Good news for Bihar on the economic front. According to the Economic Survey 2010-11, tabled in the Legislative Assembly on Wednesday, the state’s annual per capita income doubled in five years, gross domestic product (GDP) saw a steady growth and the number of vehicles increased three fold. The annual per capita income went up to Rs 17,590 in 2009-10 against Rs 8,528 in 2004-05. The average GDP growth for the period...
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Ashok Gulati to head Commission for Agricultural Costs and Prices by Prabha Jagannathan
Ashok Gulati, Director in Asia for the International Food Policy Research Institute (IFPRI), was appointed Chairman of the Commission for Agriculture Costs and Prices for the Ministry of Agriculture , Government of India. Based in New Delhi, he will be involved in developing appropriate price policy and marketing structures for major agricultural commodities in the country. Gulati’s appointment begins on March 1. Bart Minten will be acting director of the New...
More »Why agriculture policies are outdated and contradictory by MJ Prabu
The Government does not bother to know what crops are being sown “India's daily turnover from vegetables and fruits could be easily about Rs. 275 crores (US$ 59 million). The estimated cost of ‘wastage' per day, is around Rs. 130 crores (US$ 27 million). In summary, it's a lot bigger than some of the Indian IT sector's daily turnover”, says Mr. Venkat Subramanian, Founder and Managing Director, Matchbox Solutions, a company...
More »Banks confident of meeting agriculture lending targets by Parnika Sokhi
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...
More »Many sops for farmers in BSY’s ‘agriculture budget’ by Johnson TA
The B S Yeddyurappa government rolled out a whole new slew of populist schemes in its 2011-12 revenue surplus Budget on Thursday, targeting an increase in the number of ‘direct beneficiaries’, especially in the agriculture sector. New schemes announced in Yeddyurappa’s Budget include a provision of Rs 10,000 each to 10 lakh small farmers in dry lands, reduction of interest rates on co-operative bank loans from three to one per...
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