The Fifth Schedule of the Constitution, the 73rd amendment and the landmark PESA and Forest Rights Act (FRA) have progressively acknowledged the rights, and special powers of the Gram Sabha in deciding developmental projects as well as playing a role in protecting the ecology and forests. But a clutch of clever exemptions in recent months are ensuring that centralised authorities take away the same powers through the back door, without routing...

-Live Mint High court asks state to review law in light of proposed national regulations to govern the sector The Andhra Pradesh high court on Monday upheld a law that led to the near demise of the microfinance industry towards the end of 2010, but asked the state government to review the legislation in the light of proposed national regulations to govern the sector.   News of the review sent the stock of the...

-The Economic Times Brands may be spending million to promote an eco-friendly-image, but when it comes to actual sales, organic and 'planet-friendly' products have failed to move cash registers for retailers, whether it's fresh produce, groceries or even clothing. Top food retailers like Future Group, Reliance Retail and Spencer's Retail say sales from organic vegetables, fruit and food products account for less than 2 per cent of total food sales, even three...

-The Times of India The UPA-1's Rs 52,000 crore farm loan waiver scheme is turning out to be a big financial scandal. Out of 1 lakh farm loan waiver accounts audited in 700 bank branches across the country — involving disbursement of Rs 500 crore — about 30% of the waiver amount was allegedly found to have been siphoned off by a nexus of bank managers and microfinance institutions (MFIs). A comptroller...

-Outlook UPA’s populist trumpcard of 2008—the farm loan waiver—has fallen short of its intended target, as a CAG audit throws up The Scheme     2008 Union finance minister P. Chidambaram announces farmer debt waiver and relief scheme in budget; PM Manmohan Singh writes to beneficiaries “seeking their support”     Rs 52,275 cr Total money that was disbursed to eligible farmers across the nation as part of loan waiver scheme     Rs 50,000 The loan...