-The Hindu Private companies get loansat 6.5% with additional cash refunds; for farmers it is 7% The National Bank for Agriculture and Rural Development (NABARD), which is dedicated to promoting rural development by providing soft loans to State governments for social sector projects, has given hundreds of crores as loans to corporates on concessional terms. In the Union Budget of 2011-12, Rs. 18,000 crore was allocated by the Centre to NABARD’s Rural Infrastructure...
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Companies in agricultural biz now in priority sector
-The Economic Times MUMBAI: The Reserve Bank of India has revised the definition of priority sector to include corporates engaged in agriculture and allied activities, and amended the limits for certain categories. In a circular issued to commercial banks on Wednesday, the RBI has clarified that loans to corporates, including companies formed by individual farmers, partnership firms and co-operatives of farmers directly engaged in agriculture and allied activities, will now be considered...
More »FDI in Retail: A Low-down on the Falsehood over an Exclusionary Policy-Kamal Nayan Kabra
-Mainstream Weekly Intense and motivated propaganda, powerful national and international diplomatic pressure, verging on pure and simple arms-twisting of the kind the Third World has been facing for decades by means of the active role of the econo-mic hit-men in the policy establishments, huge cash-back lobbying, both in India and abroad, blunt attempts to bamboozle the persons holding key positions in India’s policy establishment through a combination of hissing and kissing...
More »The long march of PV Rajagopal-Ruchira Singh
-Live Mint He is at the head of a march to Delhi for a new policy that promises every poor family a small patch of land Morena (Madhya Pradesh): One hot Friday in October, a 64-year-old man named P.V. Rajagopal is marching at the head of a procession of around 50,000 people on the highway from Gwalior to Delhi. Rajagopal is slight and heavily sunburnt, and has walked tens of thousands of kilometres...
More »There is no ‘foreign hand’-Amita Baviskar
-The Indian Express Conspiracy theories are a handy standby when one wants to avoid the effort of critical thinking. So Tavleen Singh would rather rely on “the foreign hand” — that old bogey out of Indira Gandhi’s box of tricks — than examine facts that reveal uncomfortable truths. Lamenting the closure of the Vedanta aluminium refinery at Lanjigarh, Orissa (‘Why India could remain forever’, IE, September 30), Singh asserts that, if...
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