The Union government will set up an independent financial institution to give funds for effective functioning of the self-help groups (SHGs) and better empowerment of the rural poor. UPA chairperson Sonia Gandhi announced this while launching the National Rural Livelihood Mission (NRLM), which will be funded through financial institutions. As of now, banks will be mobilised to extend loans to the tune of Rs. 6,800 crore this year at subsidised rates...
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A billion dollar credit from World Bank to clean up the Ganga
The World Bank has approved $1 billion as credit and loan to support India's efforts to clean up the Ganga river. The sprawling river basin accounts for a fourth of the country's water resources and is home to more than 400 million people. The $1.556 billion National Ganga River Basin Project with $1 billion in financing from the World Bank group, including $199 million interest-free credit and $801 million low-interest loan, was...
More »Sonia to launch flagship projects today
-The Times of India A day before UPA chairperson Sonia Gandhi's visit to the tribal belt of the state, chief minister Ashok Gehlot and Union minister C P Joshi reviewed the preparations at Banswara and Dungarpur. Sonia would be on a day's visit to Banswara to launch the Centre's flagship rural self-employment programme and lay the foundation stone of the long-awaited ambitious Dungarpur-Banswara-Ratlam rail line project in Dungarpur district. UPA...
More »New law proposed to prevent unlawful practices in schools by Aarti Dhar
To protect the interests of students seeking admission, the Centre is planning a law to check unfair practices in schools, ranging from donations and nexus with coaching centres. The proposed “The Prohibition of Unfair Practices in Schools and Intermediate Colleges Bill, 2011” aims at promoting transparency through mandatory self-disclosure in the prospectus and on the website, and provide adequate and accessible recourse for remedial action arising out of non-adherence to self-disclosed...
More »Economists write to Sonia on Food Bill by Sanjeeb Mukherjee
Eminent economists have shot off a letter to National Advisory Council (NAC) Chairman Sonia Gandhi to ensure that the proposed Food Security Bill is quite comprehensive and excludes only a few rich people. They also want Sonia to get the Bill legislated in such a way it is not based on the current public distribution system (PDS) for all times to come as direct subsidy transfer could also be an...
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