-The Business Standard The new Bill will set back the cause of food security - while wrecking central Finances. The Food Security Bill cleared by the Union Cabinet for introduction in Parliament seems irrational and impractical by parts. It seeks to provide a statutory right to highly-subsidised food for 75 per cent of the rural population, with 46 per cent in the “priority” category, or below the poverty line (BPL); and to...
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NABARD allocates Rs 2,000 crore for foodgrain storage warehouses
-PTI National Bank for Agriculture and Rural Development (NABARD) today said it has earmarked Rs 2,000 crore for building warehouses which will help in facilitating distribution of foodgrain to poor under the proposed Food Security Act. "Under RIDF ( Rural Infrastructure Development Fund), we have proposed to provide funds to the tune of Rs 2,000 crore exclusively for construction of scientific godowns across the country in this fiscal," NABARD Executive Director S...
More »Indian cooperatives grows by 1%, retains leadership in milk production by Mitul Thakkar
In 2010-11, India produced 121 million tonne of milk, which is close to 17% of global milk production. During the year, dairy cooperatives collected 9.6 million tonne of milk, a growth of around 1% over last year. Liquid milk marketing by cooperatives increased by around 4% over the previous year and was about 8.2 million tonne in 2010-11. Explaining that higher GDP growth, increased incomes in rural areas through schemes like...
More »MPs want package for micro, small and medium enterprises
-PTI A strong demand was made in the Lok Sabha today for a package for the micro, small and medium enterprises, which are facing problem on account of the economic slowdown. Members from different parties made the demand while participating in a discussion on the Regulation of Factors (Assignment of Receivables) Bill, 2011. Shailendra Kumar (SP) demanded that Government should set up a special fund to help the MSME sector. Gorakhnath Pandey (BSP) said...
More »NREGA wages vs minimum wages: PM vs Jairam by Ravish Tiwari
With less than a week left, the UPA government seems to be split on the issue of appealing against the Karnataka High Court’s order stating that wages under the Mahatma Gandhi National Rural Employment Guarantee Act have to be fixed as per Minimum Wages Act. The Special Leave Petition challenging the High Court order has to be filed by December 23. But while PM Manmohan Singh and the Finance Ministry are...
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