The National Bank for Agriculture and Rurual Development (NABARD) will pay greater focus on financing through 'Joint Liability Groups' (JLs) in Kerala as it is found more effective way of priority sector lending. JLs are informal groups of even 4-10 individuals joining together for the purpose of availing bank loans through group mechanisms against mutual guarantee. According to NABARD's State Credit Plan 2011-12, financial inclusion through JLGs would be deepened in partnerships...
More »SEARCH RESULT
Total Matching Records found : 1708
Rural job scheme minimum wage revised, risking inflation spiral by Ruhi Tewari & Asit Ranjan Mishra
In a move that brings relief to the rural workforce, but risks creating an inflation spiral, the government on Thursday revised the minimum wages paid for its flagship job guarantee scheme by linking them to the Consumer Price Index for agricultural labour (CPI-AL) for each individual state. Such a price spiral, in case it actually emerges, could roil the electoral prospects of the Congress in the key contests to the state...
More »KGB brother quits post by John Mary
Former Chief Justice of India K.G. Balakrishnan’s younger brother K.G. Bhaskaran, who had gone on medical leave following allegations of amassing wealth, today resigned as special government pleader in Kerala High Court. In his resignation letter, sent to advocate-general C.P. Sudhakara Prasad, Bhaskaran said he was resigning on health grounds. Prasad had earlier asked him to go on leave or quit. This is the second resignation following the media exposures on wealth...
More »Supreme Court upholds ban on meetings by roadsides by J Venkatesan
State's appeal against High Court order dismissed The Supreme Court on Thursday upheld the judgment of the Kerala High Court prohibiting public meetings by the roadsides in the State. A Bench of Justice D.K. Jain and Justice H.L. Dattu dismissed an appeal filed by the State government against the judgment of the High Court and a subsequent petition seeking a review of the judgment. The Bench said it was not inclined to...
More »Wage hike for MGNREGA workers by K Balchand
Over five crore Mahatma Gandhi NREGA workers across the country will enjoy a 17 to 30 per cent rise in wages with their wage rate being linked with the Consumer Price Index for Agricultural Labour(CPIAL) with immediate effect. The Ministry of Rural Development issued the notification in compliance with the directives of Prime Minister Manmohan Singh who had, however, differed with NAC chairperson Sonia Gandhi's recommendation for a hike in statutory...
More »
