-The Hindu A NABARD survey says middlemen funded by banks have kept growers captive to high-interest loans Jammu: Kashmir's acres of undulating apple orchards may soon be waste lands, a survey by the National Bank for Agriculture and Rural Development (NABARD) accessed by The Hindu shows. The Rs. 4,000-crore industry has been brought to its knees by a network of middle-order market functionaries comprising pre-harvest contractors (PHCs), commission agents (CAs) and wholesalers...
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Banks 'distrust’ Aadhaar for cash transfer scheme rollout -Nitin Sethi & Sidhartha
-The Economic Times In what could hobble the government's plans to give Aadhar a key role in banking and a central pin of the direct cash transfer scheme, several state-run banks have refused to bear any liability for transactions done with customers that were authenticated through the unique identity (UID) mechanism. Banks and the Reserve Bank of India (RBI) had been convinced by the finance ministry to use Aadhar to fulfill the...
More »No tax relief for SEZs, rules Chidambaram -Sidhartha
-The Times of India In a major setback to special economic zone (SEZ) developers, finance minister P Chidambaram has turned down the commerce department's plea to cut the minimum alternate tax (MAT), which was imposed two years ago. A lower or no tax burden was cited as one of the main drivers for boosting investment in what were until recently duty-free enclaves. The commerce department had made a case for reversing Chidambaram's...
More »Govt to unveil housing policy for urban poor
-The Tribune Chandigarh: At a time when the property prices have skyrocketed in the urban areas, affordable housing may well be within the reach of the ‘aam aadmi' in Haryana. In fact, with a view to attract the private builders to go in for affordable housing, the Hooda Government is set to launch its ambitious "Affordable Housing Policy-2013" to provide housing to the lower strata of society with an eye on...
More »Chhattisgarh to give additional 50 days work for MGNREGA-R Krishna Das
-The Business Standard Chhattisgarh Government defines Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) and will provide 50 days additional employment to the beneficiaries in the state. The 100-day ceiling of guaranteed employment for the rural people would not be a bar in Chhattisgarh from now. The state government would provide job for additional 50 days---ensuring that the card holder of MGNREGA would get 150 days secured employment. "The proposal to increase MGNREGA...
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