-The Hindu Thiruvananthapuram (Kerala): The government is considering a proposal to exempt stamp duty on agricultural loans issued by commercial banks. Finance Minister K.M. Mani told a meeting of the State Level Bankers Committee (SLBC) here on Monday that a decision on the issue would be taken soon after assessing the financial implications. Pointing to the substantial share of commercial banks in primary sector credit, the last meeting of the SLBC had...
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Clarity on loan waivers
-The Asian Age Reserve Bank deputy governor K.C. Chakraborty has finally set the record straight on what is well known in left-wing development circles: that Corporate India's loans waived by banks are more (over Rs. 1 lakh crore in the past 13 years) than farm loans to the tune of Rs. 60,000 crores written off under the Debt Waiver and Debt Relief Scheme. More revealing is that medium and large units have...
More »WB Oppn Seeks Rs 5.5 Lakh Cr From Finance Commission
-Outlook Kolkata: The Opposition Left Front in West Bengal today demanded Rs 5,50,000 crore for the state during 2015-2020 period, which is more than double of what the ruling Trinamool Congress government had demanded from the 14th Finance Commission. "We from the Left Front had met the 14th Finance Commission and the meeting was fruitful. We had demanded about Rs 5,50,000 crore for the state," former state finance minister Asim Dasgupta said...
More »Sonia rolls out food security scheme, Congress blames Modi for delaying bill
-PTI NEW DELHI: Congress president Sonia Gandhi on Tuesday rolled out the ambitious and "game-changer" food security scheme in Delhi, Haryana and Uttarakhand after party leaders attacked Narendra Modi and the opposition for the delay in passage of the bill in Parliament. Unveiling the scheme by handing over food grain packets and Aadhar-based smart cards to 12 women beneficiaries in the capital, she lauded the UPA government for bringing "revolutionary changes" in...
More »Stuck record: Why Amartya Sen is wrong on food security again -R Jagannathan
-Firstpost.com It is becoming increasingly difficult to retain respect for Nobel laureate Amartya Sen. He seems to surface in the media every time the UPA government is about to legislate its pet follies, providing intellectual succour to mindless spending and corruption wrapped up in the package of anti-poverty schemes. Yesterday, Sen bobbed up just when the UPA - under siege for every known scam in India - tried to start discussions on...
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