-TheWire.in Despite the fact that India's financial inclusion infrastructure has a complex mix of self-help groups and small private Banks offering credit to the poor, it has failed to deliver during the pandemic. When the pandemic struck, policymakers and prominent economists across the world called for financial infrastructures to be strengthened. They argued this would support the efficient channeling of relief through cash transfers or cheap loans. India was no exception to...
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Cyclone Yaas-hit families in Jharkhand stare at starvation -Animesh Bisoee
-The Telegraph Survey done in June among 104 affected families finds several forced to stay under tree sheds in rainy season after houses were completely damaged Jamshedpur: A survey by Khadya Suraksha Jan Adhikar Manch in Jharkhand’s West Singhbhum district has painted a grim picture of tribals battling starvation after being battered by Cyclone Yaas on May 27. The survey done in June among 104 affected families in nine blocks (out of a...
More »Tamil Nadu to enact a Right to Services Act
-The Hindu The Tamil Nadu government will enact a Right to Services Act, Governor Banwarilal Purohit announced on Monday. In his customary address to the Assembly, Mr. Purohit said the Act will streamline the delivery of various public services by government agencies. The Governor said providing a clean administration was the top priority of the government, and the Lok Ayukta would be revitalised and empowered to deal with complaints against public authorities, including...
More »The state of India’s poor must be acknowledged -Seema Chishti
-The Hindu This is ‘abject poverty’, and if the economy is to be repaired, the number of the poor has to be meticulously counted The son of a corn merchant-turned sociologist, Charles Booth had little patience for Charles Dickens and others in his time, who used lyrical prose to describe the desperation of the poor in working class London. Booth was also angry, in 1885, over the claims made by F.D. Hyndman,...
More »Chinese loan apps misuse KYC details of Indians to set up fake Bank accounts -Mithun MK
-TheNewsMinute.com There have been cases of people saying that their KYC details, which were shared with the Chinese loan apps, were used to open Bank and crypto exchange accounts in their names, without consent. Shonali*, a 48-year-old lecturer from West Bengal was laid off from a private university in March 2020. The lecturer, facing financial stress, turned to Chinese-owned instant loan applications that provide microloans without collateral, but at high-interest rates. Shonali...
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