In a bid to protect food grains from spoiling due to inadequate storage facilities, Punjab and Sind Bank has come up with an initiative to extend credit for the construction of rural godowns in Punjab. The Punjab government is fully supporting this initiative and they have also got the green signal from the government of India. 'The bank will provide finance for construction of rural godowns of any storage capacity as per...
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Anirudh Krishna, Economist interviewed by Archana Masih
What are the poor most concerned about? After meeting families in 175 Indian villages in the last decade, Anirudh Krishna, says the poor's greatest worry is their children's future. With a manner of a school teacher, Professor Krishna, who teaches at the Sanford School of Public Policy at Duke University in the US, has led a team meeting poor families to find out why poverty persists. The research also includes...
More »Rice output may reach record as rain boosts planting
India, the world’s second-biggest rice grower, may have a record harvest this year as increased planting offset drought in the east of the country. Production may total 100 million tonnes in the year ending June 2011, compared with 89.3 million tonnes a year ago, said Vijay Setia, president of All India Rice Exporters’ Association. Output was a record 99.2 million tonnes in the year ended June 30, 2009, according to the...
More »Inflation forecast for India to be scaled up
Tight money policy means more capital inflows: ADB Lower middle class worst affected by inflation Infrastructure development, farm productivity can help With the Wholesale Price Index (WPI)-based overall inflation still hovering at around 10 per cent, the Asian Development Bank (ADB) on Thursday said that it was likely to scale up its inflation forecast for India by the end of September. Speaking to the media after the launch of the ADB's flagship annual statistical...
More »‘Foodgrains left to rot in sun and rain'
Bandicoots eat up over 50 lakh tonnes in FCI godowns, says BJP BJP delegation, led by party national secretary K. Laxman, visit godowns at Vanagapally State not releasing foodgrains as it wants middlemen to benefit: Laxman Bandicoots have eaten up over 50 lakh tonnes of foodgrains stored in the godowns of the Food Corporation of India (FCI), according to the revelations of a BJP delegation, led by party national secretary K. Laxman, that...
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