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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.
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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BCC lauds state’s 14.15% growth rate

BCC lauds state’s 14.15% growth rate

PATNA: The trade and industry circles on Sunday expressed their satisfaction over the 14.15% growth rate achieved in the gross state domestic product (GSDP) during the 2010-11 fiscal under the Nitish Kumar-led government.

Bihar Chamber of Commerce (BCC) president O P Sah said that it was a matter of immense satisfaction and pride that the state’s economy had achieved “such a healthy growth”.

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Bihar jumps to second spot in I-T growth rate

Bihar jumps to second spot in I-T growth rate

PATNA: Bihar has grabbed the second position in the country in terms of percentage growth rate in income-tax collection. In the financial year 2010-2011, the growth rate has been 26.9%. It has been a commendable feat as compared to last fiscal when Bihar stood fifth with 19.8% growth rate.

As per the figures made available by the department, net I-T collection of Bihar and Jharkhand region during the financial year 2010-11 stood at Rs 4,263 crores against the budget target of Rs 4,079 crore. During the previous year (2009-10), the collection was Rs 3,358 crores against the target of Rs 3,170 crores. Thus, the tax collection shows a 27% growth against the last year’s 19.8%.

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A New Crop Of Consumers

A New Crop Of Consumers

By JYOTI THOTTAM / MUZAFFARPUR

 

It’s mid-March in Muzaffarpur, and the lychee trees are almost in bloom in this remote corner of northern India. When the flowering begins, beekeepers like Manoj Kumar Singh will take their hive boxes to the edges of the nearby orchards, leaving their bees to produce the region’s renowned lychee honey. Beekeeping is a tradition in Muzaffarpur, and for decades, so was poverty. “If you had guests, you’d wonder, How are we even going to offer them a cup of tea?” he says. But honey prices have tripled in the past few years, and that’s afforded Singh, 33, enough income to hire a full-time employee, purchase new plots of land, build an addition to his brick house and buy a new motorbike to ride around his village.

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