One of the most intriguing features of India's agrarian economy in recent years is the persistence of agrarian distress in many regions, even while agricultural credit flow has risen sharply. Rising flow of credit to agriculture is normally associated with buoyancy in the farm sector. A closer look at the data on agricultural credit reveals that what is termed agricultural credit may have very little to do with agriculture, the...

Banks have designated red zones where the vast majority of Muslim clusters fall. This fact is confirmed by the rash of banking-related complaints received by the National Commission for Minorities. A little over a year ago, Ali Arshad, a resident of Okhla in Delhi, went to a well-known private sector bank to open a bank account. He thought his case would be fast-tracked because he had a banking background, he worked...

In a small hamlet in Andhra Pradesh’s Ghatkesar district, 20km from Hyderabad, Indus Academy is one of four schools offering private education for the poor. Run by Career Launcher India Ltd’s foundation, its three single-storey buildings house around 40 children in the age group of 4-10. The walls of the school are festooned with bright-coloured pictures, and the school boasts a laptop, a television, a DVD player and plentiful study...

Investments in agriculture in developing countries can be structured in a way that they become an alternative to large-scale land acquisitions to ensure that small-scale farmers do not lose their land rights, according to the findings of a United Nations-backed study released today. International initiatives on agricultural investments should go beyond trying to minimize the negative impacts of large-scale land acquisitions and, instead, promote investment models that improve opportunities for...

Corruption and human rights issues continue to be neglected by companies despite ongoing interest in United Nations-led efforts to ensure ethical corporate conduct, according to the findings of a new survey by a global initiative that seeks to foster responsible business practices. The UN Global Compact surveyed a total of 1,044 businesses in 97 countries, representing nearly 20 per cent of all of the initiative’s participants last year, and the...