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Companies in agricultural biz now in priority sector

-The Economic Times MUMBAI: The Reserve Bank of India has revised the definition of priority sector to include corporates engaged in agriculture and allied activities, and amended the limits for certain categories. In a circular issued to commercial banks on Wednesday, the RBI has clarified that loans to corporates, including companies formed by individual farmers, partnership firms and co-operatives of farmers directly engaged in agriculture and allied activities, will now be considered...

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Politics aside, is Gujarat a great growth story?-Bibek Debroy

-The Economic Times A new book by Bibek Debroy on Gujarat looks at how this much-talked about state has performed in economic terms. The author argues history, luck and administrative clarity have been the determining factors. There has been a discernible pickup in Gujarat's growth performance since the 10th Plan (2002-07), the five-year Plans being natural periods for breaking up the timeline. It's tempting to argue that there is nothing exceptional in...

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Helping a village shed its BPL tag

-The Hindu A campaign launched by a community service institution to make selected villages in Bharatpur district of Rajasthan shed the below poverty line (BPL) tag has immensely benefited the poor families in the region and facilitated creation of new employment opportunities, small entrepreneurships and income-generating ventures. The youth and women are especially getting involved in new enterprises in large numbers. Kheria Purohit village in Deeg tehsil of Bharatpur district, where 15...

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Rs 1,500 crore for increasing green cover in Eastern Ghats

-PTI COIMBATORE: Tamil Nadu government has allocated Rs 1,500 crore for developing green cover in the much neglected Eastern Ghats, Tamil Nadu Agricutural University (TNAU) vice-chancellor K Ramasamy said on Thursday. So far efforts had been on developing Western Ghats, which runs through Tamil Nadu, Kerala and Karnataka, and now the Government has allotted Rs.1,500 crore for developing Eastern Ghats, he told reporters here. With East Coast Road on place, the govenrment wanted...

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Himachalis Rich But State Under Debt

-PTI The bank deposits of Himachalis stood at about Rs 50,000 crore but the state is under huge debt, according to a state Finance Ministry official. The percentage of people keen on increasing their savings was 75 per cent in the state while it was 33 per cent in the country, the official said. The increase in income of farmers from horticulture, off season vegetables, milk, animal husbandry and poly houses and fat...

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