Deshmukh protected Congress MLA's family member from normal process of law: Bench ‘Cases involving misuse of public office for private gains shake people's confidence'Taking serious view of the former Chief Minister of Maharashtra, Vilasrao Deshmukh (currently the Union Industries Minister), interfering in a criminal investigation against a family of a Congress MLA, the Supreme Court on Tuesday imposed an exemplary cost of Rs.10 lakh on the Maharashtra government.A Bench comprising...
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Crop loss claims lives of 8 farmers
Worried over crop losses and mounting Loans, two farmers committed suicide and four others died of shock in the state in the last 24 hours. Apparao, 55, consumed pesticide at his residence in Kapuumilada village in Santabommali mandal of Srikakulam on Tuesday. He was depressed after his three-acre crop was damaged in the rains. He took the land on lease and cultivated paddy. V Krishna Murthy, 52, a marginal farmer of Vanjagi...
More »Banker and pradhan ‘rob’ BPL man
A day labourer has complained to court that a panchayat pradhan in cahoots with a bank manager has thrust a loan of Rs 30,000 on him for which he had never applied, the allegation exposing how beneficiaries of village schemes are left at the mercy of influential rural leaders.Additional chief judicial magistrate Manoj Rai, after criticising the police role in the investigation, asked the Islampur subdivisional officer yesterday to inquire...
More »Microfinance institutions to shut shop?
The Bill to regulate Microfinance Institutions tabled in the Andhra Pradesh assembly on Friday has upset the Microfinance institutions (MFI) network, who say their concerns have not been addressed and that may force them to shut operations in the state. "Repayment has fallen drastically and so we are not in a position to continue operations in Andhra Pradesh unless the situation is remedied," said Vijay Mahajan, President, Micro Finance Institutions Network. The...
More »UP agri sector in for major credit flow during FY12 by Virendra Singh Rawat
Total credit potential estimated at over Rs 65,000 croreThe agriculture and allied sectors in Uttar Pradesh are in for a major boost during the period 2011-12 with the total credit potential in the farm and non-farm segments pegged at Rs 65,440 crore for the next financial year.This would be a jump of more than 20 per cent over state credit target estimated for the current financial year at Rs 54,000...
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