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Super rich defaulters push Indian banks towards collapse

-DNA What is worse is that just the top 30 cases of default account for a Rs 1.21 lakh crore, which is almost 40% of the Non Performing Assets (NPAs) in banks. The upper middle class, who usually takes loans of over Rs 1 crore, accounts for 33% of the total NPAs.  It's not the poor farmers or the middle class who are defaulting on their loans. It's the country's super rich,...

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Delhi hangs sword over NGOs -Ananya Sengupta

-The Telegraph New Delhi: Tweaks the home ministry has proposed to rules governing foreign funding for NGOs will leave these organisations at the mercy of the government's unilateral interpretations of what violates an undefined idea of "national interest", social activists have said. More than the suggested new rules themselves, put up on the ministry website for feedback yesterday, it's the mandatory declaration proposed for NGOs at the end that critics have termed...

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Monsoon drop alarm -GS Mudur

-The Telegraph New Delhi: The summer monsoon weakened across large swathes of India in the past century, scientists said today, linking the reductions in rainfall to hitherto-unobserved trends that they say portend a Dangerous drying of the Indian subcontinent. Scientists at the Indian Institute of Tropical Meteorology, Pune, said they had identified a significant weakening trend in summer rainfall between 1901 and 1912 over central and northern India, the Ganga-Brahmaputra basins and...

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Disabilities Rights Bill: Activists worried over guardianship -Zubeda Hamid

-The Hindu The problem with guardianship in any form, is that it tends to be of a "blanket" form – the denial of all decision-making capabilities. A person with a psychosocial or developmental disability needs her guardian’s permission do a number of things that most people would consider routine: opening a bank account, getting married, managing property, entering into a contract, obtaining insurance, and even making a will. The reason? The enabling...

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The Importance of Being 'Rurban': Tracking Changes in a Traditional Setting -Dipankar Gupta

-Economic and Political Weekly A categorical distinction is facing rough weather--that between urban and rural. If we take just agriculture, there is so much of the outside world that comes in not just as external markets but as external inputs. Further, many of our villages barely qualify as rural if we were to take occupation alone. So the earlier line that separated the farmer from the worker in towns is slowly...

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