Lenders have urged Reserve bank of India

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Lenders have urged Reserve bank of India to give priority sector status to loans for projects that emit lower carbon.

Bankers have argued that in the absence of any policy initiatives from the government and the banking regulator, this move could work as an incentive for banks to finance environmental-friendly projects.

All PSU and private banks have to give 40 per cent of their loans to farmers, the weaker section of the society and as home loans and education loans.

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Over 200 years of economic experience tells us that hyper-debt-fuelled-investment creates a bubble

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India's personal computer sales touched 2.2 million in the first quarter of this year, registering a growth of an impressive 33 per cent, says IDC, a leading technology consultancy and think tank.

Among the various segments, desktop computers accounted for nearly two-thirds of the total sales at 1.44 million units, representing an 18 per cent growth, while notebook sales were up 72 per cent with 803,000 thousand.

Overall, the impressive performance in the January-March quarter saw the sales of personal computers during fiscal 2009-10 log a 7.6 percent growth, on the back of a 8.1-per cent decline in the previous fiscal.