Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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Through &ldquo;nationalised banks-NBFC&rdquo; deals, the Modi government is trying to achieve what the three farm laws could not achieve.

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Through &ldquo;nationalised banks-NBFC&rdquo; deals, the Modi government is trying to achieve what the three farm laws could not achieve.

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    <h1 class="cat-box-title">Co-Lending: A Double Deal for Recolonising Peasantry, Helping Corporate Cronies -Prabhat Patnaik </h1>
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		 Published on</span><span class="text-date"> Jan 9, 2022</span>
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                            <p style="text-align:justify">-Newsclick.in</p><p style="text-align:justify"><em>Through &ldquo;nationalised banks-NBFC&rdquo; deals, the Modi government is trying to achieve what the three farm laws could not achieve.</em></p><p style="text-align:justify">In colonial times, the peasantry had to borrow from private moneylenders. According to Provincial Banking Enquiry Committee reports, these moneylenders in turn borrowed from commercial banks. But while disbursing credit to the peasants and charging exorbitant interest rates, the money lenders at least bore the whole of the lender&rsquo;s risk. The banks from whom they borrowed did not bear any risk in case the peasants could not pay back the loans they had obtained from the moneylenders. The banks, in short, had nothing to do with the ultimate borrowers.</p><p style="text-align:justify">But, with the new arrangement being put into effect, of which the deal between Adani Capital and the State Bank of India (SBI) is an example, there will be co-lending, with the bank paying 80% and a &lsquo;non-bank financial company&rsquo; (NBFC) like Adani Capital paying 20% of the loan. The NBFC will obviously decide whom to lend and on what conditions, subject, one presumes, to certain restrictions imposed by the Reserve Bank of India&rsquo;s (RBI) guidelines.</p><p style="text-align:justify">Please <a href="https://www.newsclick.in/co-lending-double-deal-recolonising-peasantry-helping-corporate-cronies" title="https://www.newsclick.in/co-lending-double-deal-recolonising-peasantry-helping-corporate-cronies">click here</a> to read more.</p>                                                           
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    <br><a href="https://www.newsclick.in/co-lending-double-deal-recolonising-peasantry-helping-corporate-cronies" class="re" target="_blank">Newsclick.in, 9 January, 2022, https://www.newsclick.in/co-lending-double-deal-recolonising-peasantry-helping-corporate-cronies</a><div class="clear"></div>
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Through &ldquo;nationalised banks-NBFC&rdquo; deals, the Modi government is trying to achieve what the three farm laws could not achieve.

In colonial times, the peasantry had to borrow from private moneylenders. According to Provincial Banking Enquiry Committee reports, these moneylenders in turn..."/>
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Through &ldquo;nationalised banks-NBFC&rdquo; deals, the Modi government is trying to achieve what the three farm laws could not achieve.

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    <h1 class="cat-box-title">Co-Lending: A Double Deal for Recolonising Peasantry, Helping Corporate Cronies -Prabhat Patnaik </h1>
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                            <p style="text-align:justify">-Newsclick.in</p><p style="text-align:justify"><em>Through &ldquo;nationalised banks-NBFC&rdquo; deals, the Modi government is trying to achieve what the three farm laws could not achieve.</em></p><p style="text-align:justify">In colonial times, the peasantry had to borrow from private moneylenders. According to Provincial Banking Enquiry Committee reports, these moneylenders in turn borrowed from commercial banks. But while disbursing credit to the peasants and charging exorbitant interest rates, the money lenders at least bore the whole of the lender&rsquo;s risk. The banks from whom they borrowed did not bear any risk in case the peasants could not pay back the loans they had obtained from the moneylenders. The banks, in short, had nothing to do with the ultimate borrowers.</p><p style="text-align:justify">But, with the new arrangement being put into effect, of which the deal between Adani Capital and the State Bank of India (SBI) is an example, there will be co-lending, with the bank paying 80% and a &lsquo;non-bank financial company&rsquo; (NBFC) like Adani Capital paying 20% of the loan. The NBFC will obviously decide whom to lend and on what conditions, subject, one presumes, to certain restrictions imposed by the Reserve Bank of India&rsquo;s (RBI) guidelines.</p><p style="text-align:justify">Please <a href="https://www.newsclick.in/co-lending-double-deal-recolonising-peasantry-helping-corporate-cronies" title="https://www.newsclick.in/co-lending-double-deal-recolonising-peasantry-helping-corporate-cronies">click here</a> to read more.</p>                                                           
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        LATEST NEWS UPDATES | Co-Lending: A Double Deal for Recolonising Peasantry, Helping Corporate Cronies -Prabhat Patnaik     </title>
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Through &ldquo;nationalised banks-NBFC&rdquo; deals, the Modi government is trying to achieve what the three farm laws could not achieve.

