U.S. President Barack Obama's interaction with the inhabitants of Kanpura village in Ajmer district of Rajasthan through video-conferencing on Sunday gave him a glimpse of the information technology revolution in rural India that extends the benefits of modern technology and Services to the grassroots to improve the quality of people's lives. Union Minister of State for Communications and IT Sachin Pilot led the rural group during the 10-minute interface at the...
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UIAI to provide 60 crore UID cards in four years
Unique Identification Authority of India (UIAI) is targeting to provide 60 crore Unique Identificationcards during the next four years. Delivering Pradyumna Bal Memorial lecture here on Sunday evening, UIAI chairperson Nandan Nilekani said the authority issued first sets of UID cards number 20,000 to 42,000 since September this year. The project, however, was facing challenge of inclusion of deprived and effective implementation, Mr. Nilekani said. Large numbers of Indians do not...
More »Corrective steps on microfinance
Facing heat from the Andhra Pradesh (AP) government, microfinance institutions (MFIs) acting under a banner called MFI Network (MFIN) have agreed to adopt corrective measures to address concerns raised by the state government. Coming up with a 15-point corrective measures statement, MFIs have agreed to bring down the interest rates to 24% initially to the borrowers of AP only. “It’s an initial decision and our CEOs across other states will be discussing...
More »6.5 lakh villages to be linked by internet: Sachin
In the next five years, all 6 5 lakh villages of the country will be connected by internet. Union minister of state for communications and IT Sachin Pilot said this while addressing the media just after his interaction with US President Obama on Sunday. He said the IT revolution in Kanpura has earned accolades all over the world. "In the next five year we will connect 6.5 lakh villages to it....
More »RBI data show decline in credit flow to agriculture
There has been a significant pick up in credit flow to industry, Services and personal loan segments during the current financial year. However, credit flow to agriculture has declined further, data released by the Reserve Bank of India as part of Macroeconomic and Monetary Developments Second Quarter Review 2010-11 shows. While credit flow to industry was highest at Rs 1,07,386 crore, credit flow to agriculture contracted by Rs 13,481 crore during...
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