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Lighting Fixtures & Accessories
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At the beginning of every great business is the eternal question, what kind of business am I going to venture? There are different types of business structures each with their own pros and cons. One of which is the sole proprietorship which are typically service-based. This type of business model is the simplest approach for a small organization. Probably, when most of us hear of a small business, a mom and pop store a small shop with a couple employees come to mind. But although that can be the case, that is not always so. Now for those who want to have small grocery stores or businesses on a budget, POS systems are an efficient way of keeping your business at pace while eliminating some additional work for you. These points of sale products are complied, allowing you to get to know about it better before you make a choice on having those new hardware and software.
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Agriculture Gets Lion’s Share In Credit Plan
Indian Bank, the lead district bank, has released an Annual Credit Plan (ACP) for an outlay of Rs. 923 crore for the financial year 2010-11 for Dharmapuri district. Collector P. Amutha released the Plan at the monthly bankers’ consultative meeting recently.
The Plan was finalised after having discussions with the National Bank for Agriculture and Rural Development, district administration and other stakeholders, a release from the Bank said here.
Greater emphasis has been given to agriculture sector. A sum of Rs. 592.30 crore has been allocated for agriculture. A sum of Rs. 84.75 crore has been allocated for non-farm and small scale sector and Rs. 246.39 crore for other priority sectors such as small business, self-employment, housing and education loan purposes.
Nearly one third of the total Credit Plan outlay was earmarked for covering the government-sponsored loan schemes such as SGSY, Prime Minister’s Employment Guarantee Programme, TAHDCO, Self-Help Groups and District Linkage programmes etc.
The credit to deposit ratio of the Banks in Dharmapuri district stood at an all time high of 142 per cent during the last financial year 2009-10. During this period, the deposits increased by Rs. 202.58-crore i.e. 19.9 per cent higher than the previous financial year. The advances of the banks during the corresponding period increased by Rs. 345.69 crore, which is 24.9 per cent higher than the previous fiscal.
Major portion of the credit was extended to agriculture sector (57.5 per cent) and for the priority sector it is 84 p.c.
“As many as 101 villages with a population of more than 2,000 were identified for financial inclusion as per the guidelines of Reserve Bank of India. Indian Bank has chalked out a detailed programme to provide banking services to these villages” said S. Sadagopan, Deputy General Manager, Indian Bank. M. Vijaykumar, Lead District Manager, Reserve Bank of India, C. Ganesan, Assistant General Manager, NABARD, J. Margaret, Lead District Manager, Indian Bank, and officers from other banks and government officials participated in the meeting. The Hindu
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Consumer Prices Rise A 4th Month
Consumer prices rose for a fourth consecutive month last month, increasing 1.34 percent from a year ago, after a revised 1.26 percent gain in March, the Directorate-General of Budget, Accounting and Statistics (DGBAS) said yesterday.
The wholesale price index (WPI) climbed 9.09 percent year-on-year last month, chiefly because of a surge in global raw material prices, which posted the highest growth in 20 months, the statistics agency said.
“The WPI has reflected rising international raw materials prices, such as crude oil, metals and chemicals, since it posted growth for the first time last November,” DGBAS section chief Wu Chao-ming (吳昭明) told a media briefing.
But Wu noted the key inflation gauge — the consumer price index (CPI) — had yet to markedly reflect the increase on the WPI as it usually lags by six months, adding that inflationary pressures were not imminent yet.
Standard Chartered economist Tony Phoo (符銘財) agreed, saying by telephone that local inflation was still “moderate” as the core CPI, which excludes volatile vegetable, fruit, fish and energy prices, remained relatively low.
The core CPI grew 0.24 percent year-on-year and 0.7 percent from a month earlier, the data showed.
On a month-on-month basis, the CPI edged up 0.84 percent last month, which DGBAS officials attributed to new sales of spring and summer clothing and the rising prices of eggs, fruits and tourgroup fees, the agency said.
In the first four months, the CPI climbed 1.3 percent on a yearly basis, slightly higher than DGBAS’ forecast rise of 1.27 percent for the whole year.
Phoo said that given the high unemployment rate and still moderate inflation, chances that the central bank would raise the discount rate in its next policy meeting next month were very low.
“There’s no urgency for the central bank to hike the discount rate yet, but instead, it would likely raise reserve requirements and continue to issue long-term negotiable certificates of deposits to absorb liquidity in the market,” Phoo said. By Ted Yang, Taipei Times