Union Agriculture Minister Sharad Pawar on Thursday said that the kharif production at 114.63 million tonnes for 2010-11 crop year was “comfortable.” “The output is better than last year which was a drought year, but lower than 2008-09, which was a normal year.” “The kharif production looks good. Area under crops such as paddy, pulses, cotton and sugarcane is more than last year,'' he told journalists after the Agriculture Ministry released the...
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NAC may take U-turn on food security Bill by Nitin Sethi
The National Advisory Council will meet on Friday again to discuss the National Food Security Bill but the basic tablet of principles could be substantially changed with the Sonia Gandhi-led group taking a U-turn away from its earlier demand for universalisation of the public distribution system. The proposal supported by the Planning Commission, suggesting that the Tendulkar committee figures for those living below the poverty line be the cut off...
More »MGNREGA: Mixed success so far
Mahatma Gandhi National Rural Employment Guarantee Scheme (MG-NREGA) has been in news mainly due to corruption or inefficiency. The country has spent close to Rs 40,000 crore this fiscal but a large number of urban middle class people and opinion leaders don’t know what to make of it. Cynicism apart, the rights-based scheme has proved to be a game-changer in rural India despite mixed success. The scheme has been relatively...
More »Mysore will be first to get UID numbers
Mysoreans can take pride in being the first in the country to be assigned Unique ID numbers. The Unique Identification Authority of India (UIDAI) tested its mechanism in April-May across Mysore and Tumkur districts. Now that the Mysore district administration has an action plan in place, the UIDAI and Karnataka's e-governance department will allot Aadhaar, the 12-digit UID numbers, in October. UIDAI deputy director-general Ashok Dalwai on Wednesday said: ''The...
More »Banks may find it tough to ensure microfinance companies don’t charge high rates
Banks will have to put in place a mechanism to verify that microfinance institutes (MFI) they finance do not charge exorbitant rates to the final borrowers. The finance ministry has asked banks to ensure that MFIs, whom banks are financing, do not lend at rates more than 24% — all inclusive rates — to the ultimate borrowers. Some banks have recently inserted a clause while lending to MFIs that they...
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