-The Times of India A year ago, Vijayalakshmi decided to risk her decade-old corporate lifestyle to launch Design-Dreams, a web design venture, using her own funds. The BITS Pilani post-graduate may have successfully made the leap to an entrepreneur, but expects the climb ahead to be steep. "When you walk into a networking seminar, you can count the number of women on your fingers. One feels secluded and interactions are difficult,"...
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Hailstorms hit Maharashtra yet again -Aparna Pallavi
-Down to Earth Several thousand hectares of crops stand destroyed Even as a team of experts gears up to study the situation of droughts in Maharashtra, heavy unseasonal rains and hailstorms have damaged an estimated 88,000 hectares of standing crops and orchards in the last few days. Nashik, Jalgaon, Dhule, Nandurbar and Sangli are the worst-affected districts. In Nashik, 38,000 hectares of grape crops have been completely damaged. Subhash Arve, vice president of...
More »'Robbed' of loan waiver, Tulluru farmers wary of land pooling
-The Times of India VIJAYAWADA: Farmers in the proposed Andhra Pradesh capital region are putting up a strong resistance to the AP government's plans of land pooling as many of them were recently declared ineligible for farm loan waiver. According to the initial lists of beneficiaries circulated in local banks, a majority of farmers in the region were declared ineligible for loan waiver thanks to new restrictions imposed by the government. For...
More »Right to life overrides right to do business, Supreme Court rules -Dhananjay Mahapatra
-The Times of India NEW DELHI: Right to life outweighed right to do business with the Supreme Court on Monday rejecting State Bank of India's petition challenging an Allahabad high court order directing sugar mills in Uttar Pradesh to sell the sugar stock hypothecated to SBI against loans to pay sugarcane farmers' dues. Sugar mills had taken loans totaling Rs 3,000 crore from SBI by hypothecating their sugar stock. Under law, the...
More »Banks Finally Give ‘Debt Relief’ to AP Government
-The New Indian Express HYDERABAD: In a much-awaited relief to the cash-starved Andhra Pradesh government, the State Level Bankers' Committee (SLBC) on Tuesday reportedly agreed to accept its offer of upfront payment of 20 per cent outstanding crop loans of eligible farmers. The SLBC has constituted a sub-committee to look into proposals made by the Andhra Pradesh government on the modalities of crop loan waiver scheme and after a thorough discussion, finally...
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