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Rs 207 cr. NABARD aid for Rajasthan

The National Bank for Agriculture and Rural Development (NABARD) has sanctioned loan assistance worth Rs 207 crore to Rajasthan for the development of rural infrastructure, an official release said here Thursday. Chief General Manager of NABARDs regional office, Jaipur, R Narayan, said the amount will be utilized for developing additional irrigational and rain water-harvesting facilities in the State. The fund has been sanctioned under the rural infrastructure development fund phase-XII, he said. This amount will be mainly spent on Piplad and Gagrin (Jhalawar) and Takli (Kota) medium irrigation projects and Barloot and Nawara (Sirohi) minor irrigations projects. Apart from this,

Threads dont match

Threads dont match Jagjanani Textile Ltd (JTL) is engaged in the manufacture of cotton yarn with an installed capacity of 3600 MTA near Jaipur. The company sells its cotton and blended yarn in both domestic and international markets. JTLs sales have grown from Rs 23.76 crore in FY2002-03 to Rs 27.49 crore in FY2005-06, depicting a CAGR of 5% and they are volatile in nature. Profit for the same period has grown from Rs 0.42 crore to Rs 2.10 crore connoting a CAGR of 70%. In the first 6 months of FY2006-07 ending September 30, 2006, the company reported sales of

Dabur to invest Rs 100 cr by 2010

Dabur to invest Rs 100 cr by 2010 Buoyed by the increased demand for its flagship product, Real Juice, FMCG major Dabur Foods Ltd on Tuesday said it will invest Rs 100 crore to expand capacities and expects to double revenues to Rs 500 crore in the next three years. We would close the current fiscal at a turnover of Rs 250 crore and are targeting to touch Rs 500 crore by 2009-10. The company would invest Rs 100 crore over the next three years to upgrade and expand facilities, Dabur Foods Chairman Amit Burman told reporters here. He said nearly

Jaipur set to become Wi-Fi compliant

Jaipur would soon be made a Wi-Fi city. Rajasthan's chief minister Vasundhara Raje while announcing this in her budget speech said, "We would make Jaipur a wi-fi city in phases". After the completion of this project one could access wireless internet in any part of the city.Similarly, the chief minister has announced setting up of a biotech information centre in the city. "We plan to set up a biotech information centre in Jaipur. It would be set up in association with private sector", Raje said. State government would give a financial assistance of Rs one crore to

NRIs park 46% of earnings in bank deposits, realty, stocks

Only a slice of the money sent by the Indian diaspora goes towards maintenance of the family back home. A chunk flows into the stock market and other investment avenues. A study on remittances conducted by the Reserve Bank of India (RBI) reveals 46% of the money is parked in instruments such as stocks, bank deposits and real estate. Of this, 20% is in bank deposits, 13% in real estate and shares and the balance 13% in other instruments. In FY06, India received $24.6 billion as remittance. An extrapolation of the figures arrived at by RBI shows that families of