President Barack Obama, two years into a presidency that increased spending to prime a weak economy, is turning his attention to the nation s crushing debt and trying to counter a Republican anti-deficit plan with a framework of his own that tackles politically sensitive health care programs while also increasing taxes.
more...
Farm loans at four per cent, enhancement of credit target for the sector by Rs 1 lakh crore, and a reminder to banks to focus on small and marginal agri-borrowers were some of the sops Finance Minister Pranab Mukherjee offered to the farmers — around 50 per cent of the country s population — under the spectre of financial inclusion in his Budget proposals.
more...
Boosts ongoing trend, as scale of proposed need and financing draw global investors. The government s recent initiatives, those in the Budget proposals being the latest, on the infrastructure industry are expected to help attract good investment into the sector, especially from private equity companies.
more...
