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'Low food prices to hit output' by Sreelatha Menon

In its zeal to make low-priced food available to as many as possible, the majority on the National Advisory Council may deal a mortal blow to farmers and output, warn farmer groups. The proposal to distribute low-priced foodgrain to 80 per cent of the rural population has nothing in it to incentivise cultivation. Vijay Jawandhia of the Shetkari Sangathana says the least the NAC could have done was to recommend that...

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MFI interest rate on loans likely to be capped at around 24 pc by Mashusudan Sahoo and George Mathew

Interest rates on loans from microfinance institutions (MFIs) are likely to be capped at around 24 per cent. Currently, MFIs are charging 26-40 per cent on small loans extended to their rural customers — many of whom are yet to get even a bank account — while urban customers get personal loans at 12 per cent from commercial banks. Though neither the RBI nor the government has fixed any ceiling on...

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Prabhat Patnaik, Professor at CESP, Jawaharlal Nehru University and vice-chairman of the Planning Board of Kerala interviewed by R Krishna

Last month, leaders from 185 countries met in New York to take stock of progress in achieving the Millennium Development Goals (MDGs) — which include, among other things, eradicating poverty and hunger, reducing child mortality, improving maternal health — that were set in 2000 by the United Nations. The aim was to achieve these goals by 2015. But 10 years down the line, the world is way behind targets in achieving...

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Forever Stuck in a Cycle of Debt and Death by Uddalak Mukherjee

According to the National Crime Records Bureau, since 2003, one Indian farmer has committed suicide every 30 minutes. In 2008, 16,196 farmers took their own lives, bringing the total number of farmer suicides in India between 1997 and 2008 to 199,132. (Significantly, P. Sainath is of the opinion that like all government data, these figures too are unreliable. For when women farmhands kill themselves, their deaths are not enlisted as...

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Economist Arjun Sengupta cremated

The body of Arjun K. Sengupta, a developmental economist of repute and Rajya Sabha member from West Bengal, was cremated at the Lodhi Crematorium here on Monday. He was 73. Dr. Sengupta, who died on Sunday evening at the All-India Institute of Medical Sciences after a brief illness, is survived by his wife Jayshree and daughter Madhura. Born in Kolkata on June 10, 1937, Dr. Sengupta finished high school at the Mitra...

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