No impact on rural development due to slowdown
By
IANS
New Delhi: The global economic meltdown will not have any impact on rural development projects or budgetary allocations for the ministry of rural development, Minister for Rural Development Raghuvansh Prasad Singh said here Monday.
"We are expecting more budgetary allocation for our department in the coming fiscal. There will be no adverse impact of the recession on ongoing projects and other expenditures across the country," he said on the sidelines of the curtain-raiser for the 16th session of the Afro-Asian Rural Development Organisation (AARDO), slated to begin here Tuesday.
He added that the ministry's budgetary allocation for the coming fiscal will increase manifold, and this has been the "norm" under the current government.
"The budgetary spending for our ministry just for the current fiscal has been Rs.76,000 crore (Rs.760 billion), which is equivalent to the amount allocated for rural development in the 10th Five-Year Plan period. The budgetary spending in the rural development will increase," he said.
The minister also said over 35 million families were availing of the benefits of the National Rural Employment Guarantee Scheme, a nationwide programme that the government says provides at least 100 days of work in rural areas.
He said that the government has no plans of increasing the minimum working days criteria to more than 100 days as "significant workforce is employed in farms during the peak harvesting season and also in other government development initiatives".
"We are expecting more budgetary allocation for our department in the coming fiscal. There will be no adverse impact of the recession on ongoing projects and other expenditures across the country," he said on the sidelines of the curtain-raiser for the 16th session of the Afro-Asian Rural Development Organisation (AARDO), slated to begin here Tuesday.
He added that the ministry's budgetary allocation for the coming fiscal will increase manifold, and this has been the "norm" under the current government.
"The budgetary spending for our ministry just for the current fiscal has been Rs.76,000 crore (Rs.760 billion), which is equivalent to the amount allocated for rural development in the 10th Five-Year Plan period. The budgetary spending in the rural development will increase," he said.
The minister also said over 35 million families were availing of the benefits of the National Rural Employment Guarantee Scheme, a nationwide programme that the government says provides at least 100 days of work in rural areas.
He said that the government has no plans of increasing the minimum working days criteria to more than 100 days as "significant workforce is employed in farms during the peak harvesting season and also in other government development initiatives".
Reader's comments(2)
1: Its not True . If rural are happy then why
People are even diverting to urban areas
Cites & towns etc.
Posted by: Ranjeet - 06:15 AM Jan 06, ' 09
2: the rural is always aloof from the happenings
around the world.. let it be negative or
positive.
Posted by: bansal - 08:02 PM Jan 05, ' 09
- India loses six lakh jobs in four months
- 80 Stocks in BSE tremble, due to 'Tech snag'
- Air India backtracks, won't pay salaries on July 3
- India's 'dream budget' is unlikely to materialise
- Australian coroners fake info on Indian deaths
- Banks should alert customers after transaction: RBI
- Venkatramani to head Cognizant's India operations
- NASSCOM urges to restructure education loan
- 58 Million job generation in India expected till 2012
- Industrial recovery underway: Economic Survey
- Nilekani quits Infy, moves to Cabinet
- American tech grads are unemployable: HCL CEO
- India reply to Obama's 'No Bangalore' policy
- India opens the gates of its first sea bridge
- HCL outbids IBM, grabs U.S. firm's deal
- Obama gets tougher; firms look to move out of U.S.
- 'Missile Woman of India' to lead Agni V project
- Five Indian banks among world's top 1000
- Bangalore most difficult city for startups
- U.S. companies move work onshore





