Higher support prices for kharif pulses has resulted in a sharp jump in acreage under cultivation and production is estimated to rise to 6 million tonnes in the kharif season of the 2010-11 crop year The support price for wheat is likely to be hiked by a nominal Rs 20 in the rabi season, but the procurement rate for pulses could go up sharply, as the government wants to reduce dependence...
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State Bank to jack up rural lending by 25% by Anita Bhoir
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...
More »No guarantees anymore by Sowmya Sivakumar
The Mahatma Gandhi National Rural Employment Guarantee Act, which has revitalised the rural landscape across the country, stands diminished in the land of its birth, Rajasthan, hijacked and held to ransom by vested interests and stripped of its backbone of an open social audit. As the Andhra experience has shown, there is one ingredient that can bring back its vitality: institutionalising citizen audits. But, is the Rajasthan government up to...
More »Pepsi collaborates with farmers for water conservation
PepsiCo India, the country’s leading food & beverage company, has announced the successful completion of its community water initiatives in Panipat, Haryana. The project has two legs—water recharge structures aimed at improving the water availability for the neighbouring community and direct seeding of paddy that helps reduce water consumption by one-third in paddy cultivation. According to company officials, the projects will benefit nearly 200 families in and around Panipat and save...
More »Ending ‘paid news’: it’s time to act by S Viswanathan
It's been nearly a year since the ‘paid news' syndrome — an appalling industry-wide violation of media ethics and a media-related electoral malpractice — was brought to people's attention by a section of the media. The issue still remains in the public domain, drawing critical comment and protest every now and then. The large-scale practice of paid news, particularly during the run-up to elections, has the potential of misleading the...
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