Members of the Christian Medical College Alumni Association, who have helped to support social activist Binayak Sen's family and his legal battles through private contributions, now propose to open up the fund to donations from the public. The Binayak Sen Support Fund was set up in May 2007 through initial contributions by 10 alumni “to provide assistance, as necessary, for the safety and liberty of Dr. Binayak Sen, and for the...
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Of luxury cars and lowly tractors by P Sainath
Even as the media celebrate the Mercedes Benz deal in the Marathwada region as a sign of “rural resurgence,” the latest data show that 17,368 farmers killed themselves in the year of the “resurgence.” When businessmen from Aurangabad in the backward Marathwada region bought 150 Mercedes Benz luxury cars worth Rs. 65 crore at one go in October, it grabbed media attention. The top public sector bank, State Bank of India,...
More »Hamlet becomes banking smart by Amit Gupta
Farmer Dharamshyam Kujur put the hitherto nondescript village of Doba in Kudu block of Lohardaga district on the banking map of India today as he withdrew Rs 100 from his newly opened account. Watching him create history was Reserve Bank of India (RBI) governor D. Subbarao, who, as part of RBI’s ambitious outreach programme aimed at financial inclusion, inaugurated a smart card-based satellite banking system in the village earlier in the...
More »Banker and pradhan ‘rob’ BPL man
A day labourer has complained to court that a panchayat pradhan in cahoots with a bank manager has thrust a loan of Rs 30,000 on him for which he had never applied, the allegation exposing how beneficiaries of village schemes are left at the mercy of influential rural leaders.Additional chief judicial magistrate Manoj Rai, after criticising the police role in the investigation, asked the Islampur subdivisional officer yesterday to inquire...
More »Bengal sits on student benefits by Basant Kumar Mohanty
The Bengal government could have ensured a monthly scholarship of Rs 500 for nearly 22,000 poor schoolchildren in the state over the past three years, without any damage to its own pocket. Instead, it chose to help just about 3,000 get the scholarship.The National Means-Cum-Merit Scholarship, launched in 2008-09, looks to benefit about one lakh Class IX students every year. The State Bank of India pays the entire sum, which...
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