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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India Post casts you in the net, reaches home by Souvik Sanyal & Harsimran Julka
The electronic post office launched this week has brought the familiar red and grey counters to your drawing room, making tiring trips and queuing up things of the past. The website www.epostoffice.gov.in offers money order service, stamps and e-tracking of registered posts to start with. It creates a virtual post office on computer screens and leads customers to the counters. The decision to launch an electronic post office was part of the...
More »Karnataka Budget gives prime place to agricultural sector by S Rajendran
Estimated expenditure on farm and irrigation sectors is Rs. 17,857 crore The agricultural sector has been given prime place in the State Budget presented to the Legislative Assembly on Thursday by Chief Minister B.S. Yeddyurappa, who also holds the Finance portfolio. Mr. Yeddyurappa's focus on agriculture is reminiscent of the Union Budget presented by the first Janata Party Government of Morarji Desai in the post-Emergency era. The estimated expenditure on agriculture and irrigation...
More »Infrastructure push vital to achieve growth target by Sujay Mehdudia
Continued poor performance of some key infrastructure sectors cause for concern As India is on the path of achieving 8.5 per cent economic growth, aiming to exceed the 9 per cent growth mark next fiscal, the biggest worrying factor that could derail this horse power of growth and play spoilsport in the “growth story” of the UPA II government is the poor state of infrastructure and its tardy pace of development...
More »Dr. Mihir Shah, member, Planning Commission interviewed by Latha Venkatesh
The National Rural Employment Guarantee Act (NREGA) completed five years this month. Pandurni village, in Nanded district in Maharashtra, is in high spirits. It has won the award for best performance in implementing the Rural Employment Guarantee Scheme for 2009-10. Around 1,500 people from this village are registered under this scheme, and over 800 have benefitted from it. Yahswant Suryavanshi is one of them. This owner of two hectares of agricultural land says...
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