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Government expects bumper crop this year on good monsoon

-PTI NEW DELHI: India is expected to harvest bumper crop this year based on estimates of higher food grains production in Kharif (summer sown) and hopes of better Rabi (winter) crop with enough water in reservoirs, Finance Minister P Chidambaram said today. He also said that the agriculture credit has grown by 12.1 per cent during April-August period of this fiscal. "On agriculture, we estimate this would be a very good year. The...

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$15 bn rollover of subsidy costs into next budget?

-Reuters The finance minister is finding it harder and harder to meet the government's budget promises and may sweep as much as $15 billion in subsidy costs into next year's accounts to ensure he hits fiscal targets ahead of the Lok Sabha, ministry officials say. Finance minister, P Chidambaram, insists that the fiscal deficit target of 4.8% of GDP for the year to March 31, 2014, is a red line that will...

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Where Words Fail -Bhasha Singh

-Outlook     India lacks the political will to put an end to manual scavenging   When Meena decided to go to school, her mother identified one quite far from her home. Sharda was a manual scavenger and knew that her occupation could spell trouble for her daughter. Meena went to a government school and struggled to reach class VIII. But her ambition was cut short when teachers and the principal at the school...

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NABARD now offers loans to corporate sector-Nagesh Prabhu

-The Hindu Bangalore: In a major shift in its lending practice, the National Bank for Agriculture and Rural Development (NABARD) has opened a lending window to the corporate sector for construction of warehouses and creation of cold storages and cold chains. NABARD had only been granting soft loans to State governments for social sector projects. Speaking to The Hindu on Monday, G.R. Chintala, Chief General Manager (CGM), Regional Office, Bangalore, said it was...

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Raghuram Rajan Committee report demolishes Modi's claims of development in Gujarat -Kartikeya Sharma

-India Today The BJP's prime ministerial candidate Narendra Modi is going to fight the next general elections on the development plank, and he puts forth Gujarat as the model of development. At public meetings, he has been appealing to other states and the Centre to follow his model. But the latest index released by the finance ministry may prove to be a pinprick. It shows Gujarat has not done as well...

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