The budgetary support to interest subvention scheme has increased by almost 14 times between 2006-07 and 2016-17. However, the much-touted subsidised short-term credit scheme provides little help to the small and marginal farmers, apart from tenant farmers. According to the Committee on Medium-term Path on Financial Inclusion, which submitted its report in December 2015, the interest subvention scheme suffers from 3 types of defects: i. Subsidised credit may not be...
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In FY15, Banks with high NPAs rejected more RTI requests -Surabhi
-The Hindu Business Line IOB, BoB and Canara Bank lead, finds study by Commonwealth Human Rights Initiatives New Delhi: As the Finance Ministry and the central bank try to clean up the balance sheets of troubled public sector lenders, a new study has found that Banks that saw a sharp rise in bad loans in 2014-15 were not very forthcoming with information requests by the public. While noting that there was “no positive...
More »Who stole my broadband? -Thomas K Thomas & Pratim Ranjan Bose
-The Hindu Business Line BusinessLine goes to villages, including those visited in 2014, to understand the progress of the ambitious National Optical Fibre Network. Unused infrastructure and low awareness tell a story of missed links In one corner of the Ramnagar village panchayat office, in Panisagar block of Tripura, is a defunct four-year-old computer. The machine, connected with a 10 mbps broadband line was supposed to bring digital services to this remote...
More »Public sector Banks turned down 30% of RTI pleas last year -Himanshi Dhawan
-The Times of India NEW DELHI: One third of the requests for information filed with public sector Banks were turned down last year. Of the 79,148 applications filed in 2014-2015, 30.5% were rejected. About 24 Banks dealt with 79,148 RTI applications which amounts to 56.4% of the total volume of RTI applications received by the ministry of finance. Incidentally, finance ministry received the highest number of RTIs (1.4 lakh) among all public...
More »Freedom in peril -R Ramakumar
-Frontline The government’s passage of the Aadhaar Bill in complete disregard of even basic parliamentary procedures and in subversion of an ongoing judicial process puts at risk a number of constitutional rights and liberties of citizens. The benefits cited are just ploys to realise a neoliberal dream. “Congressmen are dancing as if [Aadhaar] was a herb for all cures. With the Supreme Court pulling up the Centre, people are now seeking...
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