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Consumer forum stays water privatisation in Khandwa-Soma Basu

-Down to Earth Town's municipal body asked to first address objections filed by residents The decision of the municipal authorities of Khandwa, a medium-sized town in Madhya Pradesh, to hand over water supply services to a private company, has been stalled. The Consumer Forum of Khandwa stayed the notification for water supply privatisation on December 31 and asked the city’s civic body to address all the objections raised by residents against the...

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Where buying a motorcycle can spark a riot-S Anandhi and M Vijayabaskar

-The Hindu Refusal by Dalits to work as agricultural labour and to perform menial duties plus their relative economic improvement have made them the targets of caste violence In the recent violence against the Dalits in Dharmapuri district in Tamil Nadu, about 300 of their houses were burnt down and other properties destroyed by the Vanniars, a numerically strong intermediate caste, sections of whom have been economically stagnant. The immediate cause for...

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CEOs give new land acquisition Bill the thumbs down

-The Business Standard The Bill will negatively impact new projects, with land acquisition cost going up by as much as 150%, say industry captains After the initial euphoria, leaders of India Inc are realising that the proposed Land Acquisition, Rehabilitation and Resettlement Bill will not make their lives easier. Instead, it will negatively impact new projects, with land acquisition cost going up by as much as 150 per cent, making large projects...

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India’s employment elasticity almost zero-Manas Chakravarty

-Live Mint High growth hasn’t led to more jobs  The years between 2004-05 and 2009-10 saw some of the highest rates of gross domestic product (GDP) growth for India. The problem, however, is that this high growth hasn’t led to more jobs. Employment elasticity—which is a measure of how employment varies with economic output—has come down dramatically. The Planning Commission says that employment elasticity has come down “from 0.44 in the first half...

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As farmers suffer, NABARD offers soft loans to corporates-Shalini Singh

-The Hindu Private companies get loansat 6.5% with additional cash refunds; for farmers it is 7% The National Bank for Agriculture and Rural Development (NABARD), which is dedicated to promoting rural development by providing soft loans to State governments for social sector projects, has given hundreds of crores as loans to corporates on concessional terms. In the Union Budget of 2011-12, Rs. 18,000 crore was allocated by the Centre to NABARD’s Rural Infrastructure...

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