-Reuters KHAMMAM (India): It was a deal struck almost 40 years ago by a poor, illiterate Indian farmer, driven by desperation after a drought wiped out his crops and left his family close to starvation. The agreement: 10 acres of land, the size of four soccer pitches, for a mere 10 kg (22 lbs) of sorghum grains. "My father-in-law pawned the land for food," said Kowasalya Thati, lifting the hem of...
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DNA investigation: Nabard’s lies on restructuring process-Sandeep Pai
The National Bank for Agriculture and Rural Development (Nabard) set up to finance agriculture and rural development, has been giving evasive replies to specific questions raised by the Union finance ministry and by Parliament on the nature of recommendations made by the Boston Consulting Group (BCG) to restructure the bank. Some MPs believe that the restructuring violates the role mandated for Nabard by Parliament. DNA earlier reported that the restructuring/repositioning of Nabard...
More »In convergence push, NREGA card to carry Aadhar number-Devika Banerji
Online cards issued under the government's flagship rural jobs scheme will now include the beneficiary's 12-digit 'Aadhar' number issued under the Centre's multi-crore unique ID project that has drawn more brickbats than bouquets. Over the next three months, state governments will update the registration data, including Aadhar numbers, of beneficiaries under the Mahatma Gandhi National Rural Employment Guarantee Scheme in an exercise to weed out ghost cards. "This will help us assess...
More »Nabard allocates 5,320 cr for development activities
-The Times of India THIRUVANANTHAPURAM: The National Bankfor Agriculture and Rural Development (NABARD) has unveiled an ambitious Rs 5,320 crore plan for various development activities in the state this year. The bank has allocated Rs 2,075 crore for short-term agriculture activities which can go up to Rs 2,600 crore depending on the successful operations of the co-operative banks in the state. "For long -term investment in rural sector, NABARD has committed to provide...
More »Thomas insists on giving grain as NREGS wage-Sandip Das
Notwithstanding apprehensions expressed by rural development minister Jairam Ramesh on the proposal of giving grain as part payment of wages under the National Rural Employment Guarantee Act, food minister KV Thomas on Sunday continued to support the idea. Thomas said, “There is enough surplus grain to be given to poor families.” In a recent letter to the Jairam Ramesh, Thomas had made the proposal, which he said would also help ease...
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