Following a move by the Central Government to further amalgamate regional rural banks (RRBs) in the country, employee unions are demanding the formation of a National Rural Bank of India (NRBI), by amalgamating all RRBs and de-linking of RRBs from the sponsor banks. Ministry view In a letter dated November 28 to the chairmen of sponsor banks of RRBs, the Department of Financial Services, Ministry of Finance, said that currently there are...
More »SEARCH RESULT
Total Matching Records found : 7911
Bullion dominates futures market, agriculture at 10% by Sidhartha
Policymakers have repeatedly said that commodity futures help farmers hedge their risks. But data from Forward Markets Commission (FMC), the regulator for the business worth Rs 106 lakh crore during April-October, paints a different picture. The share of agricultural trade is just a tad over 10% and within this, food products such as soya oil and chana accounted for less than 7% of the total value. Of course, the government itself...
More »Food prices remain steady during November, UN agency reports
-The United Nations Global food prices in November were virtually unchanged from October, and 10 per cent below their peak in February, the United Nations Food and Agriculture Organization (FAO) reported today. FAO’s Food Price Index level was 215 points last month – just two points, or one per cent, above its level in November 2010, according to a news release issued by the Rome-based agency. Cereal prices dropped by 3 points, or...
More »Few details, huge subsidy in 3 versions of food Bill by Ravish Tiwari
Over two and a half years after President Pratibha Patil announced the government’s plan to enact a food security law, the Union Cabinet on Tuesday is slated to consider three separate versions of the National Food Security Bill (NFSB) for introduction in the current session of Parliament. These three versions arise out of differences between the Food Ministry and the Law Ministry over the issue of grievance redressal mechanism. The Legislative...
More »CM stands by Pawar on NREGS remarks
-The Indian Express Maharashtra Chief Minister Prithviraj Chavan on Friday came out in support of NCP leader and Agriculture Minister Sharad Pawar’s suggestion to Prime Minister Manmohan Singh that the UPA’s flagship rural job guarantee scheme (NREGS) should be suspended for “at least three months in a year” so that agricultural labourers are available during the peak season of agricultural operations in various parts of the country. “He (Sharad Pawar) is a...
More »
