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Government unveils norms for farm loan waiver scheme

-The Hindu Cooperative societies will get the amount in a phased manner Chennai: Pursuant to the announcement made by Chief Minister Jayalalithaa on the waiver of agricultural loans availed by small and micro farmers from cooperative banks, the State government has issued specific guidelines to be followed while implementing the waiver. According to the Registrar of Cooperative Societies (RCS), the scheme would be applicable to entire outstanding principal, interest, penal interest and all...

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One year of housing for all: At this pace, it’s indeed a dream by 2022 -Shalini Nair

-The Indian Express Housing activists say that a heavy reliance on private sector is the prime reason for poor pace of implementation of the PMAY New Delhi: A year after Prime Minister Narendra Modi launched the Pradhan Mantri Awas Yojana (PMAY) with the stated purpose of constructing two crore houses for the urban poor by 2022—at the rate of 30 lakh houses per year— merely 1,623 houses have been constructed so far. The...

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Parched Land. Farmer Suicides. Forced Migration: Drought Is Crippling Rural India -Vivek Singh

-HuffingtonPost.com In Bundelkhand, people struggle for every drop of water they can find. TIKAMGARH DISTRICT: For years, Lakshman Pal, 28, planted wheat and tended to his small field here. Each season, he hoped for rain. He looked up at the sky and waited for the showers that normally came. But for the past two years, they’ve hardly come at all. His crops eventually withered and died, crumbling to dust. In early May, Pal...

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Why Rains Do Not End Drought And What The Government Needs To Do Urgently -Betwa Sharma

-Huffington Post NEW DELHI: It is still not certain whether the monsoons will be as "good" this year as early forecasts suggest, but at least the rains are here and are making their way across India, bringing long-awaited and direly needed succor to millions in 13 drought-ravaged states. It comes as a massive relief that people in the worst-hit areas will have water to drink and so will their animals who...

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Builders may have to pay 11% interest on delayed projects -Prabhakar Sinha

-The Times of India NEW DELHI: Developers may have to pay 11.2 per cent interest to buyers for delay in handing over apartments and homes, according to draft rules unveiled by the government, a step seen as bringing relief to homebuyers reeling under the impact of delayed projects and mounting loan liabilities. The rules also say projects without a completion certificate will have to register with the Real Estate Regulatory Authority, to...

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