Lack of adequate credit - the lifeblood for any company is threatening to derail fledgling attempts by hundreds of dalit entrepreneurs to overcome deep socio-economic barriers and break into mainstream business. Without credit, such entrepreneurs would also struggle to cash-in on the Rs 7,000-crore business opportunity opened up by the central government's new dalit-friendly sourcing plan, unveiled last month. Credit disbursements to dalit entrepreneurs through 20-odd schemes run by the Ministry of...
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Anna stage too hot for political friends by Archis Mohan
Anna Hazare today appeared to betray an ambition to become the next Jaya Prakash Narayan if not a Mahatma Gandhi II, asking the Opposition to join his agitation if the UPA defeated the efforts to enact a strong Lokpal. He asked the Opposition to hit the streets and fill the jails, sounding a little like JP who had brought the Right and the Left together in his 1970s campaign against the...
More »A pill to cure all ill? by Nripendra Misra
One hopes that the hotly contested Lokpal Bill will reach its final denouement during the winter session of Parliament. In fact, the debate on corruption in Parliament and media has focused on the single demand for the establishment of an omnipotent institution of the lokpal with its powers of enforcing the citizen’s charter, establishing state-level lokayuktas and encompassing the bureaucracy from a peon to head of the department. It has...
More »Is paying Rs 127 a day for farm labour too much, Mr Pawar? by Raman Kirpal
What lies behind AgriculTure Minister Sharad Pawar’s note to the prime minister asking for a suspension of the Mahatma Gandhi National Rural Employment Guarantee Act (NREGA, for short) for three months a year? The obvious reason is that the big farmers’ lobby he represents is unhappy that NREGA has raised wages in rural areas and labour cannot be enticed to work for less. Under NREGA, labourers get paid at least Rs...
More »As losses mount, Areva goes in for huge job cuts by Vaiju Naravane
French nuclear giant Areva, which is planning to sell India six masssive1650 MWe EPR nuclear reactors for the Jaitapur site in Maharashtra, is facing serious financial difficulties with net losses in 2011 placed at well over €1 billion. Areva's CEO, Luc Oursel, announced drastic job cutbacks and the sale of over €2 billion worth of assets, essentially in the company's uranium mines sector, to offset these losses. Trading in the company's...
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