-The Indian Express In the implementation of the Pradhan Mantri Jan Dhan Yojana, public sector banks and regional rural banks have opened 29.13 crore accounts as against 96 lakh accounts by the private banks. Chennai: The All India Bank Officers Confederation (AIBOC), the largest body representing over 3,25,000 officers, opposed the Centre’s move making Aadhaar mandatory and forcing bank officers to do Aadhar seeding. When the matter is subjudice in the...
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Shyam Khadka, India's representative at the FAO of the United Nations, interviewed by Sayantan Bera (Livemint.com)
-Livemint.com In India, 9 million people left farming between 2001 and 2011 largely due to distress, not because industry invited them, says Shyam Khadka, India’s representative at the FAO Shyam Khadka, India’s representative at the Food and Agriculture Organization (FAO) of the United Nations, says more Indians are moving out of agriculture due to distress and not because the manufacturing sector is inviting them. In an interview, Khadka calls for converting food...
More »Gujarat is offering 0%-interest loans to farmers but its record on long-term support is patchy -Nitin Sethi
-Scroll.in The state’s expenditure on agriculture and irrigation has fallen since 2013-’14. In the run-up to the Gujarat assembly elections, Chief Minister Vijay Rupani on October 16 announced that his government would offer interest free-loans to farmers who borrow up to Rs 3 lakh and pay the amount back on time. Many Opposition politics criticised this as a populist measure, aimed at garnering votes for Rupani’s Bharatiya Janata Party. Reducing the interest...
More »Avoid the adventurous path -M Govinda Rao and C Rangarajan
-The Hindu Any aggressive attempt to widen the fiscal deficit will land India’s economy in problems The sharp deceleration in the growth of the economy as revealed by the first quarter estimate of GDP released a month ago has been widely commented upon. The policy prescriptions needed to reverse the trend depend on our understanding of the factors responsible for the slowdown. Among other things, one factor that stands out is the...
More »Power Sector Lenders see NPAs Surge Even as Piyush Goyal Defends IREDA's loan Record -Noor Mohammad
-TheWire.in Growth in bad loans raises questions about due diligence measures followed by renewable energy, power PSUs over last five years. New Delhi: Defending the Indian Renewable Energy Development Agency’s (IREDA) grant of a Rs 10.35 crore loan to BJP president Amit Shah’s son, railway minister Piyush Goyal recently stated that the financing agency had lent money to about 2,000 applicants “in the past one year or so”. While this growth in lending...
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