Madhya Pradesh's Gross Domestic Product ( GDP) growth rate has swelled to 12 per cent in the last fiscal from 8 per cent in 2010-11, according to the revised estimates, officials said on Friday. Besides, the state, having agrarian Economy, recorded 18 per cent agriculture growth rate in 2011 - 12, they added. The economic and agriculture growth is bound to benefit a huge populace engaged in construction and agriculture sector by...
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Rain deficit: Jobs, farming, Economy under a cloud-Zia Haq and Gaurav Choudhury
-PTI India’s monsoon, vital for Asia’s third-largest Economy, has been 22% deficient till June 26, official data showed, adding to the government’s worries and prompting Prime Minister Manmohan Singh to consult key aides on measures to tone up the Economy on Wednesday. In a revised forecast, the Met department predicted the rains would be 96% of the long-term average, lower than its April forecast of 99%. Rainfall is considered normal if...
More »Pranab blames Left for rise of Maoists in West Bengal
-PTI Union Finance Minister Pranab Mukherjee on Wednesday said the wrong policy and non-functional police of the Left Front Government in West Bengal were responsible for the rise of Maoists in the State. “Left Front Government should be blamed for the rise of Maoists in West Bengal. Their wrong policy and non-functional police have allowed the Maoists to enter the state and strengthen their base in Junglemahal,” the senior Congress leader told...
More »e-Payment must for public sector banks from July 1-Dheeraj Tiwari
The finance ministry has asked state-run banks to stop making payments to their customers through cheques from July 1 and to "migrate totally" to electronic payment channels, a move aimed at cutting costs in a sluggish Economy. In a circular issued to chairmen of public sector banks and regional rural banks, the ministry said all payments to customers, staff, vendors and suppliers as well as disbursement of loans and payments towards...
More »'Reforms' for whom?-Ajit Balakrishnan
Two ways to advertise your modernity in India today: first is to carry an iPad, second is to declare that you are firmly on the side of 'reforms' There are two quick ways to advertise your modernity in India today. The first is to carry an iPad when you go for meetings, even if all you do with it is read email; and the second is to declare that you are...
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