The nearly 10 crore farmers who hold kisan credit cards (KCC) will soon be able to use their card as a deposit account and a debit card. This will help the government scale up its financial inclusion plan quickly without relying on bank accounts alone. KCC, which has been instrumental in faster delivery of credit to farmers, is like an overdraft account with a bank that has to be operated through a...
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Jairam Ramesh promises succour to poor, single women by K Balchand
-The Hindu Despite low literacy rates, most of the low-income single women in the country are not dependent on their families but run their households on their own, according to the findings of a study released by Union Minister for Rural Development Jairam Ramesh. However, since the government does not consider them so, they are neglected and forced to survive on less than the prescribed minimum wage. Mr. Ramesh released the study...
More »Safal shows the way by Latha Jishnu & Jyotika Sood
Mother Dairy’s retail model helps farmers but is under pressure from chains Call it the Safal model. For close to 25 years, a large chunk of households in the National Capital Region have had access to fresh fruits and vegetables at affordable prices—at rates much lower than what the local vegetable and fruits market or the handcart vendor would charge. This was made possible by standing the concept of buying on...
More »Bhushan told to pay Rs 1.32 cr duty plus interest on his ‘1-lakh bungalow’ by Prashant Pandey
The office of the assistant stamp commissioner here today found Team Anna member Shanti Bhushan guilty of evading stamp duty in purchase of a bungalow in Allahabad’s posh Civil Lines, slapping him with a Rs 27 lakh fine and asking him to deposit Rs 1.32 crore in duty along with interest. Bhushan has been asked to pay the entire amount within a month. Bhushan said the order was “illegal”, and the stamp...
More »Using the cow by Javed Anand
If you are a resident of Madhya Pradesh, Muslim and poor, nowhere close to the class of nawabs who can pay for murg musallam or mutton raan, watch your pot! The BJP government, led by Chief Minister Shivraj Singh Chouhan, has just armed itself with a big danda ostensibly to protect the holy cow and its progeny. But, make no mistake, it’s a stick to beat you with. To save your...
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