-TheWire.in Congress and AAP aim to write off farm loans if they come to power in Punjab. But such measures will only be useful only if accompanied by policy reforms like a sustainable farming system and assured monthly income for farmers. Nirmal Singh, the leader of the Bhartiya Kisan Union (Ekta) from Sangrur district in Punjab, committed suicide last week. He was among the few farmer leaders who campaigned against the emerging...
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Make default list public: SC
-The Telegraph/ PTI New Delhi: The Supreme Court today asked the Centre and the RBI to disclose the names of borrowers who had each defaulted on public-sector bank loans of Rs 500 crore and above but the apex bank raised objections. The top court, after going through the defaulters' list submitted by the RBI in a sealed cover on March 29, said 57 people had defaulted on loans worth Rs 85,000 crore...
More »Missing stock is harming our food security
-Livemint.com Spoilage and pilferage are not something the country can afford given its low ranking in the hunger index The Reserve Bank of India (RBI) recently approved a proposal to restructure around Rs30,000 crore of food credit given to Punjab state agencies, allowing for the conversion of cash credit into a 20-year loan at a lower interest rate. The central bank also sanctioned a cash credit limit of Rs26,000 crore for this...
More »Likely soon: NGOs? FCRA data for govt?s ready perusal -Bharti Jain
-The Times of India NEW DELHI: The government may soon require all NGOs registered or granted prior permission to receive foreign funds under the Foreign Contribution (Regulation) Act, 2010, to allow the Centre to access details of their FCRA accounts in real time. According to amendments proposed by the Union home ministry to the Foreign Contribution (Regulation) Rules (FCRR), 2011, the NGOs may give the consent in writing at the time of...
More »Agriculture loans a far cry for tenant farmers in Andhra -Jayanth P
-The Times of India VIJAYAWADA: The farm credit disbursal system in the state remains crippled for a long time now as a majority of tenant farmers, who constitute about 80 per cent of the cultivators in the state, are unable to avail of the loan facility. Experts say the latest recommendations by the bankers' sub-committees also do not reflect the reality. In fact, they fear the recommendations will only aggravate the...
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