-The Hindu Business Line Kirana and tea shops are doing better than businesses that involve discretionary spending The Micro-finance industry (MFI) is cursed and blessed at the same time. When there were indications that the micro-finance sector is overheating, with high growth rates, multiple lending and oppressive loan recovery practices, the withdrawal of specified bank notes (SBN) hit them. There were reports of stress from Uttar Pradesh and it appeared that there...
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'Ruined': Farmers hit as vegetable prices come crashing down after demonetisation -Chetan Chauhan
-Hindustan Times The government’s decision to scrap high-value currency has sent wholesale vegetable prices crashing to rock-bottom levels, bringing misery to millions of farmers hoping for good returns for their produce after two successive drought years. Onions sold for just Re 1 per kilogram in wholesale markets at Madhya Pradesh’s Neemuch and Mandsaur this week while tomatoes cost less than Rs 2 per kg in Andhra Pradesh and Chandigarh. A kilogram of cauliflower...
More »Reality check: Indian economy is not larger than that of the UK -TCA Sharad Raghavan
-The Hindu The claim made by a magazine and carried by sections of media is not backed by data. The claim that the Indian economy has overtaken the U.K. economy in terms of absolute size, as made by a contributor to Forbes magazine and carried by sections of the Indian media, is not backed by data, an analysis by The Hindu of GDP data from the International Monetary Fund (IMF) and the...
More »BPL cardholders to get coupons to buy rations from open market
-Deccan Herald Bengaluru: Below Poverty Line (BPL) ration cardholders will soon have the option of redeeming coupons for rice and other foodgrain of their choice at general provision stores, if unhappy with the quality of ration supplies. In what appears a departure from Chief Minister Siddaramaiah’s pet scheme ‘Anna Bhagya’ or rice at highly subsidised rates, the department of Food and Civil Supplies has adopted the new method citing huge shortfall in...
More »Farmers get 60 days more to repay crop loans due in November-December
-PTI NEW DELHI: In a bid to provide relief to farmers hit by cash crunch, the government today gave them an additional two months to repay their crop loans due in November-December period and said that prompt repayment would be eligible for the extra 3 per cent interest subsidy. Under the interest subvention scheme, farmers get the short-term crop loan of up to Rs 3 lakh for one year at an interest...
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