In colonial times, the peasantry had to borrow from private moneylenders. According to Provincial Banking Enquiry Committee reports, these moneylenders in turn..."/>
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Through &ldquo;nationalised banks-NBFC&rdquo; deals, the Modi government is trying to achieve what the three farm laws could not achieve.

In colonial times, the peasantry had to borrow from private moneylenders. According to Provincial Banking Enquiry Committee reports, these moneylenders in turn..." />
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    <h1 class="cat-box-title">Co-Lending: A Double Deal for Recolonising Peasantry, Helping Corporate Cronies -Prabhat Patnaik </h1>
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                            <p style="text-align:justify">-Newsclick.in</p><p style="text-align:justify"><em>Through &ldquo;nationalised banks-NBFC&rdquo; deals, the Modi government is trying to achieve what the three farm laws could not achieve.</em></p><p style="text-align:justify">In colonial times, the peasantry had to borrow from private moneylenders. According to Provincial Banking Enquiry Committee reports, these moneylenders in turn borrowed from commercial banks. But while disbursing credit to the peasants and charging exorbitant interest rates, the money lenders at least bore the whole of the lender&rsquo;s risk. The banks from whom they borrowed did not bear any risk in case the peasants could not pay back the loans they had obtained from the moneylenders. The banks, in short, had nothing to do with the ultimate borrowers.</p><p style="text-align:justify">But, with the new arrangement being put into effect, of which the deal between Adani Capital and the State Bank of India (SBI) is an example, there will be co-lending, with the bank paying 80% and a &lsquo;non-bank financial company&rsquo; (NBFC) like Adani Capital paying 20% of the loan. The NBFC will obviously decide whom to lend and on what conditions, subject, one presumes, to certain restrictions imposed by the Reserve Bank of India&rsquo;s (RBI) guidelines.</p><p style="text-align:justify">Please <a href="https://www.newsclick.in/co-lending-double-deal-recolonising-peasantry-helping-corporate-cronies" title="https://www.newsclick.in/co-lending-double-deal-recolonising-peasantry-helping-corporate-cronies">click here</a> to read more.</p>                                                           
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    <br><a href="https://www.newsclick.in/co-lending-double-deal-recolonising-peasantry-helping-corporate-cronies" class="re" target="_blank">Newsclick.in, 9 January, 2022, https://www.newsclick.in/co-lending-double-deal-recolonising-peasantry-helping-corporate-cronies</a><div class="clear"></div>
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Co-Lending: A Double Deal for Recolonising Peasantry, Helping Corporate Cronies -Prabhat Patnaik

Published on Jan 9, 2022   Modified on Jan 16, 2022

-Newsclick.in Through “nationalised banks-NBFC” deals, the Modi government is trying to achieve what the three farm laws could not achieve. In colonial times, the peasantry had to borrow from private moneylenders. According to Provincial Banking Enquiry Committee reports, these moneylenders in turn borrowed from commercial banks. But while disbursing credit to the peasants and charging exorbitant interest rates, the money lenders at least bore the whole of the lender’s risk. The banks from whom they borrowed did not bear any risk in case the peasants could not pay back the loans they had obtained from the moneylenders. The banks, in short, had nothing to do with the ultimate borrowers. But, with the new arrangement being put into effect, of which the deal between Adani Capital and the State Bank of India (SBI) is an example, there will be co-lending, with the bank paying 80% and a ‘non-bank financial company’ (NBFC) like Adani Capital paying 20% of the loan. The NBFC will obviously decide whom to lend and on what conditions, subject, one presumes, to certain restrictions imposed by the Reserve Bank of India’s (RBI) guidelines. Please click here to read more.

Newsclick.in, 9 January, 2022, https://www.newsclick.in/co-lending-double-deal-recolonising-peasantry-helping-corporate-cronies

Tagged with: Non-Bank Financial Company NBFCs Peasantry Private moneylenders SBI State Bank of India

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