-The Hindu "NGOs, particularly those involved in protests against the Kudankulam nuclear power project in Tamil Nadu, received funds from abroad" The Union Home Ministry suspects that many non-government organisations registered under the Foreign Contribution Regulation Act (FCRA) are indulging in Money laundering. Enforcement agencies have so far initiated investigation against 20 such NGOs. “These NGOs, particularly those involved in protests against the Kudankulam nuclear power project in Tamil Nadu, received funds from...

-The Indian Express A little more than a week ago, World Bank chief Jim Yong Kim praised Prime Minister Narendra Modi for launching the Pradhan Mantri Jan-Dhan Yojana (PMJDY), which he called an “extraordinary effort” at financial inclusion. According to the Union finance ministry, India has attained 99 per cent financial inclusion, measured as households’ access to bank accounts. Within three months of launching the PMJDY, the government entered the Guinness...

-The Hindu Adilabad: Tribal farmers face same adversities which dog ryots of other regions, yet taking an extreme step is rare among them. For a brief while, Pendur Somu, the Gond Patel of Jodeghat village, seemed lost when he was asked why Adivasi farmers do not resort to suicide when in distress. A smile soon broke out on his face as he grasped the significance of such a question. “Can we repay the...

-Hindustan Times They are called cafeteria sessions. At lunch time, Greenpeace fund-raisers wander among hundreds, sometimes thousands, of young men and women packing the cafeterias of Indian companies. It’s not a good idea to name these companies. Greenpeace’s activities include forest preservation, renewable-energy promotion and fighting on behalf of local communities. These appear to be popular causes among young professionals. Donations of Rs 300 to Rs 500 constitute about 80% of...

-Livemint.com/ India Ratings Report by India Ratings & Research Non-performing loan ratio of agriculture loan portfolio could double for some banks The asset quality of India’s agricultural credit could be significantly affected by crop damage due to untimely hail and rain in March, according to India Ratings and Research. The non-performing loan (NPL) ratio of the agriculture loan portfolio could double for some banks, though the reduction of overall return on average assets...