-The Business Standard The National Bank for Agriculture and Rural Development (Nabard) has recorded a 40 per cent growth in agriculture credit and rural development in Karnataka during 2011-12. It has extended farm credit of Rs 6,053 crore during the year. While the production credit refinance extended to cooperative banks and regional rural banks (RRBs) was Rs 3,775 crore, its finance to state government under the Rural Infrastructure Development Fund (RIDF)...
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Govt may amend Act to make Aadhaar data valid ID proof-Remya Nair & Surabhi Agarwal
Move could save banks significant money spent on record-checking and documentation In what could usher in an era of paper-less, real-time authentication, the finance ministry is looking into allowing online Aadhaar authentication as a valid proof of identity for opening bank accounts. The ministry is considering an amendment to the Prevention of Money Laundering Act, or PMLA, to recognize online Aadhaar data to satisfy know-your-customer (KYC) requirements. This will pave the way for...
More »Places of worship twice the number of educational Institutions in Punjab-Sarabjit Pandher
Places of worship outnumber educational Institutions by two to one in Punjab and hospitals and dispensaries by more than four to one, census data released on Saturday has revealed. The data on houses, household amenities and assets released by Director, Census Operations, Seema Jain, on Saturday, shows the State's 2.77-crore population is served by 63,244 places of worship — but only 31,228 schools and colleges, both private and public.. Similarly, the...
More »Women take the lead in India's grey march by Kounteya Sinha
Now, a majority of India's elderly are women. The Registrar General of India's (RGI) latest data from the Sample Registration System (SRS), 2010, has confirmed feminization of India's elderly. The data sent to the Union health ministry on Saturday shows that the percentage of women in the age group of 60 years and above is higher in 17 out of the 20 large states. It is as high as nearly...
More »World Bank chief backs India's tax proposals
-The Hindu “Heart of policy is that government believes people should pay tax somewhere” Even as Finance Minister Pranab Mukherjee faces flak from corporates at home and abroad on his budget proposal to tax Vodafone-type deals through retrospective amendment, World Bank president Robert Zoellick sought to side with the government saying India wanted the company to pay tax at some place. He also reasoned that investors must give some time to the government...
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