-PTI/ ThePrint.in Assets of Gangakhed Sugar & Energy Limited and Yogeswari Hatcheries and Gangakhed Solar Power Limited were provisionally attached under PMLA. New Delhi: Properties worth Rs 255 crore have been attached in connection with a money laundering probe linked to a case of alleged agricultural Loan fraud and duping of farmers in Maharashtra, the Enforcement Directorate said on Wednesday. “Assets worth Rs 255 crore of Gangakhed Sugar & Energy Limited (GSEL), Yogeswari...
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SBI, PNB, ICICI, HDFC among 8 top banks witnessing wilful defaults surge -Shayan Ghosh
-Livemint.com * SBI saw total wilful defaults rise by around ₹14,000 crore in the six months to September to ₹58,475 crore *ICICI Bank is the only outlier when seen on a standalone basis, with wilful defaults falling 0.2% Eight of India’s biggest banks have seen a significant jump in wilful defaults in the six months to September, with such Loans rising by over ₹37,000 crore to ₹1.5 trillion, shows data on suit-filed accounts...
More »EMI crisis creeping up on borrowers -Shayan Ghosh
-Livemint.com * The spike in auto-debit failures suggest that the pain may have only just begun for India’s small borrowers * With mandatory EMI repayments kicking in since September, many feel the available recast options and a waiver of compound interest are not sufficient. India may be staring at a Loan crisis MUMBAI: For someone who had never defaulted on any Loans before March this year, Monica Keerthi Karri gets quite harried at...
More »Condemning the new farm laws, Vikalp Sangam urges the government to help the country move towards a more sustainable, regenerative and diverse agricultural system
-Press release by Vikalp Sangam (vikalpsangam.org), dated 5th December, 2020 Vikalp Sangam (vikalpsangam.org) -- a conglomeration of 60+ active CSOs and members -- in its press release dated 5th December, 2020 has stated that the newly enacted farm laws of the Centre will lead to further land alienation (landlessness) and destitution of the peasantry because the laws permit, in thinly disguised form, the unsparing loot by the lobby of agri-businesses and...
More »Women farmers worst hit by anti-farmer laws: National Women’s Organisations
-SabrangIndia.in The group of leading womens’ organisations write open letter to PM Modi; will soon hold nationwide protests against the “ruthlessness exhibited by the Union government” National women’s organisations have written an open letter to Prime Minister Narendra Modi demanding that the government stop repressing the farmers’ legitimate and peaceful protests immediately. They have asked that all cases imposed on the struggling farmers and leaders of the farmers’ organisations be withdrawn and...
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