Central bank sold its majority stake in Oct 2010; change will ensure entire equity is held by the govt The government will amend a law governing the National Bank for Agriculture and Rural Development (Nabard) to allow the Reserve Bank of India (RBI) to sell its 1% stake in the development lender. The central bank sold its majority stake in the lender to the government in October 2010. The government owns 99%...
More »SEARCH RESULT
Total Matching Records found : 1598
Vidarbha farmer in suicide note: Don't vote for Congress, NCP
-PTI The suicide of a farmer in Vidarbha's Yavatmal district has put the Maharashtra government in a spot, as in his suicide note, he asked people not to vote forCongress and NCP, the ruling alliance partners in the state, as they don't "care" for farmers. "Don't vote for the Congress and NCP; they don't care for farmers," 45-year-old Gajanan Ghotekar wrote in the suicide note before consuming pesticide last week at village...
More »Microfinance institutions escape charge of abetting suicide of clients-M Suchitra
In 2010, Andhra Pradesh witnessed a series of suicides. These were not cases of farmers' suicides—a regular occurrence in the state which continues to be in the grip of an agrarian crisis. The victims in these cases happened to be the poorest of the poor; most of them illiterate dalits and adivasis. The first information reports (FIRs) of the police reveal that most of the suicides were due to coercive...
More »Starving in India: A Fight for Life in Bihar-Ashwin Parulkar
BANWARA, India – In the fall of 2006, Gita Devi was pregnant with her sixth child when her family fell on hard times. A severe drought made it more difficult than ever to find farm work here in India’s northeastern plains. The family couldn’t afford food. It was unable to get a government ration card to buy grains and rice at steep discounts, even though it clearly was poor enough to...
More »Banks asked to roll out new Farm Loan products-Dinesh Unnikrishnan
The finance ministry has asked public sector banks to devise products for Indian farmers to ensure they get adequate funding in emergencies. The government, the majority owner of such banks, wants them to roll out products such as emergency loans to farmers that will be linked to savings accounts, a weather index-based insurance product, and set up a credit guarantee fund that will aid farmers in the event of crop losses...
More »
