In an attempt to further subsidise short-term crop loan to farmers, the Union Cabinet on Friday approved release of Rs 4,868 crore to public sector banks. The decision will ensure that farmers, in general, receive short-term crop loan at 7% per annum (5% for prompt payers) with an upper limit of Rs 3 lakh on the principal amount during 2010-11. "The Union Cabinet today gave its approval for the release...

Acting with determination and firm action, it should be possible for India to step up its agricultural growth rate to 10 per cent. The 11th Five Year Plan seeks to achieve 4 per cent growth rate in agriculture by the end of the Plan period. The Planning Commission is working towards an overall 9 per cent to 10 per cent growth rate. But the target of 4 per cent growth rate is...

At a time when agriculture production has become key to economic expansion, the Union Cabinet on Friday will consider a proposal to fulfill its promise of crop loans at a cheaper rate of 5% to farmers who make timely repayment. In the current year's budget, finance minister Pranab Mukherjee had proposed to give up to 2% Interest Rate subvention to farmers who do not default on their repayments, making the...

In an upstairs classroom at a residential school in Mal, near Lucknow, the girls are revising for their exams. As the light starts to fade at the glassless windows, each girl takes a brightly coloured plastic lamp and carries it to her space on the floor. There is no electricity, but the lamps are solar powered. They have been donated jointly by Swedish company Ikea and the United Nations Children’s...

Ever since the Centre announced that it would collect data on various castes during the ongoing Census, the media has created a hue and cry saying that this would harm the nation and open a Pandora’s Box of caste conflicts. On the other hand, those who seek caste enumeration are of the view that this would clear the cobwebs and deliver proper data on other backward classes (OBCs) that will...