In an attempt to further subsidise short-term crop loan to farmers, the Union Cabinet on Friday approved release of Rs 4,868 crore to public sector banks. The decision will ensure that farmers, in general, receive short-term crop loan at 7% per annum (5% for prompt payers) with an upper limit of Rs 3 lakh on the principal amount during 2010-11. "The Union Cabinet today gave its approval for the release...

Acting with determination and firm action, it should be possible for India to step up its agricultural growth rate to 10 per cent. The 11th Five Year Plan seeks to achieve 4 per cent growth rate in agriculture by the end of the Plan period. The Planning Commission is working towards an overall 9 per cent to 10 per cent growth rate. But the target of 4 per cent growth rate is...

In an upstairs classroom at a residential school in Mal, near Lucknow, the girls are revising for their exams. As the light starts to fade at the glassless windows, each girl takes a brightly coloured plastic lamp and carries it to her space on the floor. There is no electricity, but the lamps are solar powered. They have been donated jointly by Swedish company Ikea and the United Nations Children’s...

The Orissa government on Monday unveiled an ambitious plan to provide agricultural credit of Rs 9165 crore in this fiscal compared to Rs 5300 crore in 2009-10. In a conscious move to avoid the embarrassment of having the tag of anti-farmers, the government has also decided to continue with 2% interest subvention on the farm credit, according to minister for agriculture and cooperation, Damodar Rout. In another significant development, the...

India is incredible (after shining), with the fastest growth rate, an emerging demographic dividend and innovative brains for the globe. But the vast majority in rural India — employed in agriculture, small-scale and tiny industries, self-employed, and with no assets — does not find it so. This government, claiming inclusive growth for the grossly deprived and poor, has not taken actions to bring down prices of essential food items, unprecedented...