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Centre, states to share RTE expenses in 68:32 ratio

Underpressure from the states, the central government has agreed to bear a higher burden of the cost of implementing the Right to Education. The Centre’s share of the financial burden will be at 68%, a sharp rise from the sharing pattern of 55:45 in the current year and the proposed 50:50 from 2011-12 . The new sharing pattern has been approved by the Expenditure Finance Committee on Wednesday. The ministry...

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After waiver, loans at 5% for farmers next on agenda by Mahendra Kumar Singh

At a time when agriculture production has become key to economic expansion, the Union Cabinet on Friday will consider a proposal to fulfill its promise of crop loans at a cheaper rate of 5% to farmers who make timely repayment. In the current year's budget, finance minister Pranab Mukherjee had proposed to give up to 2% interest rate subvention to farmers who do not default on their repayments, making the...

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Rush on parallel school bill

The Left Front government has fast-tracked the creation of a parallel school education system under the panchayat and rural development department, ignoring opposition from both within and outside the coalition. The government is pitching the bill as a tool to bring more students to schools, but has stoked fears that a system under the panchayat and rural development department — which does not have the expertise to run an education system...

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Blueprint for farm growth by Mohan Dharia

Acting with determination and firm action, it should be possible for India to step up its agricultural growth rate to 10 per cent. The 11th Five Year Plan seeks to achieve 4 per cent growth rate in agriculture by the end of the Plan period. The Planning Commission is working towards an overall 9 per cent to 10 per cent growth rate. But the target of 4 per cent growth rate is...

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The banking woes of an “excluded” community by Vidya Subrahmaniam

Banks have designated red zones where the vast majority of Muslim clusters fall. This fact is confirmed by the rash of banking-related complaints received by the National Commission for Minorities. A little over a year ago, Ali Arshad, a resident of Okhla in Delhi, went to a well-known private sector bank to open a bank account. He thought his case would be fast-tracked because he had a banking background, he worked...

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