-Live Mint Experts say private banks achieve lending obligations by buying out loans from non-banking entities Most private banks in India have not been able to meet the needs of farmers although they are expanding their rural and semi-urban branch network. This is why the Reserve Bank of India (RBI) is insisting that at least one-fourth of the branches of the new banks that will be given a licence must be located...
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Chhattisgarh ignores plight of its bonded labourers from J&K-Anumeha Yadav
-The Hindu Rajouri /Janjgir Champa: Exactly a year ago last February, 78 migrants working in bonded debt in brick kilns in Jammu and Kashmir made a desperate bid to start a new life. Sahodara Bai, who had worked at the kiln with her husband and eight children for 25 years, returned from a rare visit to her village in the plains in Chhattisgarh with a pamphlet. “The parchaa (pamphlet) had the name...
More »Debt crushes bonded labourers in Kota’s quarries-Anumeha Yadav
-The Hindu Kota, Rajasthan: The sun is about to set over grey-brown slabs in sandstone quarries in Kota district, Rajasthan. Babulal Khairwa sits at the edge of a quarry and attentively hits a taanki, a chisel shaped like a gigantic nail, placed on the stone with a hammer. Babulal hits the stone with the hammer till it cracks in a straight line. Each 2 by 10 square feet foot slab, or...
More »MNREGA will help implement direct benefit transfers: PM
-PTI The jobs scheme has expedited the financial inclusion of the rural population, says Manmohan Singh Prime Minister Manmohan Singh on Saturday said bank and post office accounts opened under the Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA) will help the government provide direct cash transfers to the people. “MNREGA has brought momentum in the financial inclusion of our rural population. Besides direct financial benefit, the scheme has given many indirect benefits...
More »Tamil Nadu: Dalits assert their rights-S Dorairaj
-Frontline The 64th Republic Day was a special occasion for the Dalits of Kokkampatti in Karur district. It was poetic justice that on this historic day, the caste Hindu residents of the village signed an accord with them to end the centuries-old practices of un-touchability and dis-crimination against Dalits, in the presence of the local authorities. Through the agreement the caste Hindus have promised to live in harmony with members of...
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