-Hindustan Times The Centre has decided to slash its share of funds in about 18 social sector schemes including flagship education programme Sarva Shiksha Abhiyan (SSA) in a cutback that has been criticised by states. The central government and states would contribute equally for programmes such as SSA, Rashtriya Uchchtar Shiksha Abhiyan (RUSA) and Rashtriya Madhyamik Shiksha Abhiyan (RMSA), a departure from the previous 65%-35% formula. Sources said the department of economic affairs...
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Inflation falls to -4.95%, spurs deflation fears, rate cut hopes -TCA Sharad Raghavan
-The Hindu Overall, industry bodies are positive about the ongoing contraction in inflation, but there is some wariness regarding deflation. Wholesale price inflation contracted for the tenth consecutive month, coming in at -4.95 per cent in August compared to -4.05 per cent in July. This follows Chief Economic Adviser Arvind Subramanian’s comments cautioning that India’s economy could be nearing deflationary territory. The data also comes two weeks before the Reserve Bank of...
More »Bank of Maharashtra launches soil and water health card for farmers
-PTI Mumbai: In a bid to help farmers increase soil productivity by appropriate use of fertilisers, Bank of Maharashtra has launched a soil and water health card which will help them ascertain the nutrient status of their farm lands. “It will give farmers the level of nutrients available in their farm land so that they can administer correct dosage of fertilisers. This will help improve soil fertility and crop yield,” Bank’s executive...
More »Marathwada in the grip of drought-like situation -Varsha Torgalkar
-Down to Earth With only 58 per cent rainfall this season, Maharashtra is likely to face one of the worst agrarian crises ever As the fear of drought looms large over India, Beed district in Maharashtra’s Marathwada region is gearing up to face one of its worst agrarian crises this year. Matters have come to such a pass that the residents of Gangamasla village in the district have threatened self-immolation to protest against...
More »More arhar import to beat price rise
-The Times of India NEW DELHI: The government on Friday swung into action on the rising prices of major pulses, particularly arhar, and took a string of decisions to enhance supplies. Within hours after the Times of India report, the government decided to import another 5,000 tonnes of arhar to stem the prices which have been spiraling in the past few months. "At a high-level meeting held here today (Friday), the...
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