Export Import Bank of India has sanctioned a Libor-linked foreign currency loan to artisans in Bihar for bulk purchases of tasar silk, their raw material. Libor is London inter-bank offer rate which is being used as a benchmark for short term rates in the international capital market. Exim Bank has given the working capital loan for three months to Ecotasar Silk Pvt Ltd, an enterprise manufacturing off-the-loom tasar silk products in...

The robust 9 per cent –plus growth in South Asia till 2010, driven largely by India, where it came down to around 7 per cent in 2011-12, had one major qualifier: it was mostly associated with a rapid rise in labour productivity rather than an expansion in employment, according to the latest report Global Employment Trends from International Labour Office. Up until the end of the millennium, that is just a...

Union minister for rural development Jairam Ramesh today frowned upon the state government and demanded greater reliability on the question of funds use after enduring a bumpy ride to a Dumka village, which to his surprise lacked road connectivity. Ramesh, who arrived in Dumka from Calcutta this morning, met self-help groups (SHGs) engaged in tussar silk production at Dhaka village, 30km from the district headquarters, in rebel-hit Shikaripara block. The minister appreciated...

A group of villagers, affected by the stalling of the Him Urja Vidyut Pariyojna at Nandprayag and Vishnugad Vidyut Pariyojna at Pipalkoti, staged a symbolicchakka jam on the Rishikesh-Badrinath highway at Pipalkoti on Sunday, threatening self-immolation if the government didn't order the resumption of construction work there. Unhappy with the government for first promising power and revenue generation opportunities to the affected villagers while taking away their lands, and later scrapping...

In what could be perceived as a disturbing trend, vaccination in rural Bihar has been adversely affected due to casteism. According to the recent survey report, which was prepared after an on-the-spot study in 14 villages of Bihar’s nine districts, several instances of “caste discrimination” have came to fore. For instance, such was the social divide in a Rohtas village that vaccinations could not take place either in Brahmin’s tola (colony) or...