-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 »SEARCH RESULT
Total Matching Records found : 1173
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...
More »15 lakh houses to be built in Karnataka
-The Hindu ‘Houses will also be built for slum-dwellers in Mandya' Mandya (Karnataka): The State government has decided to construct 15 lakh houses under various schemes at a cost of Rs. 20,000 crore, Housing Minister and Mandya district in charge M.H. Ambareesh said. He was speaking after inaugurating the godown of the Primary Agricultural Cooperative Credit Society (PACCS) at Thimmana Hosuru in the taluk on Tuesday. Mr. Ambareesh said the department would also construct...
More »Government expects bumper crop this year on good monsoon
-PTI NEW DELHI: India is expected to harvest bumper crop this year based on estimates of higher food grains production in Kharif (summer sown) and hopes of better Rabi (winter) crop with enough water in reservoirs, Finance Minister P Chidambaram said today. He also said that the agriculture credit has grown by 12.1 per cent during April-August period of this fiscal. "On agriculture, we estimate this would be a very good year. The...
More »With the PDS gambit, Raman Singh hopes to checkmate Congress-Gargi Parsai
-The Hindu BJP Chief Minister Raman Singh is the face of the reformed public distribution system in Chhattisgarh and indeed, he is still banking on it for a third consecutive term despite the anti-incumbency factor against several MLAs and a few ministers in his council. In his recent vikas yatra, he showcased development and focussed on the path-breaking Public Distribution System (PDS) reforms that were dovetailed into the Chhattisgarh Food Security Act...
More »
