-The Hindu RBI told banks that they could shift the repayment schedule for loans and the residual tenor across the board by three months after the moratorium period. Banks which give borrowers a three-month moratorium on repayment of loans will continue to charge interest on the outstanding portion of the loans during this window period, the Reserve Bank of India clarified on Friday evening. The 3-month moratorium on repayment of loans - including...
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Coronavirus: Delhi’s violence-hit areas become even more vulnerable after doctor tests positive -Ipsita Chakravarty
-Scroll.in Even the Delhi government’s compensation programme has been held up by the lockdown. Till a month ago, Haroon Ali had a home, work as a part-time driver and an additional source of income from supplying stationery to shops. Then the riots stormed through North East Delhi, uprooting hundreds. Ali and his wife, as their home and belongings in Shiv Vihar were destroyed by mobs. The family sought shelter in a relief...
More »FM’s announcement of Rs 1.7 lakh crore in the wake of COVID-19, is less than half of the Rs. 3.75 lakh crores required to fulfill the minimal “emergency measures”, convey concerned citizens & grassroots activists
-Press releases by NREGA Sangharsh Morcha dated 26th March, 2020 Civil society activists and concerned citizens have responded to the emergency measures that were announced by the Finance Minister on 26th March, 2020 for the poor, the vulnerable and the migrant & informal workers. An open letter by NREGA Sangharsh Morcha -- an umbrella organisation of CSOs and social activists working for the unorganised sector and MGNREGA workers -- has been issued...
More »Nirmala Sitharaman announces Rs. 1.70 lakh crore package for poor
-The Hindu Finance Minister Nirmala Sitharaman on Thursday announced a Rs. 1.70 lakh crore package which is likely to benefit 80 crore people. In her second media conference in a week, Ms. Sitharaman announced a slew of welfare decisions as the nation is under lockdown due to COVID-19 pandemic. Here are the highlights from her speech: * The Finance Minister announced ₹1.70 lakh crore package Pradhan Mantri Gareeb Kalyan Yojana, targetting 80 crore people. *...
More »Coronavirus pandemic is ominous news for India’s rabi crops and farm-to-food chain -Mekhala Krishnamurthy
-ThePrint.in During the coronavirus crisis, income support platforms must be utilised by both state and the Centre. Social distancing should be a norm in wheat procurement mandis. As India goes into a 21-day lockdown, the Narendra Modi government has sought to reassure an anxious public that the country has multiple times the required reserve of food grains to tide over the crisis. There have also been urgent calls for both central and...
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