-Live Mint Subsidized loans given to farmers through KCCs could very well be the next big source of NPAs for banks Mumbai: A surge in exposure to farm debt through Kisan Credit Cards (KCCs) could emerge as a risk for India's state-run banks, according to experts. Subsidized loans are given to farmers through KCCs by state-owned banks. Until March 2012, the outstanding amount on such loans was`1.6 trillion through 20.3 million cards, as...
More »SEARCH RESULT
Total Matching Records found : 2697
World Bank chief Jim Yong Kim calls for ending extreme poverty by 2030
-Reuters WASHINGTON: World Bank President Jim Yong Kim called for a commitment by the international community on Tuesday to end extreme poverty by 2030 and to improve the lives of the most vulnerable people living in developing countries. To reach that goal, Kim said the world need to reduce the number of people living below the poverty line of $1.25 per day to 3 percent globally by 2030, and raise the per...
More »CAG blasts Narendra Modi govt for causing Rs 17,000 cr loss to Gujarat
-The Indian Express The CAG (Comptroller and Auditor General) has slammed the Gujarat Chief Minister Narendra Modi's government for causing a loss to the exchequer to the tune of Rs 17,000 cr. In its report for 2009-10 and 2010-11, placed before the Gujarat Legislative Assembly, CAG said corruption and irregularities have caused huge losses to the state. CAG blasted the Narendra Modi government for not being able to stop these irregularities. Narendra Modi has...
More »Madhya Pradesh topples Bihar, new No. 1 in economic growth -Pradeep Thakur
-The Times of India BJP-led Madhya Pradesh dislodges champion Bihar from its numerouno position in terms of highest growth of gross state domestic product. The provisional data released by the Central Statistical Organisation for 2012-13 for states shows Bihar's growth has slowed, slipping from an impressive 13.26% last year to a single digit 9.48% this year as against 10% clocked by MP. Other backward states have maintained their upward trajectory, with Jharkhand...
More »Agriculture vs technology -Deepak Pental
-The Indian Express No country has ever achieved prosperity without engaging with science and technology (S&T). The ascent of the West and its global domination owes much to its prowess in S&T. In Asia, Japan and South Korea and more recently China have taken the highway to prosperity by mastering technology and effectively dealing with complexity. Chinese economist Justin Yufi Lin in his book The Quest for Prosperity has argued that...
More »
