The Jammu and Kashmir government is going to enhance allocation of funds under NREGA up to 500 crore against the availability of Rs 208 crore for the current fiscal year. This was stated by the minister for Rural Development, Ali Mohammad Sagar in Assembly while replying to supplementaries to a question of Subash Chander Gupta in Legislative Council today. He said the scheme primarily envisages providing employment but also works to create...

State Bank of India, the country’s largest bank, plans to scale up its rural book in keeping with its objective to increase financial inclusion. The bank plans to increase its rural lending book by 25% and its deposit base by about 28%,’’ said Jayanta K Sinha chief general manager, rural business, SBI. The bank is also in the process of teaming up with corporates, who would be Business Correspondents(BC). “In keeping...

Thousands of farmers from Saurashtra gathered here on Friday to protest against the Centre’s cotton export policy. The government has fixed a cap of 55 lakh bales for export in 2010-11, even as a record yield of cotton is expected this year. During the convention organised Maha Gujarat Agri Cotton Produce Company (MGACPC) at Shahshri Maidan, the farmers demanded that the export limit should be increased to one crore bales. They...

The decision to defer cotton export registration by one month – from October 1 to November 1 – may help the textile companies in the short term because of sufficient availability, but there are concerns on how long that would last. Arrivals of cotton are uncertain across India with farmers apprehensive about the yield due to inclement weather. The early varieties of cotton from Punjab and Haryana have also been affected...

India and China Two largest populated countries of the world and next door neighbors; though greatly different in their cultures, lifestyles and most important pace of growth. Maintaining an edge over India in the manufacturing sector and urban infrastructure development, China is also not lagging behind in the rural development sector. China feeds 21% of the world population with only 9% of the world arable land. The 2nd largest populated country has to...