Economy of Bihar Current Affairs, GK & News

Union Government amalgamates Punjab Gramin Bank, Malwa Gramin Bank and Sutlej Gramin Bank into a single RRB

The Government of India (GoI) has amalgamated three Regional Rural Banks (RRB) — Punjab Gramin Bank, Malwa Gramin Bank and Sutlej Gramin Bank — into a single RRB with effect from January 1. The sponsor banks of the RRBs are National Bank for Agriculture and Rural Development (NABARD), the Government of Punjab and Punjab National ..

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India and ADB sign $200 Million Loan to improve State Highways in Bihar

Union Government has signed $200 million loan agreement with Asian Development Bank (ADB) for Bihar State Highways III Project (BSHP-III). It will finance widening and upgrading of about 230 kms state highways in Bihar to all-weather standards with road safety features. Since 2008, ADB has provided four loans to Bihar amounting to $1.43 billion to ..

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CAG rebukes UP for high cost of tax collection

The Comptroller and Auditor General (CAG) rebuked the Uttar Pradesh government for higher cost of tax collection as compared to the national average. As per the the CAG Report: Gross collections related to trade tax/VAT receipts during 2008-09, 2009-10 and 2010-11 stands at Rs 17,482 crore, Rs 20,825 crore and Rs 24,836 crore respectively, on ..

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Current Affairs : Business and Economy November 19-24, 2009

November 19, 2009 : Some latest data on Agricultural Credit The target agricultural credit to be disbursed among the farmers across the country during the current fiscal year 2009-10 was approximately Rs. 3.25 Lakh Crore. Out of this amount Rs 1.38 lakh crore have been disbursed up to September which is about 42.41% of the ..

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Current Article: New Notice on Investment in Micro, Small and Medium Enterprises

Background of the situation: The MSE sector in India has around 26 million (2.6 crore) units in which employ about 60 million (6 crore) people. After declaring Industrial Policy in July 1991, Government of India announced a policy towards the small sector on August 6, 1991. In this policy the investment limit was raised from ..

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