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Forecasts of fewer jobs dull India's demographic sheen: Report

Admin| Jun 01, 2016 - 10:29 AM

NEW DELHI: Half-a-billion people in India are expected to remain in the agriculture sector by 2022, and per-capita incomes are likely to stay at around $1.50 per day, barely above the poverty line, says a report.

According to a research note by Kotak Institutional Equities , a revised forecast of India's labour market by 2022 is sobering: half-a-billion people are expected to be dependent on agriculture, contributing to only a 9th of the GDP. 

"We note that the 144 million new job opportuni......

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Punjab releases Rs 2,612.50 crore for payment towards wheat procurement

Admin| Apr 23, 2016 - 02:45 PM

Punjab on Friday released Rs 2,612.50 crore to pay for wheat procured during the current rabi marketing season, offering relief to farmers who were worried about payments because of central bank curbs on cash credit limit meant for food grain purchase. 


The Akali Dal-BJP coalition government was in a spot of bother after the Reserve Bank of India held back the credit. The RBI had also told banks to make provisions against loans given to Punjab for purchase of grains, suspecting large shor......

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