-The Hindu Chief Minister B.S. Yediyurappa will make the announcement soon, says Co-operation Minister S.T. Somashekar Bengaluru: Co-operation Minister S.T. Somashekar on July 14 said the government would soon announce a waiver of ₹79.47 crore in farm loans borrowed by 10,187 farmers in Karnataka who succumbed to COVID-19. Loans borrowed from apex, district credit cooperative banks and primary agricultural cooperative societies (PACS) would be waived. Chief Minister B.S. Yediyurappa would formally announce the...
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Loan moratorium case: Waiver of complete interest not possible, says Supreme Court
-The Indian Express The apex court refused to interfere with the Centre's and Reserve Bank of India (RBI's) decision to not extend the loan moratorium beyond August 31 last year, saying it is a policy decision. Refusing to interfere with the government and RBI’s decision to not extend the loan moratorium period beyond Aug 31, the Supreme Court on Tuesday said it cannot do a judicial review of Centre’s financial policy decision...
More »Don’t ignore the women farmers -Thamizhachi Thangapandian
-The Hindu The gender gap in the agriculture sector will only widen more with the current farm laws Eminent agriculture scientist M.S. Swaminathan once said, “Some historians believe that it was women who first domesticated crop plants and thereby initiated the art and science of farming. While men went out hunting in search of food, women started gathering seeds from the native flora and began cultivating those of interest from the point...
More »Jharkhand: Hemant Soren Govt Waives Farm Loans of Up to Rs 50,000 for 9 Lakh
-PTI/ TheWire.in The government said that an allocation of Rs 2,000 crore has been made in the current financial year for the waiver. Ranchi: The Hemant Soren government in Jharkhand waived farm loans of up to Rs 50,000, benefitting around 9 lakh farmers of the state, officials said on Thursday. The decision was taken at a cabinet meeting on Wednesday, partly fulfilling the promise made by the ruling coalition ahead of the 2019...
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...
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