-The Hindu Why the drop in rates? Garlic has been the latest casualty of the price crash in the vegetable market after poor returns of tomato and potato crops forced many farmers to abandon their produce owing to a bumper output in recent days. The miseries of financially distressed farmers seem far from over even as they continue to demand waiver of farm loans and remunerative prices for their produce through several...
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Aruna Roy, social activist and Magsaysay Award winner, interviewed by G Sampath
-The Hindu The social activist whose new book on the RTI is just out, worries about the doublespeak in politics today, where rhetoric and substance never match The past couple of months have been hectic for Aruna Roy. The social activist and Magsaysay Award winner has been travelling across the country to promote her book, The RTI Story: Power to the People, which came out in April. After waiting more than a...
More »Farmers for policy initiatives to mitigate agricultural crisis
-The Hindu KRRS and Hasiru Sene seek to remind CM Kumaraswamy of his pre-poll promise of a loan waiver MYSURU: Farmers from the region have come out with a 10-point agenda for the new coalition government in the State to ensure the welfare of cultivators and mitigate agricultural distress. The Karnataka Rajya Raitha Sangha (KRRS) and Hasiru Sene have sought to remind the Chief Minister H.D. Kumaraswamy of his pre-election promise of a...
More »In five years, pvt banks see 450 per cent spike in Bad Loans -George Mathew
-The Indian Express Among private banks, ICICI Bank, whose MD and CEO Chanda Kochhar is facing allegations of conflict of interest while sanctioning loans to the Videocon Group, topped the NPA table with Rs 54,063 crore in bad loans. Mumbai: Data over the last five years shows that private banks have been steadily accumulating Bad Loans, with a 450 per cent rise in gross Non-Performing Assets (NPAs) of these banks — from...
More »Insolvency and Bankruptcy Code: BJP claims Rs 4 lakh crore recovery; RBI data tell a different story -Sunny Verma
-The Indian Express As against this claim, the Reserve Bank of India's latest data shows that the public sector banks could recover a total of only Rs 15,786 crore in the fiscal year 2016-17 and 2017-18 till December 31 through all recovery channels, including IBC. The BJP claimed on its Twitter account on Saturday that the “Insolvency and Bankruptcy Code (IBC), 2016 has resulted in recovery of Rs 4 lakh crore out...
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