Growth in 2011-12 fell to a nine-year low of
6.5% hit by high interest rates, struggling overseas economies and sluggish
investment. The expected recovery in the Indian economy did not materialize during
the current fiscal year. GDP growth this year is projected to be 5.5-6 %, below
last year's growth of 6.5%.
The government is doing a lot to improve growth;
our expectations are that in the second half of the current year the growth
rate will improve. The finance ministry has just come up with an estimate for
the year as a whole at 5.7-5.9%. That means that they think in the second half,
it will go to maybe something like 6% or a little about 6% in order to generate
the growth, said Montek Singh Ahluwalia, deputy chairman of Planning Commission.
The Rubber Board of India has extended the last
date for receipt of application for assistance for replanting and new planting
under the Rubber Plantation Development Scheme to 31st December 2012.
Application in the prescribed form in duplicate together with two copies of
sketch of the land already planted in the year 2012 should reach in the
respective regional offices of the Rubber Board.
Read
lot more in Rubber4U – 1st January 2013 issue
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