-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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Khori Demolitions: We Are Being Targeted as We Are Poor, Allege Residents -Sumedha Pal
-Newsclick.in The Supreme Court has refused to stay the demolitions of over 10,000 houses in a bid to preserve the forest cover in the locality in Haryana’s Faridabad. On June 7, a bench of the Supreme Court, while hearing a petition on the clearance of encroachment over the Aravalli zone, had ordered the removal of close to 10,000 homes, housing over 1 lakh people in Haryana’s Khori Gaon, near the national capital....
More »Indian family budgets are stretched, they’re borrowing more. Faster vaccination can fix this -Ila Patnaik and Radhika Pandey
-ThePrint.in RBI data shows a sharp increase in households borrowing against gold. Other indicators also show higher borrowing. More credit is fine, but vaccination needs priority. The second wave of the Covid-19 pandemic and the ensuing lockdown has hit household incomes sharply. Households have survived to a large extent by borrowing. The Reserve Bank of India (RBI) data shows a sharp increase in households borrowing against gold. In addition to borrowing from the...
More »How Punjab's Dalit Labourers Are Trapped to Live a Bonded Life -Vivek Gupta
-TheWire.in A survey revealed that big peasants, who were among the top lenders to the labourers, gave them Loans in the garb of paying low daily wages. Mansa, Patiala (Punjab): A narrow dirt road alongside a filthy pond enters Neelam’s one room house at Aklia village of Punjab’s Mansa district. The house is just a pile of bricks. The floor is muddy and uneven. Neelam, in her 40s, says that whenever heavy rain...
More »Without Addressing Legacy Issues, Can Digitising Land Records in India Be a Game Changer? -Sandip Chowdhury
-TheWire.in For millions of rural families who still lack access to good internet connectivity or are computer illiterate, the programme may end up increasing out-of-pocket expenses. As part of the Digital India Land Records Modernisation Programme (DILRMP), the central government intends to create an Aadhaar-like unique identification for every land parcel in the country. The initiative named Unique Land Parcel Identification Number (ULPIN) will assign a geo-referenced 14-digit alphanumeric unique ID for...
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