Acting with determination and firm action, it should be possible for India to step up its agricultural growth rate to 10 per cent. The 11th Five Year Plan seeks to achieve 4 per cent growth rate in agriculture by the end of the Plan period. The Planning Commission is working towards an overall 9 per cent to 10 per cent growth rate. But the target of 4 per cent growth rate is...
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Government committed to Food Security Act: Pranab Mukherjee
Union finance minister Pranab Mukherjee Tuesday said that the government is committed to enacting the Food Security Act and that the financial implications of this will be known only after the Planning Commission determines the number of families living below the poverty line. He told reporters here that the act had two aspects - one to ensure availability of food to all and another to provide to BPL (below poverty...
More »Controlling Inflation by Dipankar Dasgupta
The Union budget estimates the nominal rate of growth for the Indian economy to be 12.5 per cent during the current fiscal. While it is impossible to figure out the manner in which this number was arrived at, the government has predicted further that the inflation-adjusted real growth rate for the same year will be eight per cent. Simple arithmetic requires that the difference between the nominal and real growth...
More »Agriculture loans exceed target by 13% in FY10
Agricultural credit flow by cooperative and public sector banks exceeded the target by 13% in 2009-10 financial year. “The flow of credit to the agriculture sector increased significantly and banks have surpassed the target by extending Rs3,67,000 crore worth of loan to farmers,” an Agriculture Ministry official informed. The banks including public sector, cooperative and regional rural banks (RRBs), were set a target to lend Rs3,25,000 crore of credit to farmers last...
More »MP first state in the country to push for food security for the poor
The recent allegations made are uncalled for and can be seen as an attempt by bidders disqualified due to not fulfilling the tender requirements. Companies like Glodyne who have been crying foul did not even have an ISO certification to bid for the project and have failed miserably in states like Bihar to execute projects of nation building NREGA it took on. Other players included TCS and Aditya Birla Group...
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