-The News Minute Rice Diversity Blocks in Kerala and five other states preserve over 1,000 indigenous varieties of rice that were at risk of being lost. In the Indian subcontinent, the birthplace of paddy, the colours of the crop’s many varieties are as diverse as the land, its people, languages, cultures, costumes, dialects and so on. But most of that variety was lost, when farmers were asked to forgo indigenous varieties...
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Notes Ban: In Uttar Pradesh Town, Only One ATM In 53 Is Working -Alok Pandey
-NDTV Mirzapur, Uttar Pradesh: The cash crunch in the aftermath of the government's ban on Rs. 500 and Rs. 1,000 notes is bad enough in metros with block-long queues. But how bad is it in the small towns of India? Deep in eastern Uttar Pradesh, in Vindhyachal and Mirzapur, NDTV did a reality check. And the results were staggering. The journey started at 9 am, outside the ICICI bank ATM in the...
More »Rs 1 lakh crore: fall in bank credit growth in fortnight after Nov 8 -George Mathew
-The Indian Express Banks are now caught in a dilemma even as they stare at a decline in loan growth — considering the surge in deposits since November 9. Mumbai: Struggling to cope with bad loans and the aftermath of the demonetisation decision, indian banks have taken a hit on lending. Loan growth plunged by Rs 1 lakh crore in the fortnight that ended November 25, according to estimates. According to...
More »Digital push problem: 9 of 10 cards used at ATMs, not for purchases -Sunny Verma
-The Indian Express Reserve Bank of India data for October 2016 put the number of debit cards in the country at 94.2 crore. New Delhi: The Centre’s digital push stares at a debit card usage problem: nine of ten cards are used solely for cash withdrawals at ATMs. Reserve Bank of India data for October 2016 put the number of debit cards in the country at 94.2 crore. People used debit cards for...
More »Demonetization: Pain or gain? -BM Singh
-Livemint.com Mere demonetization would not serve the purpose, it would have to be taken in conjunction with other measures to correct systemic faults and not just destruction of cash Most of the country and even foreigners are going gaga over the move by the government to demonetize high-denomination notes. A presumption has been made that they mostly reflect black money or unaccounted wealth. A bold move indeed and there are many who...
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