State Bank of India, the country’s largest bank, plans to scale up its rural book in keeping with its objective to increase financial inclusion. The bank plans to increase its rural lending book by 25% and its deposit base by about 28%,’’ said Jayanta K Sinha chief general manager, rural business, SBI. The bank is also in the process of teaming up with corporates, who would be Business Correspondents(BC). “In keeping...

Higher support prices for kharif pulses has resulted in a sharp jump in acreage under cultivation and production is estimated to rise to 6 million tonnes in the kharif season of the 2010-11 crop year The support price for wheat is likely to be hiked by a nominal Rs 20 in the rabi season, but the procurement rate for pulses could go up sharply, as the government wants to reduce dependence...

The Mahatma Gandhi National Rural Employment Guarantee Act, which has revitalised the rural landscape across the country, stands diminished in the land of its birth, Rajasthan, hijacked and held to ransom by vested interests and stripped of its backbone of an open social audit. As the Andhra experience has shown, there is one ingredient that can bring back its vitality: institutionalising citizen audits. But, is the Rajasthan government up to...

As the common man continues to reel under the spiraling rise in prices of essential commodities especially key food items and vegetables the forever-rising food inflation is posing a serious challenge to policy makers. Though top government officials, including the Finance Minister and the Chairman of the Planning Commission have repeatedly assured that the food prices will soon stop rising, in reality it has gone the other way.   The rising spree...

It's been nearly a year since the ‘paid news' syndrome — an appalling industry-wide violation of media ethics and a media-related electoral malpractice — was brought to people's attention by a section of the media. The issue still remains in the public domain, drawing critical comment and protest every now and then. The large-scale practice of paid news, particularly during the run-up to elections, has the potential of misleading the...