-World Resources Institute India struggles with water scarcity, a problem that poses especially huge implications for the country's food security and rural livelihoods. The country has long-battled its scarcity issues through Watershed Development, a participatory approach to improve water management through afforestation and reforestation, sustainable land management, soil and water conservation, water-harvesting infrastructure, and social interventions. But while watershed development has been employed in communities throughout India, its potential long-term costs...
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Kerala govt mulling waiver of stamp duty for Farm Loans
-The Hindu Thiruvananthapuram (Kerala): The government is considering a proposal to exempt stamp duty on agricultural loans issued by commercial banks. Finance Minister K.M. Mani told a meeting of the State Level Bankers Committee (SLBC) here on Monday that a decision on the issue would be taken soon after assessing the financial implications. Pointing to the substantial share of commercial banks in primary sector credit, the last meeting of the SLBC had...
More »10 employed as bonded labourers from Puducherry rescued
-The Hindu Puducherry: Revenue officials from Puducherry rescued 10 persons, including a child, of the Irula community who were employed as bonded labourers in a sugarcane farm in Andhra Pradesh. Senthamilselvan, Bhaskar, Jayamoorthy, Valarmathi, Azhagar, Shekar, Shaktivel, Rani, Kalyani and 5-year-old Vijay, all from Earipakkam near Bahour in Puducherry, were employed in a sugarcane field in Illathur in Andhra Pradesh. Speaking to The Hindu, District Collector S.B. Deepak Kumar said the issue came...
More »UP sugar mills run 'ponzi scheme' to pay farmers' dues -Anil Sasi
-The Indian Express On the surface, the sugar crisis in Uttar Pradesh may seem to be inching closer to a resolution. But cane farmers may have unwittingly mortgaged their land, signing up for crop loans from public sector banks, with the money so raised being used by the mills to pay arrears of a different set of farmers. This model, of mills rotating working capital loans from banks, to deliver pending payouts...
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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