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Government pushes banks to go rural, but will it pay?-Swati Pandey and Rajendra Jadhav

-Reuters RANCHHODPURA, India (Reuters) - Working out of a tiny rented room furnished with a wooden table, small biometric authentication machine and shelf stacked with passbooks, Ganesh Dangi is a one-man bank for a village of 650 people in northwestern Rajasthan. A business correspondent, or local representative, for State Bank of Bikaner and Jaipur (SBBJ) in Ranchhodpura village, 40 km (25 miles) east of Udaipur, Dangi is racing to sign up villagers...

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The power of populists and naysayers-NC Saxena

-The Indian Express The growing influence on policy issues of activists who call themselves “civil society” is a worrying trend and needs to be objectively analysed. Two recent policy pronouncements will illustrate how government seems to be yielding to their pressure. It is well established that absenteeism of teachers and poor quality of outcomes in government schools is the main factor behind the popularity of private schools with poor infrastructure that cater...

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Understanding FDI in Retail: What Can Economic Principles Teach Us? -Abhirup Sarkar

-Economic and Political Weekly The recent debate on the acceptability of foreign direct investment in the retail sector in India has been mostly political. It is necessary to look into the pros and cons of FDI in retail from a purely economic point of view. This article identifi es the safeguards that should be undertaken before allowing giant multinationals to function in the country. Abhirup Sarkar (abhirup@isical.ac.in) is with the Indian Statistical...

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Land unrest set to increase in India: study-Kumar Sambhav S

-Down to Earth Enforcement and strengthening of laws that protect land rights of tribals and forest dwellers recommended Disputes over land rights, which have turned violent in recent years with communities taking on authorities, are set to rise India. Land requirement for industrial projects in India are set to be triple in the next 15 years, and with this conflicts over land acquisition are going to increase, according to a new study. Currently,...

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For profit, not people-Sitaram Yechury

-The Hindustan Times With UPA 2 having carried the day on the motions disapproving foreign direct investment (FDI) in India’s multi-brand retail trade sector, the crescendo for a fresh round of GenNext reforms has reached a higher pitch. The editorial in this newspaper titled The slog overs have begun (Our Take, December 10) states, “Now that FDI in retail is through, the UPA must push ahead with other reforms.” The Congress-led coalitions...

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