-Outlook The government has transferred Rs 2,000 crore into 6.6 crore accounts as LPG subsidy till December 2013 under the Direct Benefit Transfer (DBT) scheme. "The Direct benefit transfers under LPG have crossed a sum of Rs 2,000 crore till December 2013. More than six crore consumers are now availing DBT for LPG in 184 districts across the country," said a UPA government report card released today by Prime Minister Manmohan Singh. The...
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Kerala govt mulling waiver of stamp duty for farm loans
-The Hindu Thiruvananthapuram (Kerala): The government is considering a proposal to exempt stamp duty on agricultural loans issued by commercial banks. Finance Minister K.M. Mani told a meeting of the State Level Bankers Committee (SLBC) here on Monday that a decision on the issue would be taken soon after assessing the financial implications. Pointing to the substantial share of commercial banks in primary sector credit, the last meeting of the SLBC had...
More »Banking on women
-The Hindu To the long list of 28 public sector banks in India, one more was added with the inauguration of the Bharatiya Mahila Bank (BMB) on Tuesday by Prime Minister Manmohan Singh. The bank is unique in more ways than one. It will focus predominantly on women, apart from being staffed largely by them. To the BMB will go the distinction of being the first-ever public sector bank to...
More »Where do Indians defecate? -Richard Mahapatra
-Down to Earth Half of India's population defecates in the open. In all probability, they will continue to do so for the next 10 years By the time you read this article, some 600 million Indians must have taken that first call of nature. But for most, it must have been very unusual: to take that hesitant and humiliating step out of their homes to defecate in the open. Everyday, an...
More »Inflation eroding savings of Indians living in metros: Survey
-PTI Soaring inflation, high fuel cost, rising cost of education and health insurance premiums have eroded the real incomes of middle-class Indian families, with household savings rates dropping by a staggering 40 per cent in the last three years, says an Assocham survey. "Poor households are unable to maintain the consumption levels at current prices while middle income families find their purchasing power erode fast, thus having far less surplus money," Assocham...
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