-The Hindu Business Line IOB, BoB and Canara Bank lead, finds study by Commonwealth Human Rights Initiatives New Delhi: As the Finance Ministry and the central bank try to clean up the balance sheets of troubled public sector lenders, a new study has found that banks that saw a sharp rise in bad loans in 2014-15 were not very forthcoming with information requests by the public. While noting that there was “no positive...
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A detailed map for financial inclusion-CRL Narasimhan
-The Hindu The report of the Reserve Bank of India (RBI)-appointed Committee on Comprehensive Financial Services for Small Business and Low Income Households has been placed on the central bank's website for comments. Considering the voluminous nature of the report and even more pertinently its complex and, detailed treatment of the subject, the deadline for receiving comments, now set at January 24, would, in all probability, need to be extended. The report packs...
More »Usha Ananthasubramanian, first CMD of Bharatiya Mahila Bank interviewed by Aarti Dhar
-The Hindu Bharatiya Mahila Bank (BMB) is the first of its kind bank in India, meant for women. However, the bank is neither completely run by women, and nor is it exclusively for women. The first CMD of Bharatiya Mahila Bank, Usha Ananthasubramanian, explains to The Hindu the concept of the Bank which is just about two months old. Edited excerpts from the interview: * How is Bharatiya Mahila Bank different from the...
More »Pepper tiger -Lalita Iyer
-The Week Telangana leader claims he is making astronomical profits from capsicum farming Telangana: Not many politicians who own land are farmers. But Telangana Rashtra Samithi president K. Chandrasekhara Rao is different. While he ensures Telangana remains a burning issue, Rao is also busy growing capsicum, potato, bitter gourd, and bottle gourd. The capsicum crop itself, he claims, will fetch him Rs.10 crore. His claim of huge returns and promise of land...
More »Irregularities in MGNREGA Implementation in Chhattisgarh
-Outlook Raipur (Chhattisgarh): Slow pace of development work resulting in blockage of over Rs 8 crore and alleged irregularities in implementation of MGNREGA through payment of excess wages to labourers have been noticed in Chhattisgarh's Rajnandgaon district. As against 865 works sanctioned under 13th Finance Commission, only 391 works were completed and against allotment of Rs 16.20 crore, expenditure of only Rs 7.97 crore was made and Rs 8.23 crore was blocked,...
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