-Outlook Kolkata: West Bengal Chief Minister Mamata Banerjee today said two years form now no Gram Panchayat would be there in the state without Banking service and welcomed all nationalised Banks to come forward and open branches in the villages to boost rural economy. Launching 50 branches and 20 ATMs of the United Bank of India (UBI) at a function at the state Secretariat, Banerjee said out of 32,090 Gram Panchayats in...
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Climate talks: wealthy countries urged to foot bill for weather-related disasters-John Vidal
-The Guardian Developing countries threaten to walk out of UN talks in Warsaw over failure to reach agreement on financial recompense The proposal by developing countries that their wealthier counterparts be held financially responsible for the damage incurred by extreme climate events such as typhoon Haiyan and droughts in Africa has become the most explosive issue at the UN's climate change conference in Warsaw. With neither side prepared to give way on...
More »Women’s Bank learns from elder sibling in Maharashtra -Surabhi
-The Indian Express For the Bharatiya Mahila Bank, the country's first pan-India national women's Bank, it is a humble rural cooperative women's venture in Maharashtra that has provided the critical input to succeed: How to lend to women who do not have collateral to back their loans. Chetna V Sinha, founder and chairperson of Mann Deshi Mahila Sahakari Bank, explained that this is the prime weakness in giving loans to women. The...
More »Health and education must be country’s central agenda -Sitaram Yechury
-The Hindustan Times The current electoral discourse shows an amazing disconnect with the actual reality of the deteriorating livelihood conditions of our people. The other day, the BJP PM aspirant thundered in Bangalore that the BJP seeks to create confidence and not fear among the people. The 2002 Gujarat communal pogrom makes this sound incredulous. There is nothing in the BJP's campaign pitch that offers any solution or a methodology for...
More »Rs 1 lakh crore bad loans of corporates written off: RBI-Mayur Shetty
-The Times of India MUMBAI: Data collected by Reserve Bank of India over a period of one year blows the lid off what goes as loan classification in Banks. In a presentation at the annual Bankers' conference, RBI deputy governor K C Chakrabarty showed how Banks have sacrificed over Rs 1 lakh crore by writing off bad loans to corporates, which is much higher than Union finance minister P Chidambaram's farm...
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