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Inst investors committing less funds; PEs turn cautious
Private equity firms are becoming cautious about making fresh investments in India with less funds flowing into this segment as institutional investors have become more sceptical in committing funds without thorough research, experts says.

Food inflation at 19.83% on high potato, pulses rates
Food inflation, as measured by the Wholesale Price Index (WPI), rose to 19.83 per cent for the week ended December 19 primarily due to rising prices of potatoes, pulses and other vegetables. Food inflation stood at 18.65 per cent for the previous week ended December 12 and at 9.38 per cent during the corresponding period in 2008.

News of the day

Need to enhance investment in agri-sector: Pawar
The government today said there is a need to enhance investment in the agriculture sector to achieve 4 per cent growth during 11th Five Year Plan.
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Govt ask KVIC to ensure fast disbursement of subsidy

The government today asked the Khadi and Village Industries Commission (KVIC) to ensure an early disbursement of Rs 400 crore subsidy under an employment guarantee scheme for 2008-09 pending with the banks. - Food subsidy may top Rs 60,000 cr this fiscal: Pawar - Reddy to seek financial assistance from Centre - Implement NREGA properly, transparently: Joshi - MPs to head panels to monitor rural projects - Govt can save more on subsidy if gas is priced lower: ADAG - Few people get 100-day employment under NREGA Minister of State (Independent Charge) Micro, Small and Medium Enterprises Dinsha Patel said there was a delay in disbursing the subsidy under the Prime Minister Employment Guarantee Programme (PMEGP) due to a large number of applications as the scrutiny of the same took time. "I would request KVIC to coordinate with... Nodal branches of banks, senior officers of financial institutions to ensure that the amount available which is yet to be spent, reaches the beneficiaries immediately," he said at a meeting of the National Khadi and Village Industries Board here. In 2008-09, banks had approved 36,287 projects under PMEGP while the KVIC has set a target of 61,697 projects for the current fiscal. Patel also said the government was considering a Market Development Assistance Scheme to replace the existing rebate scheme. "Under this scheme, it is proposed to provide assistance to institutions at the rate of 20 per cent of production cost of cotton khadi, silk khadi, woolen khadi and polyvastra," he said.


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