-Live Mint Subsidized loans given to farmers through KCCs could very well be the next big source of NPAs for banks Mumbai: A surge in exposure to farm debt through Kisan Credit Cards (KCCs) could emerge as a risk for India's state-run banks, according to experts. Subsidized loans are given to farmers through KCCs by state-owned banks. Until March 2012, the outstanding amount on such loans was`1.6 trillion through 20.3 million cards, as...
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Ajay Maken ticks off Chavan, tells him to stop slum demolition
-The Hindu Mumbai: Union Minister for Housing and Urban Poverty Alleviation Ajay Maken on Tuesday wrote to Maharashtra Chief Minister Prithviraj Chavan, asking him to stop demolition of the houses of slum dwellers, after a delegation of the National Alliance of People's Movements headed by Medha Patkar met him in New Delhi. He asked Mr. Chavan to see that the Rajiv Awas Yojana (RAY) was implemented with much more enthusiasm and in...
More »Excluding unaided minority schools from RTE quota unfair, says forum -Puja Pednekar
-The Hindustan Times Angry that unaided minority schools have been exempt from the Right to Education (RTE) Act, the Forum for Fairness in Education (FFIE) plans to file a public interest litigation (PIL) in the Bombay high court. FFIE is challenging a notification exempting schools from reserving seats for children from economically weak families. The latest RTE notification, uploaded on a government website on March 20, said unaided minority schools will not...
More »Amnesty writes to BBMP over Ejipura evictions
-The Hindu Bangalore: In an open letter to the Bruhat Bangalore Mahanagara Palike Commissioner, Amnesty International India has demanded that the BBMP ensure that those affected by its forced eviction of around 1,200 families from the Economically Weaker Section Quarters in Ejipura are immediately provided with essential medical services, drinking water, access to sanitation and basic housing, “in line with international human rights standards”. Amnesty International said that it is particularly worried...
More »Private banks reluctant about rural lending -Dinesh Unnikrishnan
-Live Mint Experts say private banks achieve lending obligations by buying out loans from non-banking entities Most private banks in India have not been able to meet the needs of farmers although they are expanding their rural and semi-urban branch network. This is why the Reserve Bank of India (RBI) is insisting that at least one-fourth of the branches of the new banks that will be given a licence must be located...
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