-IANS West Bengal will increase to 50 the job days under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) from 19 till date in this fiscal and hold talks with banks to ensure wages at the end of each working day. "Under MGNREGA, the average minimum days of work was 19 days in our state," state Panchayat andRural Development Minister Subrata Mukherjee told reporters here Tuesday. "We target that the number of...
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Food security: Delivering the promise efficiently by Ashok Gulati, Jyoti Gujral & T Nanda Kumar
To banish hunger and malnutrition from the country, Parliament is likely to pass the National Food Security Bill (NFSB). In our earlier article on this issue, Can we Afford Rs 6-Lakh-Cr Food Subsidy Bill in 3 Yrs? (ET, December 17, 2011), we concentrated on the likely financial implication that we estimated at roughly Rs 6,00,000 crore over a period of three years. In this piece, we address the operational challenges...
More »Kisan credit cards to double up as debit cards by Dheeraj Tiwari
The nearly 10 crore farmers who hold kisan credit cards (KCC) will soon be able to use their card as a deposit account and a debit card. This will help the government scale up its financial inclusion plan quickly without relying on bank accounts alone. KCC, which has been instrumental in faster delivery of credit to farmers, is like an overdraft account with a bank that has to be operated through a...
More »DDA to deliver 8,000 houses for lower income groups this year
-The Hindu One lakh LIG/EWS housing units to be ready in three years Delhi Development Authority vice-chairman G. S. Patnaik on Tuesday reaffirmed the Authority's intention to deliver one lakh housing units for low-income and economically weaker sections of society within three years. He said construction of 20,040 EWS houses using prefab-technology was progressing and he expected to deliver 8,000 of these units in 2012. Mr. Patnaik said that 12,000 demand letters were...
More »Ore clouds Jindal kick-off by Sambit Saha
The corruption paranoia, blamed for the policy paralysis at the Centre, is threatening to take a toll on Bengal by clouding the timetable of the much-delayed Jindal steel plant at Salboni. Banks and financial institutions are unwilling to give loans to the project because of uncertainties surrounding the mining sector. The Jindal project may require loans totalling Rs 10,000 crore in the first phase to build a 3-million-tonne plant. The proposed Salboni...
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