-The Times of India NEW DELHI: Until recently, Rajni, who lives in Tilak Nagar in west Delhi, used to work in a boutique. Now, she has decided to have her own setup, for which she has borrowed Rs 50,000 from Punjab National Bank. "I haven't decided whether I will take up a place or do it from home," she said. In Bawana, on the outskirts of Delhi, Kamla has taken a loan from...
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Too poor to qualify for loans -Mehboob Jeelani
-The Hindu Banks continue denying loans to low-income groups, insisting on sticking to a standard EMI route even though they are dealing with a complex social issue. In July 2012, Pradeep Kumar, a 36-year-old resident of Ladpur, a shanty town that sits on the north-western periphery of Delhi, applied for an employment loan at the magistrate’s office in Kanjawala district. Under the Pradhan Mantri Rozgar Yojana or PMRY — a funding policy...
More »Reforming markets, lessons from Bihar -Sukhpal Singh
-The Tribune There has been a big political rush to reform Agricultural Produce Market Committees (APMC) or agricultural markets. It is now known that most of the problems of the farm sector start and end with agricultural markets in some way or the other. The Model APMC Act 2003 provided a road map for the states to amend their APMC Acts in order to provide choice of channels to farmer for sale...
More »E-Rickshaws Soon on Kolkata Streets
-Outlook Kolkata: Providing a cheaper and eco-friendly alternative to auto-rickshaws, new e-rickshaws which runs on electric batteries was launched here today. Categorised in between a pedal rickshaw and an auto-rickshaw, the battery-operated e-rickshaws can run upto a speed of 25 km per hour and can accommodate around 4-5 passengers. "It is a zero emission vehicle and while running the engine produces no sound," Zafar Faridi, CEO of Dianzi rickshaw, told reporters after the...
More »Gujarat cities to get cheaper gas at Delhi, Mumbai rate
-The Times of India AHMEDABAD: Gujarat's cities will get cheaper gas. The Supreme Court on Monday upheld a Gujarat high court order passed last year directing the Centre to supply gas to Ahmedabad at the price it supplies to Delhi and Mumbai. This will have a direct impact on over two lakh vehicle owners including Auto Rickshaws in Ahmedabad alone where gas prices are way above Delhi and Mumbai. At the same time,...
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