-The Telegraph Bottle gourd shells, used to make traditional musical instruments like sitar and tanpura, are no longer grown by the farmers in Howrah, reports Amrita Ghosh West Bengal: Its not without reason that "shader lau..." is the most popular folk song in parts of rural Bengal, including Howrah. "Lau" or bottle gourd, as the folk song goes, turns a man into a vagrant as he eats its base and its top...
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Who foots the huge dole for business? -Latha Jishnu
-Down to Earth Bad loans of public sector banks to business are more than double the food subsidy There are some things you simply do not do in the liberalised economy. You do not put bank loans under the lens-unless these are ballooning out of control. That is, until such loans are likely to jeopardise the entire banking system and send the economy into a tailspin. And there's another thing: you don't...
More »Whose loo? Why 600 million Indians still defecate in the open-Ierene Francis
-TheAlternative.in Over 600 million Indians have no access to toilets - if you line up the countries where open defecation is practised, India leads and also has more than twice the number as the next 18 countries with no access to toilets. The proportion is worse in rural India - where 68% of rural households don't have their own toilets (Source:NSSO, WHO). Why is open defecation an issue? Open defecation has been linked...
More »Rs 1 lakh crore bad loans of corporates written off: RBI-Mayur Shetty
-The Times of India MUMBAI: Data collected by Reserve Bank of India over a period of one year blows the lid off what goes as loan classification in banks. In a presentation at the annual bankers' conference, RBI deputy governor K C Chakrabarty showed how banks have sacrificed over Rs 1 lakh crore by writing off bad loans to corporates, which is much higher than Union finance minister P Chidambaram's farm...
More »Clarity on loan waivers
-The Asian Age Reserve Bank deputy governor K.C. Chakraborty has finally set the record straight on what is well known in left-wing development circles: that Corporate India's loans waived by banks are more (over Rs. 1 lakh crore in the past 13 years) than farm loans to the tune of Rs. 60,000 crores written off under the Debt Waiver and Debt Relief Scheme. More revealing is that medium and large units have...
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