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Budget 2013: Crop loans from private banks will be subsidised too-Atmadip Ray

-The Economic Tiomes Farmers borrowing crop loans from private banks will also get government's interest subvention scheme, finance minister P Chidambaram said in his 2013 Budget speech. At present, farmers used to get crop loans at a subsidised 4% a year rate from public sector banks, regional banks and cooperative banks if they repay in time. Farmers who repay loans in time, gets an additional 1% interest subvention from the government over and...

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Aadhaar must be basis for direct benefit transfers: Ashok Khemka

-The Economic Times The Direct Benefits Transfer (DBT) scheme commenced with the initial rollout in 20 districts covering seven scholarship schemes. Another 23 districts will be covered by March this year. The intention is to link all government benefits to Aadhaar-based identification of beneficiaries and to channelise the cash benefits through Aadhaar-enabled bank accounts. Irrespective of the merits of translating some benefits delivered in kind like in PDS into their cash-equivalent, for...

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Here's how a village in Maharashtra made itself drought-proof-Tejas Mehta and Samira Shaikh

-NDTV Kadavanchi: Lush green vineyards, tons of luscious grapes, acres of maize and jowar, and most importantly, millions of litres of water- images that are in stark contrast to the despair visible across Marathawada's eight districts. This isn't Maharashtra's greener western belts of Konkan and Raigad, but this oasis is in the Jalna district in the heart of the Marathawada region which is in the grip of the worst drought since...

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States' debt-GSDP ratio improves in FY10-12: Icra

-PTI Financial performance of the states with relation to indicators of debt servicing such as debt as a proportion to revenue receipts and gross state domestic product (GSDP) has improved between 2009-10 and 2011-12, says an Icra report. While states like Kerala, Gujarat, Punjab, Rajasthan and West Bengal remain relatively more indebted, Karnataka, Odisha and Chhattisgarh have displayed a superior performance in 2011-12 in terms of their debt relative to revenue receipts. Chhattisgarh,...

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Bloodied pulses-Sreelatha Menon

-The Business Standard Indian plantations bloom in Ethiopia at the cost of the livelihoods and homes of the tribals If there is “blood diamond”, there is also such a thing as “blood maize”, “blood soya” and “blood pulses”. These come all the way from plantations in Ethiopia and other countries with repressive regimes. India, which claims to shun blood diamonds coming from African mines that use slave labour, is enthusiastically backing exploitation of...

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