• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Thiruvananthapuram , Jan. 16

The All India Nabard Employees Association has decided to launch a nationwide agitation to press a list of demands.

Announcing details agreed upon during a meeting of office-bearers at Hyderabad, Mr Jose T. Abraham, Vice-President, said the association took strong objection to the stoppage of the General Line of Credit (GLC) support to Nabard (National Bank for Agriculture and Rural Development). GLC is a short-term agriculture credit to cooperative banks and regional rural banks.

This, according to Mr Abraham, will only further aggravate the problems on the farm front. Also reprehensible was another decision of the Reserve Bank to stop contributions to the National Rural Credit Funds maintained and run by Nabard.

Other objectionable points cited by the association were the decision to stop treating Nabard bonds as priority sector bonds from April 1, 2007 and withdrawal of staff welfare measures.

More Stories on : Trade & Labour Unions | Agricultural Institutions | Kerala

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
MCX arm plans spot trading in natural gas

Copyright © 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line