-DNA When it comes to farmers, the government has precious little to offer The monsoon season is over. With 14 per cent shortfall in the amount of rains, and with nearly 39 per cent of the cropped area in the country hit by a crippling drought, I was expecting the Reserve Bank of India governor Raghuram Rajan to announce a series of monetary benefits and exemptions in credit repayments for farmers....
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Collateral-free loans offer hope to women -Sidhartha K
-The Times of India NEW DELHI: Until recently, Rajni, who lives in Tilak Nagar in west Delhi, used to work in a boutique. Now, she has decided to have her own setup, for which she has borrowed Rs 50,000 from Punjab National Bank. "I haven't decided whether I will take up a place or do it from home," she said. In Bawana, on the outskirts of Delhi, Kamla has taken a loan from...
More »Caught in a vicious cycle of bonded labour -Bageshree S
-The Hindu Though outlawed in 1976, bonded labour lives and thrives in the State, as highlighted by the Sivaji Ganesan committee. However, the State continues to maintain an Ostrich-like attitude, failing to conduct periodic surveys and implement rehabilitation programmes The State of Karnataka in 2000 woke up to news about a certain medieval-era brutality being committed on bonded labourers, when the Karnataka Rajya Raitha Sangha unearthed the case of five labourers being...
More »50 days more of MGNREGS work for the drought-hit
-The Hindu The Union Cabinet gave ex post facto approval on Wednesday to provide an additional 50 days of work to Mahatma Gandhi National Rural Employment Guarantee Scheme beneficiaries during the current financial year wherever drought or natural calamities have been notified. The scheme guarantees 100 days of work. The decision will enable the States to provide additional wage employment to the rural poor in drought-affected areas, the release said. “The poorest...
More »Banking is a child’s play for these slum kids in Ranchi -Saumya Mishra
-Hindustan Times Ranchi: Bankers come in pint size at an urban slum in Ranchi. And they run a bank for the children, by the children and of the children. Ten-year-old Nisha Kumari has an account in the bank — Children’s Development Khazana (CDK)—which opened in 2014. And her small pleasures of childhood is not held hostage to the priorities of her poor family. “During Durga Puja last year, a few relatives had visited...
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