The National Bank for Agriculture & Rural Development, or Nabard, has started lending directly to infrastructure projects out of its own resources for the first time in 30 years, in an attempt to diversify its activities and make itself relevant at a time when the dynamics of the rural market are changing. Essentially a refinance bank till recently, Nabard has created a Rs 1,000-crore special window for lending to build core...
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Centre challenges Karnataka High Court order on NREGS wage
-CNN-IBN The Centre on Monday filed a petition in the Supreme Court challenging the Karnataka High Court order on minimum wages in National Rural Employment Guarantee Scheme. The Centre told the Supreme Court that if the Karnataka High Court judgment is not set aside it will impose a burden of Rs 7,500 crore on the Government and cites lack of fund. The Karnataka government has fixed a minimum wage of Rs 145...
More »Jolt to Krishna as HC allows probe into illegal mining case
-The Times of India The Karnataka high court on Friday allowed investigation against external affairs minister SM Krishna and JD(S) leader HD Kumaraswamy responding to a private complaint about illegal mining. Partly allowing their petitions seeking the quashing of the complaint, Justice N Ananda ordered the continuation of Lokayukta investigations in respect of Krishna dereserving forest land for mining and Kumaraswamy favouring a firm. The judge observed: "The dereservation was in contravention of...
More »Reading, maths ability declining in kids: Survey by Akshaya Mukul
Pratham's seventh Annual Survey of Education Report (ASER) of rural India released on Monday tells a similar tale: rising enrolment but declining attendance, over-reliance on private tuitions, decline in reading and mathematical ability of children in the age group between six and 14. The report was released by HRD minister Kapil Sibal. Use of computer is also on the rise in upper primary schools. Almost a third (30.8%) of upper primary...
More »RTI activist facing threat to life-reported by Sathish GT
He tried to expose corruption in the implementation of MNREGA works An RTI activist who tried to expose corruption in the implementation of schemes under the Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA) in Hassan district is allegedly facing a threat to his life from a government official. However, the police are yet to register the complaint lodged on December 30 by R. Mari Joseph, who is also convener of the...
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