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Why NREGA wage hike is bad news for the economy-Shishir Asthana

-The Business Standard Politics of populism will impact the government's fightback against inflation Mumbai: With the benefits of Food Security Bill failing to kick in, government is back to playing the card which many claim helped it win the previous election. It is looking to make a substantial hike in wages under the Mahatma Gandhi National Rural Employment Guarantee Act (NREGA), according to a latest report by Economic times. A panel...

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Mamata Committed to Get Banking Facilities in All Villages

-Outlook Kolkata: West Bengal Chief Minister Mamata Banerjee today said two years form now no Gram Panchayat would be there in the state without banking service and welcomed all nationalised banks to come forward and open branches in the villages to boost rural economy. Launching 50 branches and 20 ATMs of the United Bank of India (UBI) at a function at the state Secretariat, Banerjee said out of 32,090 Gram Panchayats in...

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After cycles for girls, Nitish plans tablets, digital classes for women -Anubhuti Vishnoi

-The Indian Express After tasting success with its free bicycle scheme for school-going girls, the Bihar government is planning a freebie in tune with the times - a tablet PC - ahead of the 2014 elections. While other state governments have so far targeted the student community with free laptops and tablets, the Nitish Kumar government is working on an ambitious Rs 8,000 crore scheme to provide tablets to digitally illiterate...

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West Bengal's savings scheme for poor gets RBI nod -Atmadip Ray

-The Economic Times KOLKATA: West Bengal chief minister Mamata Banerjee's plan to start a savings scheme with the aim of protecting the poor from losing their money to deposit schemes that promise high returns will be going ahead with the Reserve Bank of India having cleared the participation of state-run banks in the programme. The state government is to launch the plan on November 6. State-run West Bengal Infrastructure Development Finance Corporation...

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NABARD Launches New Scheme to Advance Direct Loans

-Outlook Shimla: National Agriculture Bank And Rural Development has launched a Warehousing Scheme (NWS) to advance loans to Public and Private sector for creation of storage infrastructure with a corpus of Rs 5,000 crore during 2013-14. "A dedicated scheme for providing assistance for creation of storage infrastructure with a corpus of Rs 5,000 crore has been introduced, pursuant to announcement made by Union Finance minister in current year's budget and the scheme...

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