-The Business Standard Say waiver will vitiate the loan recovery environment Bankers have requested the Union finance ministry to convince the Andhra Pradesh government to drop its proposed farm loan waiver scheme, at a time when a rise in Loans turning bad is eroding the profitability of lenders, especially state-run ones. Telugu Desam Party chief Chandrababu Naidu, who is to take the oath of office as chief minister of Andhra Pradesh on Monday,...
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Cloud burst pushes farmers back to square one-Giji K Raman
-The Hindu MARAYUR (IDUKKI, Kerala): Raja is a traditional farmer in Kanthallur village who makes a living out of vegetable cultivation in his three-acre land. Disaster struck him on Monday in the form of cloud burst. Seeds of cabbage, carrot, garlic and beans were washed away and the land on which he and his wife toiled to sow the seeds after the summer rain was turned in a slush of accumulated garbage. Raja...
More »New mission to replace JNNURM
-The Hindu Government plans to initiate 100 smart cities It's curtains for the UPA government's flagship programme, the Jawaharlal Nehru National Urban Renewal Mission (JNNURM). The new Union Urban Development and Housing and Urban Poverty Alleviation Minister (HUPA), M. Venkaiah Naidu, who assumed office on Wednesday, said a new mission would be launched soon in place of JNNURM. The new mission would focus on the modern concept for cities based on GIS-based planning...
More »A full plate for Modi-Raghuvir Srinivasan
-The Hindu Narendra Modi has to address not just the current stagnation in manufacturing but also look at ways of stimulating investments in the sector Prime Minister-designate Narendra Modi, it is said, sleeps just six hours a day. Even that could become a luxury as he buckles down to his job and begins the challenging task of turning around the economy. The economic legacy handed down to him by the United Progressive...
More »100,000 Maharashtra farmers may not get loan to sow kharif crop -Aparna Pallavi
-Down to Earth Reserve Bank of India refuses to bail out three district cooperative banks Kharif sowing season is close at hand, but around 100,000 farmers of Nagpur, Wardha and Buldhana districts in Maharashtra are unlikely to get agricultural loan or hailstorm relief from the District Central Cooperative Banks (DCCBs) because the Reserve Bank of India (RBI) has rejected banking applications of these banks. Worse, fixed deposits worth Rs 1,716 crore belonging...
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