-Down to Earth Reserve Bank of India refuses to bail out three district cooperative banks Kharif sowing season is close at hand, but around 100,000 farmers of Nagpur, Wardha and Buldhana districts in Maharashtra are unlikely to get agricultural loan or hailstorm relief from the District Central Cooperative Banks (DCCBs) because the Reserve Bank of India (RBI) has rejected banking applications of these banks. Worse, fixed deposits worth Rs 1,716 crore belonging...
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A detailed map for financial inclusion-CRL Narasimhan
-The Hindu The report of the Reserve Bank of India (RBI)-appointed Committee on Comprehensive Financial Services for Small Business and Low Income Households has been placed on the central bank's website for comments. Considering the voluminous nature of the report and even more pertinently its complex and, detailed treatment of the subject, the deadline for receiving comments, now set at January 24, would, in all probability, need to be extended. The report packs...
More »A new paradigm for inclusion
-The Hindu The report of an RBI-appointed committee on financial inclusion and financial deepening has stimulated a wide-ranging debate on these crucial areas. However, policy measures initiated by the government and the RBI while adding to the numbers of new bank branches, new accounts and so on did not really enhance the quality of such inclusive practices. In September last year, the RBI asked the committee chaired by Nachiket Mor...
More »Dr. Felix Padel, Anthropologist interviewed by Survival International
-Survival International Anthropologist Dr. Felix Padel works with the tribes of Odisha in eastern India, including the Dongria Kondh, for whom Survival International has campaigned for 10 years. Felix is the great great grandson of Charles Darwin and lives in a remote village in Odisha. In this interview, he talks to Survival about the Dongria Kondh's relationship to their mountains, their heroic struggle against Vedanta, Darwin's evolution theory and the experience...
More »Where do Indians defecate? -Richard Mahapatra
-Down to Earth Half of India's population defecates in the open. In all probability, they will continue to do so for the next 10 years By the time you read this article, some 600 million Indians must have taken that first call of nature. But for most, it must have been very unusual: to take that hesitant and humiliating step out of their homes to defecate in the open. Everyday, an...
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