-The Hindu Business Line MSMEs are using funds from the Emergency credit Line Guarantee Scheme more to pay off earlier loans than as growth capital The Emergency credit Line Guarantee Scheme (ECLGS) was one of the highlights of the economic package announced by the government in May, and it became operational on May 23. The scheme is basically a loan guarantee for all MSMEs which were operational as on February 29 with...
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Akshaya Patra governance under lens as 4 high-profile trustees quit in 2020, NGO denies link -Rohini Swamy
-ThePrint.in 4 trustees are ex-Infosys chief financial officers Mohandas Pai and V. Balakrishnan, ChrysCapital co-founder Raj Kondur, and Abhay Jain, adviser to Manipal Education & Medical Group. Bengaluru: NGO Akshaya Patra Foundation (APF) has seen four high-profile trustees resign since February — three within the last month — amid speculation of misgivings within the organisation over governance issues. The four trustees are former Infosys chief financial officers Mohandas Pai and V. Balakrishnan, ChrysCapital...
More »Has personal loans seen a rebound ahead of the festive season? The answer is in the negative
Just before Dhanteras and Diwali this year, the Reserve Bank of India (RBI) released the November edition of its monthly bulletin. The latest RBI Monthly Bulletin says that the GDP has contracted by -8.6 percent in the second quarter of fiscal year 2020-21 (i.e. July-September, 2020) as compared to the gross domestic product (GDP) during the corresponding period last year. It may be noted that India’s GDP shrunk by -23.9...
More »Rajasthan: After a Prolonged Battle, Farmers Get Crop Insurance Claims -Shruti Jain
-TheWire.in In 2018, farmers, who had been denied insurance claims after the Agriculture Insurance Company of India refunded their premiums, filed a PIL before the Rajasthan high court. Jaipur: After almost three years of legal battle against a public sector insurance company and a state-run co-operative bank that arbitrarily denied them insurance claims under the Pradhan Mantri Fasal Bima Yojana (PMFBY), farmers in Rajasthan’s Jodhpur have finally received their share of claims...
More »Other side of APMC repeal: Bihar farmers want mandis, ‘like Punjab’ -Harish Damodaran
-The Indian Express Farmers in poll-bound Bihar are seeking mandis 'like in Punjab and Haryana' Begusarai, Khagaria: In 2006, Nitish Kumar’s government showed the way by repealing Bihar’s Agricultural Produce Market Committee (APMC) Act and allowing crops to be freely traded outside the state’s regulated mandis. But 14 years on – when the Narendra Modi government at the Centre has enacted a law dismantling the monopoly of APMC mandis all over India and...
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