A working group on agriculture constituted by Prime Minister Manmohan Singh has suggested that the government provide Farm Loans to farmers at four per cent interest rate, raise the minimum support price (MSP) for farm produce to 50 per cent higher than the actual cost of cultivation and expand diesel subsidy scheme across the country.The Working Group on Agriculture Production headed by Haryana Chief Minister Bhupinder Singh Hooda submitted its...
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Interest-free banking urged
Indian Centre for Islamic Finance delegation makes presentation at Yojana Bhavan The Indian Centre for Islamic Finance (ICIF) has made out a strong case before Prime Minister's Economic Advisory Council member V. S. Vyas for introducing interest-free banking in the country at the earliest to ensure “inclusive growth with innovation” in accordance with the recommendations of the Planning Commission's Raghuram Rajan Committee. An ICIF delegation from New Delhi, led by its general...
More »Rs. 10 lakh exemplary costs imposed on Maharashtra by J Venkatesan
Deshmukh protected Congress MLA's family member from normal process of law: Bench ‘Cases involving misuse of public office for private gains shake people's confidence'Taking serious view of the former Chief Minister of Maharashtra, Vilasrao Deshmukh (currently the Union Industries Minister), interfering in a criminal investigation against a family of a Congress MLA, the Supreme Court on Tuesday imposed an exemplary cost of Rs.10 lakh on the Maharashtra government.A Bench comprising...
More »Vidarbha farmer suicides still average over one a day by Sanjay Jog
Suicides of despairing farmers continue in the Vidarbha region of Maharashtra, despite the claimed implementation of the Rs 3,000-crore Prime Minister’s package and a Rs 1,000-crore package of the state government.Official data released last week show 45 suicides still take place every month. In the past 10 years, a total of 4,427 suicides took place in five districts. After an official loan-waiver scheme was supposed to have taken effect, 919...
More »Crop loss claims lives of 8 farmers
Worried over crop losses and mounting loans, two farmers committed suicide and four others died of shock in the state in the last 24 hours. Apparao, 55, consumed pesticide at his residence in Kapuumilada village in Santabommali mandal of Srikakulam on Tuesday. He was depressed after his three-acre crop was damaged in the rains. He took the land on lease and cultivated paddy. V Krishna Murthy, 52, a marginal farmer of Vanjagi...
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