-Business Standard Marriages on hold, children being returned from schools over unpaid fees; the rural economy is bearing the brunt of unseasonal rains, a crisis in the sugar cane sector and a fall in prices of farm pro Hapur/ Meerut: In the mid-afternoon, when most farmers are returning home to rest, Rana Ranjit Singh is sweating buckets on his farm in Uttar Pradesh's Hapur district, searching for vegetables left undamaged after untimely...
More »SEARCH RESULT
Unused priority sector lending funds to be diverted to MUDRA Bank -Surabhi
-The Indian Express Unused priority sector lending funds of commercial banks will be used to set up the Rs 20,000 crore corpus of the proposed MUDRA Bank. The bank will use at least 65 per cent of its funds for lending to micro enterprises run by members of scheduled castes and tribes. Typically, domestic commercial banks deposit their lending shortfall from priority sector to the Rural Infrastructure Development Fund of the NABARD...
More »Small industry needs a better policy deal -Pradeep S Mehta
-The Hindu Business Line A flexible approach to collateral will improve access to bank funding. Red tapism too is a perennial concern If the Make in India campaign has to be successful and help many in our country, we need to focus on enabling small units to function and contribute. A major problem small and medium units face is that of finance. Banks and financial institutions are always very wary of assisting them...
More »Revisiting rural indebtedness - CP Chandrasekhar
-Frontline The problem in rural India is not one of too much credit to poor households that leads to debt waivers that damage bank balance sheets, but one of inadequate access to credit from formal sources. IF Reserve Bank of India Governor Raghuram Rajan is to be believed, efforts to help Indian farmers by providing them with cheap(er) credit and relieving them of an unsustainable debt burden only harms them in the...
More »Are SEZs Specially Useless Zones? -Pravakar Sahoo
-The Hindu Business Line The CAG report details how these have neither helped industrial development nor boosted the economy Nearly a decade after the Special Economic Zones Act was brought into force, it is evident that the move has not helped industrial development. After examining SEZs in terms of background and objectives, fiscal incentives and facilities, approval process and administration, as well as life cycle, State-wise distribution and overall performance, parts of a...
More »