Developing Rural India: The Future Perspective (October 2011)

Oct 20, 2011

Monthly e-newsletter of OIFC

Dear Reader,

October 2011

This edition of 'IndiaConnect' focuses on Rural Development in India. The Central and the State Governments have been making constant efforts to uplift the rural society, as well as, to remodel and revolutionise the rural living standards across the country. Along with the Indian Government efficiently essaying its role in rural development, there has been an increased participation from Non-governmental Organizations (NGOs) and Corporate India to initiate sustainable and inclusive development of rural areas in India.

Our Partners from the States of Bihar and Orissa have offered valuable insights on the existing trends and potential of rural development in their respective states. Additionally, our premium knowledge partner, Union Bank of India provides views on the rural sector and its development in India.

It is our pleasure to announce Pravasi Bharatiya Divas (PBD), the annual flagship convention of the Ministry of Overseas Indian Affairs (MOIA), partnered by Confederation of Indian Industry (CII), to be held in Jaipur from 7-9th January, 2012. PBD aims to bring together the Overseas Indian community with Indian policy makers and businesses, to celebrate as well as address common issues and challenges. We look forward to your participation.

To get latest updates on the Indian economy, do read our Economy Watch section. Further, read our 'IndiaUpdates' section, for the important news trends and analysis, aimed at helping the Diaspora appreciate the emerging political, economic and sectoral environment in India.

Stay Connected with OIFC!

Sujata Sudarshan
CEO
Overseas Indian Facilitation Centre

ourservices

Our investment consultation and facilitation services have been steadily attracting numerous queries from Overseas Indians across geographies, round the clock. These include queries for guidance on tax, legal, investment, education, human resource (HR) services and pre-entry market exploration. Register and avail of our investment consulting and facilitation services.
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infocus

Rural Development: Growth Driver for Indian Economy
In India, rural development is an integrated effort to eliminate poverty, and sustain growth across all rural sectors. This includes setting up basic infrastructure and facilities such as medical facilities, schools, and transport facilities, apart from scheme implementation related to improving rural employment, agricultural productivity and rural industrialisation.
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Contributions from our Partners

discussionforum

In spite of a highly centralized rural healthcare infrastructure in the country, there are a number of issues facing the rural healthcare sector. One of the major concerns is the low efficiency and poor quality of the healthcare professionals employed in the Indian rural sector. The contributing factors of this may be attributed to the highly centralised healthcare systems in rural India, with no local autonomy over the quality of healthcare. Ill equipped and under trained staff in some rural areas have proved to be a major hindrance in optimizing healthcare services.

In view of these concerns, the Indian government has initiated two significant initiatives that increase the local governing body participation / responsibility and utilization of funds allotted through local governing bodies. Thus local self-government in rural India has become the main vehicle for the delivery of effective healthcare services to the rural community.

We invite you to contribute on the subject on how rural healthcare programs and schemes in the country can be more effective and deliver optimized services for millions of rural populace in India.

Let's discuss.

investmenttrends

India's total private transfer receipts during April-June 2011-12 (Preliminary) stood at 14.4 billion, while between April-June 2010-11 (Partially Revised), private transfers receipts amounted to US$ 13.7 billion, according to figures released by the Reserve Bank of India (RBI) in October 2011.
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yourquery

Q: I wish to set up a business in a village in India. The business should be such that it can be carried out without the use of electricity. Please advise what are the various possibilities of setting up such a business?

A: If you want to set up a business in villages which do not have electricity, you can surely do so. You can use alternate energy sources such as solar energy, which can be achieved by installing solar panels on the roof of your property, which can be used to generate electricity. You can also use thermal energy such as coal and convert to electrical energy or a bit more expensive method would be to use generators/invertors to produce electrical energy with the help of petroleum. Without knowing the amount of money you want to invest it is harder to suggest anything. Nevertheless, there are a lot of options available that are suitable to be conducted from villages such as textile industry, cottage industry, pottery, handicrafts, weaving etc. You can also conduct a survey among the locals on products that are most needed in the villages and also if you are looking to employ villagers, then you need to decipher if they have the required skills to perform the tasks. Lastly, you should also check with the local banks and cooperatives regarding the kind of business feasible for you.

(Answered by our Premium Knowledge Partner Corporate Professionals)
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policy&newsupdates

Partial Modification of National Rural Drinking Water Programme
The Union Cabinet has approved partial modification of fund allocation under the National Rural Drinking Water Programme (NRDWP).
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OIFC is a not-for-profit public-private initiative of the Ministry of Overseas Indian Affairs (MOIA) and the Confederation of Indian Industry (CII) aiming at expanding the economic engagement of the Indian diaspora with India.

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