-RuralIndiaOnline.org It's been hard days for powerloom weavers in the city's Bazardiha cluster – with lockdowns and monsoon flooding. But it’s the UP government’s review of their electricity subsidy that has them the most worried In the narrow lanes of Bazardiha, amid the clacking sounds of powerlooms, Wasim Akram is busy at work. He has been weaving since the age of 14 in the same two-storey brick-cement house – generations old, as...
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Dried Wells, Broken Dams, Distressed Villagers Define UP's Multi-Crore 'Bundelkhand Package' -Dheeraj Mishra
-TheWire.in Corruption, poor quality construction materials and the specious implementation of schemes combined with the Centre’s flawed MSP policies have rendered the attempt to transform the region useless. Chitrakoot/ Banda: On a freezing night in early January, as anchors on television and radio jubilated in the new year and extolled the many ‘achievements’ of the incumbent government, Madhav Prasad, a 55-year-old farmer in Bundelkhand, lay anxious on a cot in his hut. The...
More »Stop chasing profits at customers' expense, RBI Deputy Governor tells MFIs
-The Hindu The RBI deputy governor reminded the industry that their customers often have lower level of financial awareness and literacy and ‘are often too desperate to turn away any source of credit’. Micro-finance lenders must refrain from chasing profits and introspect on the ‘negative consequences’ of pushing their borrowers into a debt trap, using harsh recovery practices and harassing customers as this could undo the sector’s progress, a top central Banker...
More »How SuburBan, Rural Youth are Being Sucked Into Instant Loan Apps ‘Trap’ -Sashwata Saha
-Newsclick.in Harassment by loan recovery agents hired by these apps has led to at least 21 suicides across India between 2020 and 2021. Meghna Patel took her first loan early in 2020 from an app called FlyCash, whose ads she had been seeing on Facebook. It was a small amount. Just Rs 500. She had to repay Rs 550, two weeks later. The app even had a borrowing limit of Rs 1,000. Recently,...
More »COVID-19 spike: Mamata urges people to wear masks
-PTI/ The Hindu The West Bengal CM urged everyone to follow the COVID-19 safety protocols during the upcoming Kali Puja, Diwali, Chhat Puja and Jagaddhatri Puja festivities With a spike in the number of COVID-19 cases in the State since the beginning of the festive season, West Bengal Chief Minister Mamata Banerjee urged people on Sunday to follow the safety protocols rigourously to curb the spread of the viral disease. She urged everyone...
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