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Why microfinance is not half the villain it seems to be by R Jagannathan

A man, crawling on all fours, is searching for something under a tree on a hot summer’s day. A curious passerby stops and asks: “What are you looking for?” The man replies: “I’ve lost my watch.” The passerby asks: “Are you sure it fell near this tree?” The answer: “It’s cooler looking in the shade”.Governments work something like this. They do what they think is easier to do rather than...

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UP food scam: A timeline

The food scam in Uttar Pradesh could well turn out to be the mother of all scandals and indications are that it could well be worth Rs 2 lakh crore. Here is a timeline of the scam. Nov 2004 | Prashant Chaturvedi, principal secretary, food and civil supplies, seeks information from the railways about loading of rakes for transporting foodgrain to Bangladesh & some other foreign countries Dec 2004 | Railways provide...

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Differences over second phase of commitment to Kyoto Protocol by Meena Menon

EU wants balancing package with adaptation, technology, finance, REDD plus and capacity-buildingAs the high-level segment of the U.N. cLIMate change conference began here on Tuesday, the second period of commitment to the Kyoto Protocol (KP) has become a contentious issue. After Japan's statement on the opening day of the conference last week that it was not in favour of committing itself to a second phase, things had taken a downturn.The...

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Consider concerns over Jaitapur nuclear project: CPI

The Communist Party of India on Wednesday asked the Centre to take into account public demonstrations in Maharashtra against the setting up of nuclear power plants there and raised environmental issues connected with the Jaitapur project.It urged the government to make public the contract signed between French and Indian nuclear power companies.Demanding that the government review the environmental clearance to the Jaitapur plant, the CPI also flagged issues of public...

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Labour shortage in the fields drives farmers to tractors by Shally Seth

Pawan Goenka noticed something unusual last year—tractor sales were cLIMbing even though India had its worst monsoon in more than three decades and farm output dropped 2.8% in the three months to December last fiscal. The umbilical cord that tied rainfall patterns and tractor sales seemed to have been ruptured. The president of auto and tractor maker Mahindra and Mahindra Ltd offers an interesting explanation to this puzzle: growing labour shortages...

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