-The Telegraph Chief minister Mamata Banerjee has ordered an amendment to a state law to prevent rural co-operative Banks from attaching the land of loan-defaulter farmers without government approval. The directive was issued after Mamata came across two posters by a co-operative bank controlled by Trinamul Congress leaders, which sought to auction the land of farmers who have not repaid loans. “I am assuring my brothers that nobody will go to confiscate your...
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White paper on black money likely in Budget Session: Govt
-PTI The Government today said it is likely to table a White Paper on black money during the ongoing Budget Session of Parliament, but maintained that there is no authentic estimate of the quantum of illicit wealth. "The white paper is likely to be brought during the Budget Session," Minister of State for Finance S S Palanimanickam informed the Rajya Sabha in a written reply. The White Paper is expected to contain information...
More »Mayawati's wealth doubled to Rs 111.64 crore during her term as chief minister by Ashish Tripathi
Bahujan Samaj Party (BSP) president Mayawati's assets doubled to Rs. 111.64 crores (approx. $22 million) during her term as chief minister of Uttar Pradesh. In her affidavit filed along with the nomination for the Rajya Sabha (upper house of Parliament) elections on Tuesday, Mayawati has declared total assets of Rs 111.64 crore, which is more than double of Rs. 52 crore she declared in May 2007 when she contested for the...
More »Manmohan turns down Waterman's resignation from Ganga Authority
-The Hindu PMO holds talks with Magsaysay Award winner Rajendra Singh The Prime Minister's Office has asked Magsaysay Award winner Rajendra Singh – better known as Waterman -- to re-consider his resignation from the National Ganga River Basin Authority. Mr. Singh and his Authority colleagues Ravi Chopra and R. H. Siddiqi had quit two days ago in protest against alleged indifference of the Central Government towards protection of the Ganga river. Mr. Singh has...
More »Small farmers still excluded from formal financial channels
-The Economic Times Small and marginal farmers who constitute more than 80% of total farmer households in the country face exclusion from formal financial channels," says the Nair Committee on priority sector lending. The same report says "commercial Banks have been prescribed targets since late 1960s for priority sector lending". The banking system failed the farmers and the needy despite nationalisation, but is there a viable model that could help the millions...
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