-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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Have proof of graft in farm debt waiver scam: Anna
-The Hindustan Times The Gandhian crusader, Anna Hazare on Sunday claimed that he has sufficient proof of alleged corruption and irregularities committed in the “farmers’ loan waiver scheme” of the Centre, which was brought to light by the CAG report recently. Hazare, who was in Nagpur on a two-day tour in eastern Vidarbha said, “If the government is interested in going through the proofs, I am willing to hand over to them.” The...
More »Budgeting out adivasis: Finance minister's package falls far too short of basic needs of tribals -Brinda Karat
-The Times of India It is budget time once again. Far away from the talk of lakhs and crores of rupees echoing from Parliament to television studios, a thin adivasi teenage girl stands in a queue at her hostel, her plate in her hand, waiting for her share of the gruel that she is given for lunch every day. Her family depends on the money from the minor forest produce her...
More »CAG report on mining submitted to Chhattisgarh government-Suvojit Bagchi
-The Hindu Raipur: The Comptroller and Auditor-General (CAG) has completed the process of handing over four audit reports to the Chhattisgarh government. The first report was submitted on March 5 and the last on Monday, said a press release from the office of the Accountant-General (Audit) here. The CAG’s report on commercial mining of coal blocks in Chhattisgarh last year indicated that the former BJP president, Nitin Gadkari’s close aide, Ajay Sancheti, had...
More »Like flowers and chocolates-Sonalde Desai
-The Indian Express Setting up women-only banks overlooks the reasons for their exclusion The women-only bank mentioned in the finance minister's budget speech is like flowers and chocolates — a sweet thought but just as unsubstantial. Financial exclusion of women is a real problem. It deserves far greater effort than sops like a women-only bank. Such a bank also runs counter to the logic of mainstreaming, rather than ghettoising, gender issues. It is...
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