-Live Mint In the two years to March 2012, the number of kisan Credit Cards grew by 28%, while the outstanding amount grew by 76% So far, the rural job-guarantee scheme, other social programmes by state governments and the raising of minimum support prices to farmers have been cited as reasons for the continued buoyancy in rural consumption and also for inflation in food items. But there could be another insidious...
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A slew of schemes for slum dwellers
-The Hindu Jaipur: Slum dwellers in Jaipur will shortly get the benefit of a slew of schemes with the selection of the Rajasthan Capital in the National Urban Livelihood Mission. The Rajiv Awas Yojana will also be implemented here from next month for construction of houses for them. Jaipur Mayor Jyoti Khandelwal announced at a discourse on "Urban poverty and strengthening of civil society voices" here on Thursday that special measures would...
More »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...
More »RTI applications for NRIs simplified-Narayan Lakshman
-The Hindu The Government of India took a major step forward in enabling Non-Resident Indians (NRIs) to file applications under the Right to Information Act this week, announcing that it has launched a service called "elPO," or Electronic Indian Postal Order. Using this, NRIs across the world may now be in a position to file RTI applications conveniently via direct payment of fees for the same. According to an Office Memorandum put...
More »Banking on hope -Sagnik Dutta
-Frontline How far will the proposed women's bank help marginalised sections when women's SHGs get little support and find it hard even to open accounts in public sector banks? WHILE the recent announcement of a women's bank in the Union Budget has been touted as a progressive measure for the financial inclusion of women, no concrete measures have been forthcoming to make all existing public sector banks sensitive to the needs...
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