-The Times of India The finance minister Pranab Mukherjee in his Budget speech said that efforts were on to arrive at a political consensus on the issue of allowing 51 per cent Foreign Direct Investment (FDI) in multi-brand retail. The retail sector of the economy has been constantly pushing for allowing foreign direct investment (FDI) in multi-brand retail. The Economic Survey 2011-12 also advocated the case for FDI in multi-brand retail. The much-talked about...
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Agri credit target increased by Rs 1 lakh cr for 2012-13
-The Indian Express Finance Minister Pranab Mukherjee today announced Rs 1,00,000 crore increase in the agriculture credit target to Rs 5,75,000 for the next fiscal and raised the outlay for farm sector by about Rs 3,000 crore. "Agriculture continues to be a priority to the government. The total plan outlay for agriculture and cooperation has been increased by 18 per cent from Rs 17,123 crore in 2011-12 to Rs 20,208 crore in...
More »Assam’s farmers losing interest in rice cultivation
-IANS Farmers of Assam, that recently boasted of having a record rice harvest, are losing interest in paddy cultivation, saying they were facing financial ruin in the absence a minimum support price and adequate procurement centres for their produce. Rice production is going down as the Food Corporation of India (FCI) has not fixed the price to buy back the farmers’ produce, say farmers’ representatives. And there are only 20 FCI procurement...
More »India 4th largest economy but per capita income still low: Survey
-PTI India has become the fourth largest economy in the world because of strong economic growth but still has a low per capita income, the Economic Survey for 2011-12 said Thursday. “India has emerged as the fourth largest economy globally with a high growth rate and has improved its global ranking in terms of per capita income. Yet, the fact remains that its per capita income continues to be quite low,” it...
More »MGNREGA led to double digit growth in wages annually, exceeding rate of inflation
-The Pioneer Hitting at UPA’s biggest flagship scheme Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), Agriculture Ministry has criticised the scheme in it’s first ever Agriculture Survey saying that MGNREGA has led to double digit growth in wages annually in the last few years even exceeding the rate of inflation that prevailed during this period. The Agriculture Survey is compiled by the Agriculture Ministry as a precursor to Union Budget on...
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