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Andhra Pradesh to challenge SC interim order on SKS-Dinesh Unnikrishnan

-Live Mint State govt says did not receive notice from SC before order was issued; SKS shares fall 19.63% in intra-day trade Mumbai: Andhra Pradesh, once the largest market for microlenders and home to India's lone listed such institution SKS Microfinance Ltd, said on Thursday it would challenge the Supreme Court's recent interim order allowing the company to resume operations in the southern state, driving the stock down by almost 20%...

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Forest Rights Act: Good, Bad and Ugly

Groups from across India gathered in Delhi recently to assess the Forest Rights Act’s journey since 2006. The law is often dubbed as ‘landmark’ because it ended the age-old illegality surrounding communities living in forest areas by entitling them to individual and community land title. It also went beyond the colonial paradigms of the forest bureaucracy to recognise community efforts at protecting and preserving forests. Numerous groups and individuals working...

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Private banks reluctant about rural lending -Dinesh Unnikrishnan

-Live Mint Experts say private banks achieve lending obligations by buying out loans from non-banking entities Most private banks in India have not been able to meet the needs of farmers although they are expanding their rural and semi-urban branch network. This is why the Reserve Bank of India (RBI) is insisting that at least one-fourth of the branches of the new banks that will be given a licence must be located...

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Breathing dust-Omar Rashid

-The Hindu In the absence of safety gear, silica mine workers suffer the worst consequences Shankargarh, a block along the south-western fringes of Allahabad district in Uttar Pradesh, is widely known as a large supplier of silica sand to the glass industry. The area is rocky and unfit for cultivation, leaving its major inhabitants- the Kol tribe, and Chamar and Kumbi castes little option but to engage in stone quarrying and sand...

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A Tale of Two Elections-Prasenjit Bose

-Pragoti The magnificent victory of the CPI(M)-led Left Front in Tripura - winning 50 out of the 60 seats – and the success of the LF candidate in the Nalhati by-election in West Bengal has been interpreted as a “re-emergence” of the Left parties by a senior CPI(M) leader. This does not seem to be a rigorous assessment. While the fifth consecutive win by the LF in Tripura is a matter of...

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