-The Hindu Farmers’ protests interrogate the reigning development model. Alternatives do exist The recent spate of peasant protests across wide swathes of the country points sharply to the unjust folly and sheer unviability of the path of development that India has embraced, especially in the reform era since the late 1980s. Even, say, a modest food critic in metropolitan India collects an immodest annual pay package which can easily go into seven figures....
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Central Vigilance Commission wants to keep an eye on private banks -Vikas Dhoot
-The Hindu Asks PMO to frame law for it The Central Vigilance Commission (CVC) has urged the Prime Minister’s Office to bring private sector banks under its watch, citing the fact that they have been involved in many recent instances of malfeasance. Vigilance officers in all State-owned public sector banks are required to report irregularities and possible wrongdoing to the CVC, India’s apex body for checking corruption in the government. Private sector banks...
More »Corporates make 73% of public sector bank bad loans -Sunny Verma
-The Indian Express The Finance Ministry directed smaller PSBs to cut their corporate loan exposure to 25 per cent of their risk-weighted assets over the medium term and focus more on retail lending. Corporate loans corner the lion’s share of rising bad loans in public sector banks while retail loans have a far superior track record when it comes to timely repayment, according to the latest available Reserve Bank of India...
More »Farmer debts: Relief, the Kerala way -Shriya Mohan
-The Hindu Business Line Eleven years since its inception, the State’s farmer’s debt relief commission has quietly eased the burden of debt on poor farmers, and grown to be a model worth emulating Earlier this week 35,000 debt-ridden farmers coursed through Maharashtra, walking 180 km on blistered soles, to converge at Mumbai’s Azad Maidan demanding freedom from debt and fair compensation for their produce. As the government scrounged for solutions, it could’ve...
More »Fadnavis under pressure as 50,000 farmers, tribals march towards Mumbai -Rahul Wadke
-The Hindu Business Line Seek complete loan waiver and implementation of Forest Rights Act, among other demands Mumbai: Over 50,000 farmers and tribals associated with All Indian Kisan Sabha (AIKS) of the CPI (M) are likely to reach Mumbai on Monday for participating in a rally against the Fadnavis Government. Complete loan waiver for the farmers and implementation of the Forest Rights Act are some of the important demands of the agitators. The...
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