-RuralIndiaOnline.org The government’s ‘package’ responding to the crisis is a blend of callousness and cluelessness With his first speech on the coronavirus, Prime Minister Narendra Modi got us to scare evil spirits away by having people bang the hell out of their pots and pans. With his second, he scared the hell out of all of us. With not a word on how the public, particularly the poor, are to access food and other...
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Borrowers to be charged interest for 3-month moratorium period: RBI
-The Hindu RBI told banks that they could shift the repayment schedule for loans and the residual tenor across the board by three months after the moratorium period. Banks which give borrowers a three-month moratorium on repayment of loans will continue to charge interest on the outstanding portion of the loans during this window period, the Reserve Bank of India clarified on Friday evening. The 3-month moratorium on repayment of loans - including...
More »Coronavirus: Delhi’s violence-hit areas become even more vulnerable after doctor tests positive -Ipsita Chakravarty
-Scroll.in Even the Delhi government’s compensation programme has been held up by the lockdown. Till a month ago, Haroon Ali had a home, work as a part-time driver and an additional source of income from supplying stationery to shops. Then the riots stormed through North East Delhi, uprooting hundreds. Ali and his wife, as their home and belongings in Shiv Vihar were destroyed by mobs. The family sought shelter in a relief...
More »As mandis get shut, here are five ways the government can help farmers cope -Rajalakshmi Nirmal
-The Hindu Business Line Encouraging farmers to hedge through futures and increased use of WDRA warehouses are among key options With the nationwide lockdown to control the spread of Covid-19, mandis where farmers sell their harvest have also been closed. Across the country, the harvest of several crops including wheat, mustard, chana and coriander has started and farmers are sitting on truckloads of grains and pulses. In the kharif season, many farmers lost...
More »Nirmala Sitharaman announces Rs. 1.70 lakh crore package for poor
-The Hindu Finance Minister Nirmala Sitharaman on Thursday announced a Rs. 1.70 lakh crore package which is likely to benefit 80 crore people. In her second media conference in a week, Ms. Sitharaman announced a slew of welfare decisions as the nation is under lockdown Due to COVID-19 pandemic. Here are the highlights from her speech: * The Finance Minister announced ₹1.70 lakh crore package Pradhan Mantri Gareeb Kalyan Yojana, targetting 80 crore people. *...
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