-MoneyLife.in The latest RBI KYC guidelines for opening new bank accounts make it a lot easier for common man as only one document would suffice as proof of identity and proof of residence The Reserve Bank of India (RBI) has come with modifications in KYC (Know Your Customer) guidelines. These modifications have been introduced as per the circular date 10 December 2012 (RBI/2012-13/322 DBOD.AML.BC. No. 65/14.01.001/2012-13). It is important to note that...
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As farmers suffer, NABARD offers soft loans to corporates-Shalini Singh
-The Hindu Private companies get loansat 6.5% with additional cash refunds; for farmers it is 7% The National Bank for Agriculture and rural Development (NABARD), which is dedicated to promoting rural development by providing soft loans to State governments for social sector projects, has given hundreds of crores as loans to corporates on concessional terms. In the Union Budget of 2011-12, Rs. 18,000 crore was allocated by the Centre to NABARD’s rural Infrastructure...
More »One-third of BDOs in Bihar face corruption charges -Santosh Singh
-The Indian Express Patna: Out of 534 block development officers posted across Bihar, 181 or one-third are currently facing probe — mostly for alleged misuse and misappropriation of fund meant for the Indira Awas Yojana. In fact, 58 BDOs face corruption charges for their dubious role in the implementation of IAY. This was revealed in an RTI query by Buxur resident Shiv Prakash Rai, who had asked for a list of...
More »States failed to spend Rs 29,760 cr on flagship programmes like MGNREGA & PMGSY: Jairam Ramesh
-PTI States have failed to spend Rs 29,760 crore under various flagship programmes during the last fiscal, rural Development Minister Jairam Ramesh said today. He said during Question Hour in Rajya Sabha that Rs 10,993 crore remained unspent under Mahatma Gandhi rural Employment Guarantee Act (MGNREGA) and Rs 5,859 crore under Indira Aawas Yojana (IAY). Funds to the tune of Rs 8,919 crore could also not be utilised under Pradhan Mantri Gram Sadak...
More »Lost in caste politics: a woman’s right to choose her partner -PV Srividya
-The Hindu NAGAPATTINAM: When PMK launched its tirade against inter-caste marriages involving Dalit men, political parties came on board to criticize the statements by Ramadoss. Activists and feminist intellectuals say that what was lost in the melee was the voice of Dalit and Vanniyar women, rendered silent by the confines of caste. “Cast in caste, they have become prized trophies to be owned, regulated and guarded by the menfolk of the respective...
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