After the sanctioning of education loans, the public and private sector commercial bankers have shown almost no interest in sanctioning farm loans this year. The farmers in Madhya Pradesh continue to face financial strain and have stayed away from bankers. But the bankers consider last year’s debt waiver scheme being responsible for the low agri credit flow. While state-owned cooperative bankers moved ahead in sanctioning and disbursing priority sector advances, private...

The earlier draft covered only non-NBFC MFIs incorporated as trusts and non-governmental organizations that constitute a very small part of the total industry The proposed microfinance Bill for governing India’s Rs. 22,000 crore microlending industry is set to give more teeth to the Reserve Bank of India (RBI) to regulate larger microfinance institutions (MFIs). This will be done by removing such entities from the purview of laws enacted by state governments...

The government has set the ball rolling for estimating black money by signing agreements with three leading think-tanks NCAER, NIFM and NIPFP to conduct study on unaccounted income generated inside and outside the country. They have been given 18 months to complete the study and also suggest administrative and legal measures to prevent generation of black money, according to sources. The first study on unaccounted money was conducted by NIPFP way back...

CPM Politburo member and Kerala Home Minister Kodiyeri Balakrishnan has assets worth Rs 76.65 lakh, according to the affidavit filed by him on Thursday as part of his election nomination papers for the April 13 assembly polls in the state. Balakrishnan, who filed his nomination from Thalassery assembly constituency in Kannur district, declared that he has Rs 36.20 lakh worth assets and his wife Rs 40.45 lakh. He said that he has...

In Tamil Nadu, untouchability is so deep-rooted that there are separate burial spaces for Dalits and upper castes even in some urban pockets. “Samarasam ulavum idame Nam vaazhvil kaanaa Samarasam ulavum idame… Jaathiyil melor enrum Thaaznthavar keezhor enrum bethamillathu Ellorum mudivil serndhidum kaadu Thollai inriye thoongidum veedu Ulaginile ithuthaan Nam vaazhvil kaanaa Samarasam ulavum idame…” (Here, in this place pervades equality Which one could not have seen ever in one's lifetime! Steering clear of caste discriminations Such as the high, the low and...