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Asset quality, less credit to rural areas a concern: RBI

-The Economic Times   The Reserve Bank today expressed concern over asset quality of banks and lower credit flow to rural areas, despite the fact that performance of Indian banks improved during the 2010-11 period.  In its report titled 'Trend and Progress of Banking in India 2010-2011', RBI said that the Indian banking sector demonstrated continued revival from the peripheral spill over effects of the recent global financial turmoil in 2010-11, but despite...

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Farmers dump paddy for more profitable vegetables by Nidhi Nath Srinivas

Sivadasan's five-acre farm used to be a solitary patch in Kerala's Palakkad district, with bitter gourd, cucumber, cow peas and lady's finger growing amid a landscape dotted with paddy fields and plantations of rubber and spices.  Just five years later, more than 1.45 lakh farmers in the southern state have joined Sivadasan and started growing vegetables, reflecting a palpable shift sweeping across the Indian countryside.  "Vegetables are always more profitable than paddy,"...

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Falling Through The Cracks by Ananthapriya Subramanian

Two stories on two days, both from Delhi and both shocking in their revelations. Both involved child abuse. The first story was about a university professor on the run, allegedly after it came to light that he had employed a 10-year-old boy in his house, and worse, regularly beat him. The second story was even more mind-numbing in its details. Sanjana (name changed to protect identity), a 14-year-old girl, is...

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Ahead of Durban, major economies to meet in New York by Urmi A Goswami

The 17 major emitters are making a last ditch attempt to resolve the impasse over the fate of the Kyoto Protocol and the shape of a future global legal deal to tackle climate change. With a fortnight to the UN-sponsored climate meet at Durban, the Major Economies Forum is meeting in New York this week to hammer out a working compromise.  In the past, the US State Department-sponsored Major Economies Forum...

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Chavan says RTI slows down decision making but brings transparency

-The Pioneer   Maharashtra Chief Minister Prithviraj Chavan said on Monday that though the decision-making process had slowed down after the RTI Act came into effect, the legislation had indeed facilitated transparency in governance. “Everybody has become extremely cautious (because of the RTI Act). There is no doubt that the decision-making has slowed down. In that transition period, we are moving towards much more transparent governance which will pay us dividends in future,”...

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