World Payments Report 2012

The World Payments Report 2012 released towards the end of last year shows a healthy 7.1% gain in non-cash payments volume globally. Debit cards continue to gain market share from credit cards, and the use of electronic and mobile payments continues to show exponential growth. There were an estimated 28.3 billion electronic and mobile payment … Continue reading “World Payments Report 2012”

Rice Husk Based Electricity – Get Central Finance Assistance

The Ministry of New and Renewable Energy (MNRE) is promoting rice husk based distributed / off grid electricity generation through biomass gasifier system for meeting unmet demand of electricity in rural areas. MNRE provides Central Finance Assistance (CFA) @ Rs.15,000 per kW besides providing financial support  of Rs.1.0 lakh per km for a maximum of … Continue reading “Rice Husk Based Electricity – Get Central Finance Assistance”

Harnessing Agricultural Potential in North Eastern Region of India

By Dr Amrit Patel , The North East Region [NER] constitutes eight states of Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim and Tripura. Its population of 39 million [2000 Census]constitutes 3.8% of country’s population. Rural Population of 327.71 lakh is 84.34% in NER as against 72.20% in India. Agriculture provides livelihood support to 70 … Continue reading “Harnessing Agricultural Potential in North Eastern Region of India”

6 Reasons Why the Middle Class in India Must Invest in Stocks

By Rohit It is said that in India, the middle class is the real class of people. Others are mere boundaries. The ‘Aam Admi’, as middle class in India came to be known, had its fair share of limelight during the Anti-Corruption Era. It is this middle class for whom the Finance Minister fights for, … Continue reading “6 Reasons Why the Middle Class in India Must Invest in Stocks”

US Spending Cuts – Impact on the Indian Economy

US Spending Cuts: what’s in store in the next seven months? The US government on Friday (March 1, 2013) announced its programme of “sequestration”, thereby cutting back on $ 85 billion of federal funding over the next seven months (ending October 1, 2013). The significant aspect of this process is that it will not be … Continue reading “US Spending Cuts – Impact on the Indian Economy”

Micro, Small and Medium Enterprise Finance in India – A research study

IFC, a member of the World Bank Group, has released a new study that finds financial institutions meet only one-fourth of the financing demand of micro, small and medium enterprises in India, noting that a sizeable part of this unfulfilled opportunity is viable. The study estimates the overall finance shortfall for micro, small and medium … Continue reading “Micro, Small and Medium Enterprise Finance in India – A research study”

Good Governance: A Key to enhance Agricultural Growth

 By Dr Amrit Patel ,  “Good governance is perhaps the single most important factor in eradicating poverty and promoting development” said Kofi Annan, 1998. The Approach Paper to the Twelfth Plan emphasizes the need to redouble our efforts to ensure that 4% average annual agricultural growth rate is achieved, if not more. In this context Government’s … Continue reading “Good Governance: A Key to enhance Agricultural Growth”