-The Indian Express Unused priority sector lending funds of commercial banks will be used to set up the Rs 20,000 crore corpus of the proposed MUDRA Bank. The bank will use at least 65 per cent of its funds for lending to micro enterprises run by members of scheduled castes and tribes. Typically, domestic commercial banks deposit their lending shortfall from priority sector to the Rural Infrastructure Development Fund of the NABARD...
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How the Budget short-changed states' social security schemes -Nitin Sethi & Ishan Bakshi
-Business Standard States will now have to spend from their pockets to keep their social-sector schemes going The 2015-16 Budget seems to have broken the contract between the Centre and the states on sharing the economic burden for delivering social security. The Centre's assistance to the states for social sector schemes has come down from a budgeted Rs 3.56 lakh crore in FY15 to Rs 2.20 lakh crore in FY16. Effectively, while the...
More »Progress on the farm -Ajay Jakhar
-The Indian Express The Bharat Krishak Samaj (BSK) has long urged the merger of the agriculture ministry with the water resources and rural development ministries, in the interests of better coordination. With cooperative federalism gaining currency as an idea, that might just become possible. Now, the panchayati raj and food processing ministries could join the club, leaving agriculture, for all practical purposes, to the states, as envisaged by the Constitution. But...
More »Delhi, Kerala, Tamil Nadu top in girls’ education
-The Hindu Delhi, Kerala and Tamil Nadu are India's best-ranked States in terms of gender-related education indicators, new data from the Ministry of Human Resource Development and UNICEF, shows. Using district-level indicators of girls' education, health and social disadvantages, the government aims to identify the most backward pockets of the country, requiring the most attention. "Earlier, we used to look at the gender gap in indicators, and this is narrowing. However this,...
More »Mission for Green India, MGNREGA will converge to facilitate afforestation on 10 million hectares of land -Yogima Sharma
-The Economic Times NEW DELHI: The Centre has decided to extend its flagship rural jobs scheme to include afforestation as part of a move to create more durable assets through the programme that Prime Minister Narendra Modi recently derided as a living monument to the previous UPA government's failures and promised to overhaul. Officials said the National Mission for a Green India (GIM) and the Mahatma Gandhi National Rural Employment Guarantee Act...
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