Some 10 lakh to 30 lakh migrant labourers take up skilled or semi-skilled work in Kerala. THE State Bank of India has a branch near the Raj Bhavan in Thiruvananthapuram, in a by-lane on the avenue leading to the Kowdiar Palace, the residence of the former maharajas of Travancore. It is a cosy little place on the first floor of a nondescript building, and the clientele includes the rich and...
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Fraud turns spotlight on desi millionaires
Citibank manager Shivraj Puri’s alleged fraud on wealthy clients has swivelled the spotlight on the growing number of high net-worth individuals whose money banks rush to manage for a fee. The wealth of high net-worth individuals (HNIs) — defined as those who have “investable assets of at least $1 million (around Rs 4.5 crore) — in India is estimated at a staggering $477 billion and is rising each day. According to the...
More »When palm oil cultivation is no longer attractive by MJ Prabu
On the National Conference on Oil Palm at Vijayawada in Andhra Pradesh (the largest producer in the country), Mr. M.C. Rao, palm oil farmer, Gajapati district, Orissa, stated, “Just like several Government agricultural departments, officials at the conference painted a false, bright, and positive picture about the prospects of the oil palm plantation for farmers taking up this cultivation.” “As usual the policy makers miserably failed to read the pulse of...
More »Revamping foodgrain policy by CSC Sekhar
THE issue of foodgrain management policy has assumed renewed importance with several reports in the media of large-scale wastage and diversion from the public distribution system (PDS). In a cogently-argued paper recently, Prof Kaushik Basu, a well-known economist and the chief economic adviser in the ministry of finance, has argued for foodgrain to be released in lots of much smaller size into the market, than is presently done by the...
More »Comprehensive Plan Needed for Helping the Homeless by Bharat Dogra
No matter how tired we are in the course of a difficult day’s work, there is always the reassuring feeling that at the end of the hard work we’ll go back to sleep in the comfort of our home. But there are millions of people in our cities who simply do not have a home. The homeless of our cities suffer the most; yet they are the most neglected. No...
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