-The Hindu It allows employers to extend unlimited advances to workers and charge an unspecified interest rate on such Loans Debt bondage is a form of slavery that exists when a worker is induced to accept advances on wages, of a size, or at a level of interest, such that the advance will never be repaid. One of India’s hastily-passed Labour Codes — the Code on Wages, 2019 — gives legal sanction...

-MoneyLife.in While lenders harass individual or small borrowers to the point of even releasing the borrowers’ photos to the press for publishing them, it appears that big corporate defaulters are bestowed with immunity from such humiliation. They are a protected species. In fact, Reserve Bank of India (RBI) even declined to reveal to the Lok Sabha the details of Loans written off of major corporates.    In a written reply, Dr Bhagwat Karad,...

-PTI/ Financial Express As per the directions, the bank shall not, without the prior approval of the RBI, grant or renew any Loans and advances, make any investment, incur any liability, and disburse or agree to disburse any payment. The Reserve Bank of India (RBI) on Friday imposed several restrictions on Laxmi Cooperative Bank Ltd, Solapur, including a Rs 1,000 cap on withdrawals for customers, due to deterioration in its financial position. The...

-TheWire.in The pink bollworm attack has left deaths by suicide in its wake. The authorities, farmers say, are late in even conducting preliminary surveys. Mansa (Punjab)/Fatehabad (Haryana): There is silence in the cotton fields of Punjab and Haryana where farmers are uprooting plants after having sprayed multiple rounds of pesticides in vain. The pink bollworm has ravaged cotton crops in the country’s north, mainly in the districts of Bathinda and Mansa in Punjab...

-RuralIndiaOnline.org It's been hard days for powerloom weavers in the city's Bazardiha cluster – with lockdowns and monsoon flooding. But it’s the UP government’s review of their electricity subsidy that has them the most worried In the narrow lanes of Bazardiha, amid the clacking sounds of powerlooms, Wasim Akram is busy at work. He has been weaving since the age of 14 in the same two-storey brick-cement house – generations old, as...