Ashok Gehlot's Budget speech lays emphasis on social welfare measures Chief Minister Ashok Gehlot's Budget speech in the Rajasthan Assembly here on Wednesday laid emphasis on “positive results” of the State Government's work during the previous year for development of various sectors, and made a number of announcements for the welfare of different sections of society. In a significant declaration, Mr. Gehlot said a State-level Advisory Council would be constituted shortly in...
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Maharashtra fails to use 50% of funds for rural jobs by Harish Gupta
It appears there are few rural poor left in Maharashtra. How else would one explain that while the central government’s flagship rural employment initiative, Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), is a big hit across the country with states utilising more than 80% of funds allocated by the Centre, state spent only 50% of its share last year. The Union ministry of rural development is headed by a...
More »Postmaster fleeing to Myanmar with rural job fund held
Mizoram Police arrested a postmaster who was fleeing to neighbouring Myanmar with Rs.13.50 lakh meant to be disbursed for work under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), police said here Monday. The money was deposited with Lalrodinga, 36, a postmaster at Vaphai branch Post Office in eastern Mizoram, by the rural development department for subsequent Disbursement among the MGNREGS workers. 'Lalrodinga Sunday took the money from the post office...
More »India slams parties to Copenhagen Accord
India today slammed the US and other parties to the Copenhagen Accord for failing to deliver "fast track" financial obligations to Least Developed Countries (LDCs) and other nations facing the risk of climate change. Environment Minister Jairam Ramesh said the United States and other parties to the Copenhagen Accord had agreed to raise USD 30 billion for helping poor nations most at risk of climate change. "The continued inability to deliver on...
More »Banks confident of meeting agriculture lending targets by Parnika Sokhi
Take a host of initiatives to ramp up presence in rural markets. With increased focus on directing funds towards agriculture, banks are confident of meeting their farm sector lending targets this financial year. “We had 60 rural branches last year and will take it to 125 by next month. This will give a major fillip to the agri lending business,” said S Chakrabarthy, deputy managing director, Axis Bank. According to the Trend and...
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