Export Import Bank of India has sanctioned a Libor-linked foreign currency loan to artisans in Bihar for bulk purchases of tasar silk, their raw material. Libor is London inter-bank offer rate which is being used as a benchmark for short term rates in the international capital market. Exim Bank has given the working capital loan for three months to Ecotasar Silk Pvt Ltd, an enterprise manufacturing off-the-loom tasar silk products in...

The robust 9 per cent –plus growth in South Asia till 2010, driven largely by India, where it came down to around 7 per cent in 2011-12, had one major qualifier: it was mostly associated with a rapid rise in labour productivity rather than an expansion in employment, according to the latest report Global Employment Trends from International Labour Office. Up until the end of the millennium, that is just a...

A group of villagers, affected by the stalling of the Him Urja Vidyut Pariyojna at Nandprayag and Vishnugad Vidyut Pariyojna at Pipalkoti, staged a symbolicchakka jam on the Rishikesh-Badrinath highway at Pipalkoti on Sunday, threatening self-immolation if the government didn't order the resumption of construction work there. Unhappy with the government for first promising power and revenue generation opportunities to the affected villagers while taking away their lands, and later scrapping...

-The Times of India THIRUVANANTHAPURAM: The National Bankfor Agriculture and Rural Development (NABARD) has unveiled an ambitious Rs 5,320 crore plan for various development activities in the state this year. The bank has allocated Rs 2,075 crore for short-term agriculture activities which can go up to Rs 2,600 crore depending on the successful operations of the co-operative banks in the state. "For long -term investment in rural sector, NABARD has committed to provide...

They prefer to migrate to cities to earn a livelihood ‘Apply for work, get work, and get paid on time.' This is how the Union government's scheme promising 100 days of guaranteed work in a financial year to a rural household took off in 2006. However, the Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA) has failed to come as a relief for people especially those in drought-hit regions of the...