-PTI The surge comes as a surprise given India’s continuing clampdown on suspected black Money stashed abroad. Zurich/ New Delhi: Money parked by Indians in Swiss banks rose over 50% to Swiss Francs (CHF) 1.01 billion (?7,000 crore) in 2017, reversing a three-year downward trend amid India’s clampdown on suspected black Money stashed there. In comparison, the total funds held by all foreign clients of Swiss banks rose about 3% to CHF1.46 trillion...
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Fresh farm crisis brews in Maharashtra as banks tighten purse strings -Abhiram Ghadyalpatil
-Livemint.com Banks in Maharashtra have issued only 22% of the kharif season lending target of Rs43,342 crore till 27 June, said an official at the state department of cooperation Mumbai: Farm discontent is raising its head in Maharashtra yet again as banks remain tight-fisted on crop loans at the beginning of the sowing season, cancelling out the benefits of last year’s mega loan waiver. Banks in Maharashtra have issued only 22% of the...
More »Heads of 11-PSBs to appear before the Standing Committee on Finance on Tuesday
-PTI New Delhi: Heads of 11-state owned banks will apprise a parliamentary committee about the problems of mounting bad loans and increasing fraud cases on Tuesday, sources said. They will be appearing before the Standing Committee on Finance, headed by veteran Congress leader M Veerappa Moily, which is looking into ‘Banking Sector in India- Issues, Challenges and the Way Forward, including Non- Performing Assets/ Stressed Assets in Banks/Financial Institutions’. Top officials of IDBI...
More »In Chhattisgarh, a Piece of Paper Is Coming in the Way of a Vulnerable Tribe's Rights -Ambika Kapoor and Vipul Paikra
-TheWire.in Incorrectly listed as 'Korwas' instead of 'Pahari Korwas' on caste certificates, members of the Particularly Vulnerable Tribal Group continue to face roadblocks to schemes, subsidised healthcare and government jobs. Surguja (Chattisgarh): Sanak Sai, a nine-year-old Pahari Korwa from Chhattisgarh’s Govindpur village, met with an accident on May 28 while riding a bicycle. Suffering from a fractured jaw and a few broken teeth, he was referred to the district hospital for a...
More »3 months after selling chana, farmers yet to get dues -Ramu Bhagwat
-The Times of India NAGPUR: As apprehended, the already distressed Vidarbha farmers are facing a severe cash crunch because of government apathy on three fronts. First, payments for tur and chana procured at MSP have been delayed. Then roll-out of loan waiver has been total mess and could not be completed a year after its announcement. Now, nationalized banks are reluctant to provide crop loans. With rains having arrived, farmers are running...
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