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Kisan Credit Cards: Bad loan bubble waiting to burst?-Dinesh Unnikrishnan

-Live Mint Subsidized loans given to farmers through KCCs could very well be the next big source of NPAs for banks Mumbai: A surge in exposure to farm debt through Kisan Credit Cards (KCCs) could emerge as a risk for India's state-run banks, according to experts. Subsidized loans are given to farmers through KCCs by state-owned banks. Until March 2012, the outstanding amount on such loans was`1.6 trillion through 20.3 million cards, as...

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When machine 'replaced' man as NREGA labourer-Vivek Deshpande

-The Indian Express Yavatmal: Works worth Rs 36 crore were completed in less than four months, supposedly a manual effort under the central employment scheme MNREGS, according to the Maharashtra's forest department. An inquiry ordered by the district collector has found it was made possible by a collusion between forest officials and contractors, who allegedly used machines. Works worth Rs 32 crore were done in only nine of 56 gram panchayats in...

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MGNREGA card holders do not have enough info: Survey

-The Times of India JAIPUR: Only 7 per cent of MGNREGA job card holders in the state are aware that if the state is unable to provide work under the Central scheme then they are eligible for an unemploymentallowance. Only 17 per cent are aware about the mandatory 'form 6' that needs to be filled for getting a job under the Act while only 16 per cent know that the work...

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Chhattisgarh to give additional 50 days work for MGNREGA-R Krishna Das

-The Business Standard Chhattisgarh Government defines Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) and will provide 50 days additional employment to the beneficiaries in the state. The 100-day ceiling of guaranteed employment for the rural people would not be a bar in Chhattisgarh from now. The state government would provide job for additional 50 days---ensuring that the card holder of MGNREGA would get 150 days secured employment. "The proposal to increase MGNREGA...

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Forget job card, bring rooster for MGNREGA wages-Sheikh Saleem

-Rising Kashmir Srinagar: The criterion for laborers getting wages with Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) in Bandipora villages is not a job card but a rooster. “Even if you have worked efficiently, you will be paid wages only if you have a desi rooster to gift the officials,” locals from various Bandipora villages said. Alleging corruption in the release of funds, people from Zaban Chuntimulla said authorities were not releasing...

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