. Some argue that the country’s law-making process is...