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)
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (1817–1862)