-Outlook Costly vegetables, particularly potato and onion, pushed the November wholesale inflation to a 14-month high of 7.52 per cent, making it difficult for the Reserve Bank to ease key policy rate. Vegetable prices shot up by 95.25 per cent in November as compared to 78.38 per cent in the previous month, said the Wholesale Price Index (WPI) inflation data released today. The overall inflation in the food segment comprising wheat, pulses, vegetables,...
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Banking on women
-The Hindu To the long list of 28 public sector banks in India, one more was added with the inauguration of the Bharatiya Mahila Bank (BMB) on Tuesday by Prime Minister Manmohan Singh. The bank is unique in more ways than one. It will focus predominantly on women, apart from being staffed largely by them. To the BMB will go the distinction of being the first-ever public sector bank to...
More »Women’s bank learns from elder sibling in Maharashtra -Surabhi
-The Indian Express For the Bharatiya Mahila Bank, the country's first pan-India national women's bank, it is a humble rural cooperative women's venture in Maharashtra that has provided the critical input to succeed: How to lend to women who do not have collateral to back their loans. Chetna V Sinha, founder and chairperson of Mann Deshi Mahila Sahakari Bank, explained that this is the prime weakness in giving loans to women. The...
More »ADB to Provide $10 Bn Assistance to India Over 5 Years
-Outlook Multilateral lending agency Asian Development Bank (ADB) will provide loan of USD 2 billion annually for five years till 2017 to India to create jobs, enhance investment reforms, and improve infrastructure. "The ADB and Government of India have agreed to a new country partnership strategy for 2013-2017 which supports the country's 12th Five Year Plan .... The strategy comes with a financial envelope of around USD 10 billion...," the Manila based...
More »Nabard to ensure fast funds to states battling storage crisis
-The Economic Times KOLKATA: Eastern and North Eastern states, which grapple with acute storage deficit, will get a priority in fund allocation for setting up warehouses, National Bank for Agriculture and Rural Development (Nabard ) said. States with food deficits like Jammu and Kashmir will also receive a priority treatment. The government has directed Nabard to treat these states favourably to cut farm losses amid implementation of the world's biggest population feeding...
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