-The Indian Express Unused priority sector lending funds of commercial banks will be used to set up the Rs 20,000 crore corpus of the proposed MUDRA Bank. The bank will use at least 65 per cent of its funds for lending to micro enterprises run by members of scheduled castes and tribes. Typically, domestic commercial banks deposit their lending shortfall from priority sector to the Rural Infrastructure Development Fund of the NABARD...

-Press Information Bureau/ Ministry of Finance The plan outlay of 2015-16 reflects the compositional shift in the allocations for various Programmes and Schemes in view of high devolution; 42% of Union Taxes, to States as per the recommendation of 14th Finance Commission. Making his Budget Speech while presenting the General Budget 2015-16, the Finance Minister, Shri Arun Jaitley said that consequent to this substantially higher devolution, many schemes on the State...

-The Hindu It measured impact of reservation on productivity in Railways A first-of-its-kind study of the impact of reservations in public sector jobs on productivity and efficiency has shown that the affirmative action did not reduce productivity in any sector, but had, in fact, raised it in some areas. In the pioneering study, Ashwini Deshpande, Professor at the Delhi School of Economics, and Thomas Weisskopf, Professor of Economics at the University of Michigan,...

-The Pioneer Bhubaneswar: With the increasing demand for building and construction materials in a rapid urbanisation and industrialisation process in the State, the use of minor minerals has been increasing. The housing and road communication projects, both in rural and urban areas and industrial hubs, have created huge demand for minor minerals that have raised concern for an effective minor mineral management policy. It is a fact that in many areas there...

The results of the District Level Household and Facility Survey-4 for the year 2012-13, commonly known as DLHS-4, are out and it shows that among the 18 states and 3 UTs, the percentage of moderate wasting for children below 5 years is highest among Maharashtra (i.e. 34.1%). Similarly, in case of severe wasting and moderate underweight, the situation is worst in Maharashtra as compared to the rest (Please check the...