Farmer Dharamshyam Kujur put the hitherto nondescript village of Doba in Kudu block of Lohardaga district on the banking map of India today as he withdrew Rs 100 from his newly opened account. Watching him create history was Reserve Bank of India (RBI) governor D. Subbarao, who, as part of RBI’s ambitious outreach programme aimed at financial inclusion, inaugurated a smart card-based satellite banking system in the village earlier in the...

Just three days after the Jaypee group resumed work on the Yamuna Expressway in Aligarh’s Tappal area in Uttar Pradesh after the last month’s agitation, the farmers again brought it to a halt on Tuesday evening, demanding compensation for the crops on the land acquired for the project, return of the land to farmers who were against acquisition, and withdrawal of the cases registered against them during the agitation. The immediate...

Food Corporation of India (FCI) has tied up with a few banks for direct payment to farmers for the grains to be procured in the kharif marketing season 2010-11. "We are firm on our stand and we will try to put direct payment system to farmers into operation from the coming paddy procurement season," a senior official of FCI told media here. FCI has made arrangements with the State Bank...

Once lauded as a model state for implementation of MGNREGA — the flagship programme of the UPA government — the state is on the backfoot nowadays as far as the scheme is concerned. Even as the Opposition BJP and the ruling Congress try to extract political mileage out of sarpanches agitation, at stake is the very scheme that has not only reduced the migration of labourers to other states but...

Banks have designated red zones where the vast majority of Muslim clusters fall. This fact is confirmed by the rash of banking-related complaints received by the National Commission for Minorities. A little over a year ago, Ali Arshad, a resident of Okhla in Delhi, went to a well-known private sector bank to open a bank account. He thought his case would be fast-tracked because he had a banking background, he worked...