-Livemint.com * Across India, women borrowers are finding it tough to repay small loans. The next few months will be critical * Unless there is a sharp recovery, MFIs and banks (with micro-loan portfolios) will have to restructure or write off loans though the situation will not be clear until November NEW DELHI: Sarama Koyal does not have a roof over her head. After the Amphan super cyclone ravaged her home in South...
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SWAN’s third report outlines the perpetual plight of migrants in terms of food shortage, income insecurity and travel difficulties during the lockdown
On June 5th this year, the Stranded Workers Action Network, comprising volunteers from various civil society groups, academics and students enrolled in university education, released its third report entitled ‘To Leave or Not to Leave? Lockdown, Migrant Workers, and Their Journeys Home’. Among other things, the latest report states that nearly four-fifth of migrant workers (out of 5,911) who called SWAN volunteers for help (altogether 821 distress calls were made)...
More »Economy’s Clear Signal: Boost Demand, Not Loans -Montu Bose and Sibin Kartik Tiwari
-Newsclick.in The poor need food and money, not more loans. Only demand-side interventions will revive the economy. The Covid-19 pandemic is an unprecedented crisis that almost all countries are struggling to cope with. Like the rest of the world, India is fighting the spread of the disease and its adverse consequences on the health system and its finances. On the economic front, India was already facing a prolonged slowing down. Even before...
More »CCEA nod for sharp hike in MSP for pulses, oilseeds
-The Hindu Cabinet also extended the repayment date for standard short-term loans upto ₹3 lakh for agriculture and allied activities, till August 31, 2020. The Cabinet Committee on Economic Affairs (CCEA) on Monday approved an increase in the minimum support prices (MSPs) for all mandated kharif crops, including paddy, pulses and cotton, for the 2020-21 marketing season. The Union Cabinet also extended the repayment date for standard short-term loans upto ₹3 lakh for...
More »Uttarakhand Tries To Retain Migrants Back Home Due to COVID-19. Migrants Point To Systemic Issues -Seema Sharma
-IndiaSpend.com Chandigarh: With thousands of migrants who had left Uttarakhand for greener pastures returning amid the lockdown, the state government is trying to convince them to stay on and rebuild their lives there, offering interest-free loans, subsidies and free electricity to set up eco-tourism and micro-enterprises. The state government has also added an additional budget for employment-generating schemes such as the Veer Chandra Garhwali Yojana, which offers micro credit aimed to...
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