-NDTV Lucknow: Lakhs of farmers in Uttar Pradesh who took loans worth Rs. 50,000 or more and have returned 10 per cent of the amount got a big surprise today, with Chief Minister Akhilesh Yadav waiving their loans. The state government said the decision will benefit approximately 7.20 lakh farmers. But the scheme but comes with a rider. It will apply to only those farmers who took the loan by mortgaging property. Such...
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RBI Rules Out Introduction of Islamic Banking
-Outlook Kochi: Reserve Bank Governor D Subbarao today ruled out introduction of Islamic banking in the country but said other methods for channelising funds based on the principles of Islamic law can be looked at. "Islamic banking is not possible", he said, adding the central bank could look at other vehicles based on Islamic banking principles to channelise NRI funds. Replying to a question on the issue, Subbarao said: "There are some legal...
More »From plastic portable loos to Sanitary Bonds, India needs a latrine policy-V Raghunathan
-The Economic Times After Mahatma Gandhi, Jairam Ramesh is the only national leader to be genuinely concerned that 65 years after Independence, some 600 million Indians in the 21st century continue to use open skies as their latrines. While Lee Kuan Yew continues to exhort Singaporeans to have cleaner loos, our ministry of railways thinks depositing human excreta all along the country's length and breadth, including deep into the cities -...
More »Govt earmarks income bar for LIG -Mahendra Kumar Singh
-The Times of India Families living in cities and towns with annual income of up to Rs 1 lakh or monthly earning of up to Rs 8,334 will fall in the category of economically weaker section (EWS), according to new criteria formulated by the housing and urban poverty alleviation ministry. Households having income between Rs 1 lakh and Rs 2 lakh or monthly earning of up to Rs 16,667 will be classified...
More »All Kisan Credit Cards To Be Converted to ATM Cards: PC
-Outlook State-owned banks have been asked to strictly adhere to the March, 2014 time-line for converting all Kisan Credit Cards (KCCs) to ATM cards, Finance Minister P Chidambaram today said. "All KCCs will be converted to ATM cards. I have impressed upon all chairpersons of the banks that this time-line must be strictly adhered to," Chidambaram said following a meeting with the chief executives of state-run banks. State-owned lenders were asked to convert...
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