-PTI GHAZIABAD: The Uttar Pradesh government is contemplating on increasing the interest free loan limit for unemployed youth to set up industrial units in rural belts from Rs 10 lakh to Rs 25 lakh. A formal declaration on increasing the interest free loan limit to unemployed youth to set up industries in rural belts is likely to be made soon, Khadi Gram Udyog Minister Raja Ram Pandey today said at a function...
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Govt to amend law so RBI can sell 1% stake in Nabard-Remya Nair
Central bank sold its majority stake in Oct 2010; change will ensure entire equity is held by the govt The government will amend a law governing the National Bank for Agriculture and Rural Development (Nabard) to allow the Reserve Bank of India (RBI) to sell its 1% stake in the development lender. The central bank sold its majority stake in the lender to the government in October 2010. The government owns 99%...
More »Ask in haste, repent in leisure-Devadeep Purohit and Meghdeep Bhattacharyya
A moratorium is not the magic bullet that can slay Bengal’s fiscal demons, several economists have said, pointing out that postponing the inevitable will be of little use unless backed up by a revenue mobilisation road map. Chief minister Mamata Banerjee had yesterday set a 15-day deadline for the Centre to announce a three-year moratorium on the payment of interest on the loans Bengal had taken. “A moratorium on repayment obligations can...
More »Vidarbha farmer in suicide note: Don't vote for Congress, NCP
-PTI The suicide of a farmer in Vidarbha's Yavatmal district has put the Maharashtra government in a spot, as in his suicide note, he asked people not to vote forCongress and NCP, the ruling alliance partners in the state, as they don't "care" for farmers. "Don't vote for the Congress and NCP; they don't care for farmers," 45-year-old Gajanan Ghotekar wrote in the suicide note before consuming pesticide last week at village...
More »Microfinance institutions escape charge of abetting suicide of clients-M Suchitra
In 2010, Andhra Pradesh witnessed a series of suicides. These were not cases of farmers' suicides—a regular occurrence in the state which continues to be in the grip of an agrarian crisis. The victims in these cases happened to be the poorest of the poor; most of them illiterate dalits and adivasis. The first information reports (FIRs) of the police reveal that most of the suicides were due to coercive...
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