-The Hindu Business Line To target farmer customers in the hinterland looking for adoption of farm mechanisation State Bank of India (SBI) has signed a master agreement with Adani Capital for co-lending to farmers for purchase of tractor and farm implements, to increase efficiency in farm operations and productivity of crops. Adani Capital is the non-banking finance company (NBFC) arm of Adani Group. Please click here to read more. ...
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Big Defaulters: When RBI Declines To Reveal to Parliament Details of Written-off Loans of Big Corporates
-MoneyLife.in While lenders harass individual or small borrowers to the point of even releasing the borrowers’ photos to the press for publishing them, it appears that big corporate defaulters are bestowed with immunity from such humiliation. They are a protected species. In fact, Reserve Bank of India (RBI) even declined to reveal to the Lok Sabha the details of loans written off of major corporates. In a written reply, Dr Bhagwat Karad,...
More »Rs.10,000 crore more for MGNREGA scheme -Priscilla Jebaraj
-The Hindu However, the job scheme’s balance sheets remain in the red in 24 States, UTs. The Finance Ministry has allocated additional funds of ₹10,000 crore as an interim measure for the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) scheme after it ran out of funds allocated in the budget, according to the Ministry of Rural Development (MoRD). More funds may be forthcoming based on the “assessment of demand,” added the...
More »Chhattisgarh Government Is Taking Back Covid Incentives Paid To Mitanins -Eisha Hussain
-Behanbox.com New Delhi: Usha Sahu, 45, a Mitanin trainer from Bemetara district in central Chhattisgarh was in for a shock when she checked her bank account in October. The bank had deducted Rs 2000 from the 4,000 rupees that she received as a special incentive for the Covid-19 duties for the months of April to September, 2021. “When the other Mitanins in the block started complaining about the deduction, I checked my...
More »Colossal notes ban failure buried in silence -TM Thomas Isaac
-The New Indian Express Having brought this economic disaster on the country, there was not a single statement of regret, introspection or even justification from the powers that be Demonetisation will go down in Indian economic history as one of the greatest policy blunders. In the two quarters prior to the ban on high denomination rupee notes, the Indian economy had registered around 9% growth. Since then, the growth steadily decelerated and...
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