In India, commercial banks, both public and private, are required to direct a large chunk of their net credit to designated “priority sectors” seen as having a positive impact on India’s economy, and wider society – to ensure funds flow into areas the government deems important, but might otherwise be neglected. These sectors – designated by the Reserve Bank of India – currently include broad areas of agriculture, small scale industries,...

The unemployment rate in India is estimated at 9.4 percent or 94 persons out of 1000 persons in the labour force for the fixed reference period of financial year 2009-10, according to employment-unemployment survey by the Labour Bureau under the Labour and Employment Ministry. In absolute terms about 40 million persons are found unemployed based on the survey results at overall level of the State/UT’s surveyed. The unemployment rates are estimated at...

The government on Tuesday said employment has risen in the khadi and village industries, particularly in agro-units, on account of rise in agricultural production and processing. "The Department of Agriculture and Cooperation, the Ministry of Agriculture has reported that employment in agro- industries is growing with an increase in agricultural production, processing...," Minister of State (Independent Charge) for Micro, Small and Medium Enterprises (MSMEs) Dinsha Patel said in a written reply...

Every afternoon at about four, a slight woman named Runi slips out of the cramped, airless room that she shares with her husband and their sixteen children. She skirts the drainage ditch in front of the building, then walks toward the pile of hardened dung cakes that people in this slum on the edge of the northeastern Indian city of Patna use for fuel. Dressed in a bright-yellow sari shot...

A solar device turning waste heat into electricity in rural China and an Ugandan business manufacturing stationery from agricultural waste are among the dozens of winners of a United Nations-backed sustainable development award, it was announced today. The Supporting Entrepreneurs for Environment and Development (SEED) Award recognizes promising new locally-driven enterprises that work to improve livelihoods, tackle poverty and manage the sustainable development of natural resources in developing countries. The SEED initiative...