-The Indian Express On October 30, at the meeting of the Financial Stability and Development Council chaired by Jaitley and attended by Urjit Patel among others, the central bank is learnt to have downplayed the issue of liquidity crunch. While the Reserve Bank of India said two weeks ago that there is no sign of a liquidity crunch, its own latest data shows that banks’ credit outstanding to the Micro, Small and...
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Easier credit norms for small and marginal farmers -Zia Haq
-Hindustan Times Government’s decision is aimed to cut dependence of small and marginal farmers on usurious informal private lenders. The government has streamlined lending norms in schemes such as the Kisan Credit Card to boost institutional credit flow to small and marginal farmers who make up over 90% of people engaged in agriculture and, as a class, are highly vulnerable to risks. The aim is to cut their dependence on usurious...
More »Disclose bills of Air India charter plane for PM's travel abroad: CIC to MEA
-PTI The case pertains to Commodore Lokesh Batra (Retd) who had sought to know details of bills, invoices and other records related to abroad visits of Prime Minister between Financial Years 2013-14 and 2016-17. The Central Information Commission has directed the external affairs ministry to disclose records related to the expenses incurred on chartering Air India aircraft for abroad visits of the prime minister from 2013 to 2017. Chief Information Commissioner R...
More »India's wilful defaulters owe more than Rs 1 lakh crore to banks -Atul Thakur
-The Times of India NEW DELHI: As on September 30, 2017, more than Rs 1.1 lakh crore was owed to banks by people or companies characterised as “wilful defaulters”, that is those who are unwilling to pay despite having the capacity to do so. TOI analysed more than 9,000 such accounts for which banks have filed lawsuits for recovery and found that the top 11 debtor groups, each with dues of...
More »In loan waiver shocker, farmers of Uttar Pradesh get relief of 19 paise -Haidar Naqvi and Brajendra K Parashar
-Hindustan Times Many farmers have been left bewildered as the Uttar Pradesh government headed by chief minister Yogi Adityanath follows up on its poll promise of waving farm loans. Kanpur/ Lucknow: Ishwar Dayal, a marginal farmer of Bhartana in Etawah of Uttar Pradesh, was in for a shock when he was handed over by district officials a certificate saying his outstanding farm loan amounting to 19 paise has been waived. He says he...
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