The finance ministry is all set to increase the agriculture lending target by around 25% in the budget for 2012-13 despite a sharp increase in the non-performing loans in the sector. In the last budget, the government had increased the target to 4.75 lakh crore from 3.75 lakh crore in the year before. "Banks will continue to focus on all priority sector areas. This year more focus will be on direct lending...
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Pulses scam: Babus unable to explain Rs 1,200cr loss
-The Times of India The government has been unable to explain why public sector firms imported pulses at a loss of 21%-30% a year from 2006 to 2011 adding up to Rs 1,200 crore, while private importers did not appear to have suffered such a misfortune. Questioned by Parliament's Public Accounts Committee about the " pulses scam" revealed in a Comptroller and Auditor General report, senior commerce and consumer affairs officials has...
More »My decision on Bt brinjal was not influenced by NGOs: Jairam by Amitabh Sinha
Days after Prime Minister Manmohan Singh spoke of the role of foreign-funded NGOs in instigating protests against genetic engineering in agriculture, Rural Development Minister Jairam Ramesh has asserted that his controversial decision to put the release of genetically-modified brinjal on indefinite hold in 2010 was not influenced by any NGO. As the then environment minister, Jairam had blocked the commercial release of Bt brinjal, citing a lack of scientific consensus and...
More »Centre's initiative to provide livelihood for tribals in naxal-affected areas by K Balchand
Foundation to be set up with a corpus fund of Rs. 500 crore The Centre is in the process of setting up a foundation with a corpus fund of Rs. 500 crore to provide a livelihood to tribals in about 900 blocks, spread over 170 districts of nine States, to strengthen its anti-naxalite campaign. The latest proposal, evolved jointly by the Ministry of Rural Development and the Planning Commission, envisages a concerted...
More »NREGA 2 aimed at bolstering UPA 2 by Prasad Nichenametla
The UPA government has widened the scope of its flagship Mahatma Gandhi National Rural Employment Guarantee Act (NREGA) to include works related to agriculture, animal husbandry, poultry, drinking water and sanitation. In its initial avatar launched over six years ago, the NREGA was limited only to works concerning water and soil conservation, afforestation and land development. It was largely seen as a subsistence dole for the rural people in the lean...
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