-PTI The Gross Capital Formation (GCF) in the agriculture and allied sectors in the country rose by 87 per cent to Rs 1,42,254 crore in the 2010-11 fiscal as compared to 2004-05, an official statement said today. "As per annual report of the Department of Agriculture and Cooperation for the year 2011-12, GCF in agriculture and allied sectors in 2010-11 was Rs 1,42,254 crore. It was Rs 76,096 crore in 2004-05," it...
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India's forests are in serious decline, both in numbers and health-M Rajshekhar
The government says area under forests has been increasing for the last 13 years. ET finds this is the outcome of statistical jugglery and the use of flawed definitions by India's forest bureaucracy. The bald truth is India's forests are in serious decline, both in numbers and in health. In February, the latest instalment of a little environmental kabuki played out when the Forest Survey of India released its biennial report...
More »Appropriate action will be taken on highway scam after NHAI ascertain facts: CP Joshi
-The Economic Times At a time when the highway sector is showing signs of revival, a fresh controversy has come to haunt the road transport and highways ministry, with World Bank demanding a probe into "fraudulent and corrupt" practices by Indian contractors working on highway projects funded by the Bank. World Bank's Institutional Integrity Unit has sent a detailed report to the Department of Economic Affairs under the finance ministry, which has...
More »Nabard records 40% growth in farm credit in FY12
-The Business Standard The National Bank for Agriculture and Rural Development (Nabard) has recorded a 40 per cent growth in agriculture credit and rural development in Karnataka during 2011-12. It has extended farm credit of Rs 6,053 crore during the year. While the production credit refinance extended to cooperative banks and regional rural banks (RRBs) was Rs 3,775 crore, its finance to state government under the Rural Infrastructure Development Fund (RIDF)...
More »No green signal yet for the Yuva Kisan by MS Swaminathan
In this year's budget, Union Finance Minister Pranab Mukherjee has essentially tried to consolidate the gains from the initiatives he had launched during the previous two budgets. Thus, in agriculture there is no new initiative except increasing the target for agricultural credit to Rs.5,75,000 crore during 2012-13. This represents an increase of over Rs.1,00,000 crore from last year. The interest rate of four per cent recommended by the National Commission...
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