The National Bank for Agriculture and Rural Development (Nabard) set up to finance Agriculture and rural development, has been giving evasive replies to specific questions raised by the Union finance ministry and by Parliament on the nature of recommendations made by the Boston Consulting Group (BCG) to restructure the bank. Some MPs believe that the restructuring violates the role mandated for Nabard by Parliament. DNA earlier reported that the restructuring/repositioning of Nabard...
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MGNREGA expansion by May 8: Ramesh
-PTI Union Rural Development Minister Jairam Ramesh today said about Rs 1 "I am going to announce in Parliament on large scale expansion in the work schedule of MGNREGA by May 8. (Planning Commission member) Mihir Shah-headed expert committee recommendations are accepted (in this regard)," Ramesh said at a press conference here. "One of the important additions is Souchalaya (toilet system), in which Rs 1,200 crore could be allotted, he said and added...
More »PM to take stock of food storage facility today
-The Times of India Prime Minister Manmohan Singh is likely to discuss the foodgrain storage and crop situation with food minister K V Thomas and Agriculture minister Sharad Pawar on Wednesday amid news of a bumper harvest this year and overflowing granaries. The meeting, slated for Monday, was postponed, and is likely to discuss options before the government to offload the grains in the central pool that are expected to reach record...
More »It's Official: India's growth is jobless
The robust 9 per cent –plus growth in South Asia till 2010, driven largely by India, where it came down to around 7 per cent in 2011-12, had one major qualifier: it was mostly associated with a rapid rise in labour productivity rather than an expansion in employment, according to the latest report Global Employment Trends from International Labour Office. Up until the end of the millennium, that is just a...
More »MEA said no to 39 trips by 25 Union ministers-Shyamlal Yadav
Even as 2011-12 saw Union ministers going on an unprecedented number of foreign trips, the MEA has refused clearance on several grounds for at least 39 proposed trips by 25 Union ministers since June 2009. Some of them are no longer ministers. All these trips, barring one, fell in the official category. The ministers had proposed to travel to destinations such as the US, UK, France, Italy, Japan, Australia and South Africa,...
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