What is life like at a water-strapped village, after its 15 minutes of fame? The hitherto nondescript Doba under Kudu block of Lohardaga district, with a population of less than 1,500, was thrust into flashbulbs during Wednesday’s high-profile visit of Reserve Bank of India (RBI) governor D. Subbarao, who came with a team comprising chief secretary A.K. Singh and senior officials of nationalised banks. Not surprisingly, a hasty whitewash preceded the celebrity...
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7 officials held in J’khand NREGA scam by Manoj Prasad
The Jharkhand Police has arrested seven persons for reportedly siphoning off Mahatma Gandhi National Rural Employment Guarantee Scheme funds. The FIR, filed on Tuesday at the Lapung Police Station, accuses assistant post master Binod Jaiswal, SBI’s accountant Anil Kumar Sinha, and five officials of the Block Development Office — programme officer Samir Sagar, Rojgar Sevak Sanjay Oraon, Panchayat Sevak Mansa Kachhap, junior engineer Bindeshwar Singh and assistant engineer Rahul Kumar...
More »NREGA’s technological sabbatical by Jyotika Sood
OVER 2.5 crore job card holders registered under Mahatama Gandhi National Rural Employment Act (MGNREGA) could be affected by the rural development ministry’s decision to introduce biometrics to the scheme. The job cards of beneficiaries in 200 districts across India are set to expire in 2011. The process of job card renewal under the biometric system would take six months to two years. This would deny the registered people 100 days...
More »Interest-free banking urged
Indian Centre for Islamic Finance delegation makes presentation at Yojana Bhavan The Indian Centre for Islamic Finance (ICIF) has made out a strong case before Prime Minister's Economic Advisory Council member V. S. Vyas for introducing interest-free banking in the country at the earliest to ensure “inclusive growth with innovation” in accordance with the recommendations of the Planning Commission's Raghuram Rajan Committee. An ICIF delegation from New Delhi, led by its general...
More »UP agri sector in for major credit flow during FY12 by Virendra Singh Rawat
Total credit potential estimated at over Rs 65,000 croreThe agriculture and allied sectors in Uttar Pradesh are in for a major boost during the period 2011-12 with the total credit potential in the farm and non-farm segments pegged at Rs 65,440 crore for the next financial year.This would be a jump of more than 20 per cent over state credit target estimated for the current financial year at Rs 54,000...
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