For the Government of India the first phase of the national solar mission has been a grand success. It not only managed to attract industry to invest in the generation of an energy considered costly, but also dramatically drove down the cost of producing this energy. In its celebration, little did the government realise that a major conglomerate had subverted rules to acquire a stake in the solar mission much...

-The Economic Times   The IMF wants to increase its lending capacity by $1 trillion, to rescue distressed countries in the eurozone plus those hit by aftershocks from the eurozone.  But US is struggling with fiscal problems of its own, Japan now has the highest debt/GDP ratio in the world (over 200%), and Europe is moving into an austerity phase. Clearly, a significant chunk of the new trillion will have to come from...

The National Bank for Agriculture & Rural Development, or Nabard, has started lending directly to infrastructure projects out of its own resources for the first time in 30 years, in an attempt to diversify its activities and make itself relevant at a time when the dynamics of the rural market are changing.  Essentially a refinance bank till recently, Nabard has created a Rs 1,000-crore special window for lending to build core...

The frequency of incidents of farmers committing suicides is “unimaginable” in West Bengal, State Left Front chairman Biman Bose said here on Friday.  “The government had fixed a target of 20 lakh metric tonnes for procurement of paddy from peasants in the State. According to reports, it has only collected 2 lakh metric tonnes so far,” Mr. Bose, who is also the State secretary of the CPI(M), told journalists.  Stating that paddy...

-The Hindu The government on Monday proposed the setting up of a parliamentary panel to go into the issue of farmer suicides in the wake of contradictory figures emerging from the States and the Union Home Ministry's National Crime Records Bureau. The suggestion came after the government was cornered in the Rajya Sabha, during the reply to the debate on the agrarian crisis, leading to two quick adjournments and a walkout by...