-The Financial Express NBFCs are at the forefront of financing many of the affected sectors, notably small road transport operators, taxi aggregators, infrastructure contractors, MSMEs, traders etc. After banks wrote to the regulator asking for moratorium on corporate repayments, their non-banking counterparts have sought a three-month moratorium on equated monthly instalment (EMI) payments by their customers as much of the country goes into lockdown mode. Non-banking finance companies (NBFCs) are also asking...
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Structural tailbacks of Indian agriculture and exclusionary PM-KISAN scheme: an analysis -Santosh Verma
-Vikalp.ind.in The NDA government brought a new scheme the Prime Minister Kisan Samman Nidhi (PM-KISAN) that became operational from 1st December 2018. It aimed to provide small and marginal farmers (SMFs) financial assistance to procure various inputs to ‘ensure proper crop health and appropriate yields’. It also aimed to protect these farmers from middlemen and moneylenders. SMFs were defined as the farmer families who collectively own cultivable land upto 2 hectares....
More »After fertilisers, Centre wants food subsidy to directly benefit farmers -Harikishan Sharma & Anju Agnihotri Chaba
-The Indian Express In Odisha, procurement of paddy during the ongoing 2019-20 Kharif Marketing Season (KMS) is, for the first time, being done from registered farmers only after Aadhaar-based biometric authentication. FIRST IT was fertilisers, where the NDA government made disbursal of subsidy conditional upon actual sales to farmers getting registered on PoS (Point of Sale) machines in retail outlets. That reform measure — to ensure that the benefit of minimum support...
More »Debit cards in circulation fall 15% to 2-year low in October
-BusinessToday.in Almost 155 million debit cards reportedly went out of the market due to the migration from magnetic strip debit cards to EMV-based debit cards The number of debit cards in circulation fell 15 per cent on annual basis to 843 million in October as banks moved to migrate to EMV-chip-based cards. The downturn came as the debit cards in India seemed poised to touch the 1-billion mark a year ago, with...
More »RBI's 2018 notification excluded Muslims from Pakistan, Bangladesh to open bank account in India -Manoj Sharma
-BusinessToday.in The notification was first issued in March 2018 after a nod from the Ministry of Home Affairs and the Department of Economic Affairs, following which it was made mandatory for banks to mention the religion of a person from Pakistan and Bangladesh for opening an account in India Even as the protests over the recently passed Citizenship Amendment Act have brought India to a standstill, the Reserve Bank of India (RBI)...
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