-Hindustan Times Prime Minister Narendra Modi on Wednesday launched the Mudra bank which will provide loans of up to Rs 10 lakh to small entrepreneurs including shopkeepers and beauty parlour owners, hoping that it will promote growth and create jobs. Short for Micro Units Development and Refinance Agency Bank, the financial institution will act as a regulator for micro-finance institutions (MFIs). Mudra Bank will have a corpus of Rs 20,000 crore, Modi said...
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Govt planning to relax laws to allow children below age 14 to work in select family businesses -Chetan Chauhan
-Hindustan Times The government plans to relax child labour laws and allow children below the age of 14 to work in select family enterprises if it doesn't hamper their education, saying it wants to encourage learning at home as it leads to entrepreneurship. A draft provision in the Child Labour Prohibition Act says the prohibition on child labour will not apply if they are helping the family in fields, forests and home-based...
More »Tribal Farmers of MP plough lonely furrow without govt help -Padma Shastri
-Hindustan Times Jhabua/Alirajpur: The poor tribal Farmers ploughing the rocky surface of steep hillocks at a height of more than 700 feet in western Madhya Pradesh belie the state government's claims about making agriculture a profitable profession. Overcoming problems posed by the undulating terrain, rocks located barely six inches below the surface and the lack of irrigation facilities, the tribes people eke out a livelihood by growing maize, millet, urad, tuar and...
More »How to get ourselves a better land law -Sanjoy Chakravorty
-The Hindu Business Line The Congress law and the BJP's amended version both fail to address the lack of transparency in property deals A toxic mix of hypocrisy, amnesia, opportunism, ignorance, and paternalism has led to a mess on the land acquisition legislation. It seems certain that whatever law we end up with is going to be bad law. It will not serve the primary purpose of any eminent domain law -...
More »Protecting the small farmer -Ananth Gudipati
-The Hindu Reviving the Farm Income Insurance Scheme could be the best tool for small and marginal Farmers to fight falling prices in an increasingly globalised marketplace. Data from the recently held National Sample Survey Organisation (NSSO) survey show that close to 60 per cent of rural households are dependent on agriculture for their livelihood. More than half of them are at risk of defaulting on their debts with either banks or...
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