Economy
The Raichur Thermal Power Station at Shaktinagar in this district provides a large portion of the electricity consumption in Karnataka.
Raichur District is one of few places in India with gold resources. Hatti Gold Mines are situated in Raichur District, around 90 km away from Raichur city. All the five talukas mentioned above are very well irrigated, with water from the Tungabhadra Dam on the Tungabhadra River, and Narayanpura Dam on the Krishna River. Raichur is known for its paddy fields and its rice is of extremely superior quality. Raichur has numerous rice mills which export high quality rice to different countries. It also has a good trading market in cotton industry.
In 2006 the Ministry of Panchayati Raj named Raichur one of the country's 250 most backward districts (out of a total of 640). It is one of the five districts in Karnataka currently receiving funds from the Backward Regions Grant Fund Programme (BRGF).
Read more about this topic: Raichur District
Famous quotes containing the word economy:
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)
“Wise men read very sharply all your private history in your look and gait and behavior. The whole economy of nature is bent on expression. The tell-tale body is all tongues. Men are like Geneva watches with crystal faces which expose the whole movement.”
—Ralph Waldo Emerson (1803–1882)