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15,000 farm ponds to be created under MGNREGS -T Ramakrishnan

-The Hindu   To be dug in eight delta districts at a cost of Rs. 181 crore Chennai: At a time when the State, particularly Cauvery delta region, is in the midst of a drought, the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) has come in handy for the government to order the creation of 15,000 farm ponds in eight delta districts. The ponds are to be dug on lands of agriculturists who...

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Prof. Reetika Khera, Development economist IIT Delhi interviewed by Sreelatha Menon

-The Business Standard Indian Institute of Technology-Delhi professor and development economist Reetika Khera tells Sreelatha Menon that the food Bill may not be a leap ahead, but it is certainly a step forward * The food Bill is a guarantee for lifelong dependence on government doles. As an economist, can one defend such a policy? The food Bill should be seen as an investment. "Labour" is India's most important asset. In that sense,...

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1.74 lakh people unemployed in Delhi

-PTI As many as 1.74 lakh people are unemployed in Delhi, the Economic Survey of Delhi said on Tuesday. The figure constitutes 3.18 per cent of the metropolis' total labour force. Quoting National Sample Survey Organisation survey between July 2009 and June 2010, the survey said there are 1,74,189 unemployed workers in Delhi, of which 15,024 belong to rural areas while 1,59,165 are from urban region. Of the total 52,96,761 employed people, 51,71,968 belong...

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Fundamental flaw

-The Indian Express In all its versions, the food security bill places an unbearable fiscal burden, further distorts agriculture The design of policy in the revised version of the food security law proposed by the food ministry — cabinet approval for which was deferred on Monday — will make a bad idea worse. It is even less concerned about the imperatives of fiscal sustainability and the needs of the Indian population. Providing...

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Private banks reluctant about rural lending -Dinesh Unnikrishnan

-Live Mint Experts say private banks achieve lending obligations by buying out loans from non-banking entities Most private banks in India have not been able to meet the needs of farmers although they are expanding their rural and semi-urban branch network. This is why the Reserve Bank of India (RBI) is insisting that at least one-fourth of the branches of the new banks that will be given a licence must be located...

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