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Bihar is country’s fastest growing state at 13.1%

Bihar is country’s fastest growing state at 13.1%

NEW DELHI: Bihar, which was synonymous with poverty, has emerged as the fastest growing state for the second year running, clocking a scorching 13.1% growth in 2011-12. Not just that, on the back of four years of double-digit growth, its economy is now bigger than that of Punjab—until recently the preferred destination of Bihari migrant workers.
8-year thrust on rural employment

8-year thrust on rural employment

Ranchi, May 31: Starting 2013, the state government will embark on a eight-year mission to improve agricultural productivity and develop skills of rural people, mostly tribals, so that they get alternate sources of employment round the year under an ambitious Rs 650-crore scheme.

The project christened Jharkhand Tribal Empowerment & Livelihood Project, to be implemented in 14 districts, will be jointly sponsored by International Fund for Agricultural Development (IFAD) and the state government. While the UN agency will pitch in with about Rs 250 crore, the remaining Rs 400 crore will be coughed up by the state.

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India’s economy – A Bric hits the wall

India’s economy – A Bric hits the wall

May 31st 2012, 13:03 by P.F. | PUNE 

INDIA’S economy has had some bad economic ideas inflicted on it over the past century, from imperial neglect to the cult of the village and big-ticket socialism. Maybe the concept of BRICs—a handful of emerging economies including India that were destined for fast growth—should be added to the list. It led to a bubble of complacency that is now being popped rather brutally. Growth in India was 5.3% in the three months to March—worse than the 6% expected, below the prior quarter and way below the close-to-double digit rates that were meant to be preordained and propel India to economic super-power status.

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Bihar to figure in international labour meet at Geneva

Bihar to figure in international labour meet at Geneva

PATNA: Steps taken by the Nitish Kumar-led NDA government for improving the lot of state’s workforce and unemployed youths would figure prominently at the 16-day 101st International Labour Conference (ILC) to be organized by International Labour Organisation (ILO) at Geneva (Switzerland), from May 30.

State labour resources development (LRD) department minister Janardan Singh Sigriwal, who would be a part of the four-member Indian delegation, led by Union labour and employment minister Mallikarjun Khadge, to ILC, said here on Saturday the ILO has allotted the first five days of the ILC to discuss the problems related to labour and youth unemployment in India, and also to take account of the concrete and corrective steps taken by the governments, both Union and state, on these fronts.

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Bihar boasts of 14.8% growth in 2010-11

Bihar boasts of 14.8% growth in 2010-11

PATNA: Bihar accelerated its growth rate to 14.8% in 2010-11 but still continued to be at the bottom of the pecking order in terms of per capita income in the country.

This was the highlight of the Economic Survey 2011-12, which was tabled in the state legislature on Wednesday by deputy CM Sushil Kumar Modi, who also holds the finance portfolio. The state’s economy grew at an annual rate of 11.36% between 2004-05 and 2010-11, riding on substantially higher public investment.

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Invitation to the Global Summit on changing Bihar (17th – 19th Feb, 2012)

Invitation to the Global Summit on changing Bihar (17th – 19th Feb, 2012)

Dear Members of Bihar Foundation Chapter,

I have just taken over as Chief Executive Officer of Bihar Foundation and I wish to renew our relationship.  As you are aware, a ‘Global Summit on Changing Bihar’ is being organised on 17th–19th February, 2012 in Patna by Bihar Foundation in association with the Institute for Human Development (IHD) and Asian Development Research Institute (ADRI). 

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