Export Import Bank of India has sanctioned a Libor-linked foreign currency loan to artisans in Bihar for bulk purchases of tasar silk, their raw material. Libor is London inter-bank offer rate which is being used as a benchmark for short term rates in the international capital market. Exim Bank has given the working capital loan for three months to Ecotasar Silk Pvt Ltd, an enterprise manufacturing off-the-loom tasar silk products in...

Union minister for rural development Jairam Ramesh today frowned upon the state government and demanded greater reliability on the question of funds use after enduring a bumpy ride to a Dumka village, which to his surprise lacked road connectivity. Ramesh, who arrived in Dumka from Calcutta this morning, met self-help groups (SHGs) engaged in tussar silk production at Dhaka village, 30km from the district headquarters, in rebel-hit Shikaripara block. The minister appreciated...

Speaking at an international workshop on Equity and Climate Change, held on April 12, the minister for environment and forests, Jayanthi Natarajan, sought to build a consensus on the inter-relationship between equity and the principle of common but differentiated responsibilities in the Climate Convention, and the nature of the obligations they entail in the new arrangement that is to be negotiated. By focusing on a technical definition of equity the approach...

But non-farm income keeps economy afloat   New Delhi, April 25: The rural growth story is slowly losing sheen because of inflation and rising input costs. In fact, rural price level is higher than urban price level. The March Consumer Price Index number for rural India stood at 116.3, while that for urban India stood at 114.6. Mr Ajay Sriram, Chairman and Senior Managing Director, DCM Sriram Consolidated Ltd, says the rural growth...

-The United Nations A sustained rise in prices for raw natural resources and basic agricultural goods is defying long-standing patterns and appears to be hurting poor nations through rising food and fuel costs more than it is helping them through higher revenues for their commodities exports.   That was one of the findings of the Commodities and Development Report 2012, a study launched at the 13th session of the UN Conference on Trade...