The government is planning a complete overhaul of the way the power sector is financed and subsidies are delivered, attempting to address a funding shortfall delaying the construction of electricity projects and worsening a chronic power deficit that threatens to sap growth in India’s energy-hungry economy.This exercise is based on a report submitted by a panel headed by Montek Singh Ahluwalia, deputy chairman of the Planning Commission, to the power...
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Nod likely for export of basmati rice from State
Union Minister for Agriculture Sharad Pawar has assured a delegation of Consortium of Indian Farmers' Association (CIFA) from the State on Thursday that a meeting of the Cabinet Sub-Committee on Economic Affairs slated for December 7 is likely to permit export of non-basmati fine rice from Andhra Pradesh and Tamil Nadu. In a statement issued here on Friday, K. Somasekhar Rao of CIFA stated that Mr. Pawar had also told them...
More »Manipur has highest HIV infection prevalence: NACO by Aarti Dhar
Wider access to anti-retroviral therapy reduced AIDS casualties Children account for 3.5 % of all infections Even though the overall HIV infection prevalence rate has shown a 50 per cent decline during the past decade in India, among the States, Manipur continues to top the list with an adult prevalence of 1.40 per cent, followed by Andhra Pradesh (0.90 per cent), Mizoram (0.81 per cent) and Nagaland at (0.78 per cent). It...
More »Government asks banks to submit MFI loan, NPA data by Manojit Saha
Two months after the crisis in the microfinance industry broke out, resulting in the possibility of bank loans to the sector becoming non-performing, the government now wants to do a reality check. Last evening, the finance ministry dashed off a letter to public sector banks, Small Industries Development Bank of India and National Bank for Agriculture and Rural Development, asking them to furnish data on how much exposure they have to...
More »Grameen founder Muhammad Yunus in Bangladesh aid probe by Ethirajan Anbarasan
Norway says it is examining reports that Nobel Peace Laureate Muhammad Yunus allegedly diverted millions of dollars of aid money from a bank. International Development Minister Erik Solheim said that it was "totally unacceptable that aid is used for other purposes than intended". A documentary maker has alleged that cash was diverted from Professor Yunus' Grameen Bank to other parts of Grameen. In a statement, the bank said that the allegations were false. It...
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