-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...
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'Self Help Groups need bank loans to survive'
-The Times of India HAZARIBAG: Bikram Kumar Das, deputy general manager, Nabard in Ranchi said unless banks provide loans to women self help groups formed in 18 of the 24 districts in the state, the purpose to make them self reliant will be defeated. Speaking at a press conference on Sunday, he said despite Nabard providing funds through NGOs, banks are not sanctioning loans to the self help groups. Although these women's...
More »West Bengal's savings scheme for poor gets RBI nod -Atmadip Ray
-The Economic Times KOLKATA: West Bengal chief minister Mamata Banerjee's plan to start a savings scheme with the aim of protecting the poor from losing their money to deposit schemes that promise high returns will be going ahead with the Reserve Bank of India having cleared the participation of state-run banks in the programme. The state government is to launch the plan on November 6. State-run West Bengal Infrastructure Development Finance Corporation...
More »WPI, CPI divergence seen in food inflation-Partha Sinha
-The Times of India Mumbai/DELHI: Has the government's statistical office erred with data collection relating to food prices, either by chance or design, for calculating the two inflation indices, Consumer Price Index (CPI) and Wholesale Price Index (WPI) for August? Else how can someone explain the fact that while food prices as shown in WPI for August exhibit a higher rate of inflation now than a year ago, food inflation as measured...
More »File online RTI pleas for all central government departments from Wednesday
-PTI New Delhi: Citizens will be able to file Right to Information (RTI) applications online from tomorrow in all central government ministries and departments in the national capital. Minister of State for Personnel, Public Grievances and Pensions V Narayanasamy will launch the portal - www.rtionline.gov.in - at a function in New Delhi on Wednesday. Moving further towards greater transparency in governance, the government has started as a pilot project the facility of filing...
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