Mint India’s rural borrowers and small businesses owners may have easier Access to credit with public sector banks (PSBs) planning to increase financing to these segments, after the Union finance ministry urged lenders to improve their credit-deposit ratio. The C-D ration indicates how much of a banks' deposit base is being utilized for extending loans. The development may help expedite the revival of the rural economy, which is struggling to reach pre-covid...
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Indian banks gave more home loans than agricultural credit
In each of the last three years – from 2020 through 2022 – Indian banks lent more money to retail customers purchasing homes than they did to farmers. In fiscal year (FY)2021-22 commercial banks gaveRs. 17.54 lakh crore worth of housing loans, while agriculture and allied activities got Rs. 15.16 lakh crore. That is nearly 14 percent less. In FY 2021 and FY 2020 – one of which saw a...
More »Could India’s new data protection bill force journalists to reveal their sources? -Aditi Agarwal
-Newslaundry The Government of India has removed exemptions for journalistic work from data protection obligations in the fourth iteration of the Digital Personal Data Protection Bill 2022. If this iteration is passed as law a story containing personal data may result in journalists having to prove to a data protection board that their story was in the public interest, Newslaundry reported. The three previous versions - in 2018, 2019 and 2021...
More »Teacher shortage in Jharkhand schools, most pupils have forgotten how to read and write, post-Covid survey shows
Jharkhand's government schools have a massive teacher shortage, a survey by Gyan Vigyan Samiti Jharkhand has found. The survey was conducted in 138 primary and upper primary schools between September and October 2022 to assess their condition after the Covid-19 pandemic. Jharkhand's school system was shut for two years, among the longest in the world. Teachers told the surveyors they felt that most students had forgotten how to read and...
More »Need to make agri credit system equitable -Bishwa Bhaskar Choudhary
-The Tribune The agency-wise share indicates that agricultural credit dispensation in the country is heavily dependent on commercial banks and points towards the poor credit delivery capability of cooperative banks and regional rural banks. THE availability of finance is a key driver of progress in any sector. In the case of agriculture, access to adequate credit assumes vital significance since most of the agriculturists are small or marginal farmers. It has been...
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