In planning, pursuit of profit was not seen as being in the social interest in the post-Independence years, but now profit is the sole motive. FOR two decades now the Government of India has pursued a policy of accelerated liberalisation, dismantling controls, diluting regulations and making the state a facilitator of private investment. It is not that the presence of the state has diminished during this period, but that its role...
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NABARD's loan disbursement crosses Rs.1 lakh crore mark
-The Hindu Loans disbursed to State Governments by the National Bank for Agriculture and Rural Development (NABARD) for creating rural infrastructure has crossed the Rs.1 lakh crore mark. Of that Rs.6,523 crore has been disbursed in Tamil Nadu. This is the fourth among the States that have availed of substantial financial support from NABARD. The other three are Andhra Pradesh (Rs.9,711 cr.), Uttar Pradesh (Rs.7984 cr.), Gujarat (Rs.7,324 cr.), According to a NABARD...
More »States holding up plan to recapitalize regional rural banks by Remya Nair & Anup Roy
The Union government’s plan to recapitalize 40 of the 82 regional rural banks (RRBs) is at risk as some of the state governments are either delaying or refusing to pay their share of money. Due to this, the government has only been able to recapitalize around 12 RRBs, with the stakeholders collectively infusing Rs. 300 crore. The cabinet had approved the Rs. 2,200 crore recapitalization plan of 40 RRBs in February,...
More »India to roll out world’s largest non-communicable diseases drive by Kounteya Sinha
As many as 26 "mini interventions" will make up the world's largest programme to combat non-communicable diseases (NCDs) that will be launched by India soon. The "New Delhi Call for Action on combating NCDs in India" initiative will be against specific diseases, and some will exclusively address major risk factors like obesity, junk food and tobacco consumption. The World Health Organization (WHO) only recognizes cardiovascular, cancer, diabetes and chronic lung ailments as...
More »Govt has to bear Rs 3,800 cr to implement 25% quota under RTE by Sruthy Susan Ullas
The finance department wanted to know what would be the extra burden to the state to implement the 25% quota in private schools under the RTE. It got a mind-boggling figure of Rs 3,800 crore. The state unit of the Sarva Shiksha Abhiyan furnished this exact figure to the government on how much it would cost the government to reimburse private schools ( ICSE/CBSE) if the 25% seats are reserved for...
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