Credit Constraints and Distress Sales in Rural India: Evidence from Kalahandi District,Orissa

The literature on the rural credit market in India (and elsewhere) has generally assumed that peasant farm households are rationed in their access to subsidized formal credit. Because of a lack of infrastructure and poor access to institutional credit, such farmers are exploited by means of an interlocked market connecting informal credit to the sale of paddy. The resulting gap, between the sale by a borrower of paddy at a predetermined low price, and the price of this commodity on the open market, constitutes the amount of what is termed a distress sale. The latter is itself influenced by the bargaining capacity (or lack thereof) of the peasant farmer who borrows on the informal market. Also of importance in determining whether or not a cultivator is compelled to resort to the informal credit market – and thus into an interlocked arrangement – is the need for additional liquidity to meet production costs and/or household consumption, as well as the monopsony nature of the paddy market. Data from Kalahandi district in Orissa suggest that access to formal credit is limited in rural areas although there exists a high demand for it, that a high degree of credit rationing by the formal lender occurs, and that poor implementation by the state of minimum support price policy all contribute to the need for informal loans and its attendant interlinkage.     

在趋同发展中保持政治特色是民主党派存在和发展的价值所在

政党制度是现代民主政治的重要组成部分。随着我国多党合作事业的不断发展,一方面,民主党派与中国共产党在政治基础、政治原则、政治目标上越来越趋于一致;另一方面,各民主党派之间在社会基础、成员构成、政治取向、参政内容、活动方式上的差别越来越小。在新世纪新阶段、面临新任务的情况下,应该对趋同问题加以认真思考和研究。     

国内武装冲突中的战争犯罪审判问题研究

针对国内武装冲突中的战争犯罪行为,国家立法机关应当提供必要的惩处依据。我国现行刑法、刑事诉讼法和人民法院组织法尚不能适应追究这类犯罪的客观需要。建议通过法律修正案或单行法规的形式,尽快完善相关的实体法、程序法和组织法,促进中国特色社会主义法律体系的健全发展,为军事斗争准备提供必要的法律保障。