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Have bank accounts for all by Jan 2016: RBI panel

-PTI MUMBAI: Recommending sweeping changes in the banking structure, an RBI panel on Tuesday suggested setting up of specialized banks to cater to low income households to ensure that all citizens have bank accounts by 2016. It also suggested that facility for withdrawal, payment and deposit should be set up within a 15-minute walking distance anywhere in the country. "By January 1, 2016 each resident, above the age of 18, would have an...

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World Bank provides $ 500 million loan to rural water supply and sanitation project -Swati Mathur

-The Times of India LUCKNOW: The World Bank has approved a $500 million credit for the rural water supply and sanitation (RWSS) project to improve piped water supply and sanitation services through decentralized delivery systems in the states of Assam, Bihar, Jharkhand and Uttar Pradesh. According to Census 2011 data, only 31% of the 167 million rural households in India have access to tap water and domestic toilets. About 67% of the...

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U'khand Govt to Rent Out Shops to Unemployed Youths

-Outlook Dehradun: The Uttarakhand government will soon launch a self-employment scheme for the unemployed youths of the state by building 3,5000 shops and giving them to the beneficiaries on interest-free loans repayable in ten years. To be built in clusters of 10 shops each on a piece of land identified by the District Magistrate concerned, each of the shops will be available at a cost of Rs 2 lakh, official sources said...

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Farmer in UP Commits Suicide Over Mounting Debts

-Outlook Muzaffarnagar (UP): A debt ridden farmer in Atrohana village in the district has allegedly committed suicide by shooting himself at his house, police said. Sanjay Tyagi (48), was depressed over the mounting debts that he had taken from a bank and as the bank officials were pressuring him to pay back the loan, yesterday he took to the extreme step, they said. The body has been sent for postmortem. Meanwhile, block secretary of...

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Outsiders in Kutch’s mini-Punjab: Sikh farmers battling for their land -Satish Jha

-The Indian Express Kutch (Gujarat): Bhajan Singh, 62, remembers the time curious villagers turned up to see a borewell his father Gopal Singh had dug up. The year was 1969 and it was the first time Sumrasar village, near Bhuj in Kutch district, had had a borewell. Few had ever seen it work, as they depended entirely on rainwater for the barely one crop they harvested a year. Originally from Pakistan, Gopal...

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