-PTI NEW DELHI: Leaders of Left parties today met the Prime Minister and the Finance Minister and sought a CBI probe into the ponzi scam in West Bengal and stringent measures to tackle fraudulent money pooling activities. The Left parties have been demanding a CBI probe alleging that the Mamata Banerjee government was opposed to such an investigation as it would reveal links of her party with the prime movers of the...
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Between mass hunger and bursting granaries-Agrima Bhasin
-The Hindu A concern about the Food Security Bill is that legal entitlement has been weakened to mean a passive right to receive whatever the state gives The hallmark of the National Food Security Bill 2011 is that if implemented it will translate into India's first ever right to food legislation, guaranteeing food as a justiciable, legal entitlement to its people. However, in its current form, the Bill fails to evolve a...
More »Trail of death in chit fund collapse -Falguni Banerjee & Sanjib Chakraborty
-The Times of India CHINSURAH/SODEPUR: The body count in the aftermath of the Saradha collapse keeps going up. A director of a micro-Finance company was murdered at his home in Hooghly's Chinsurah on Monday even as the father of a chit fund agent hanged himself after being beaten and humiliated by cheated depositors in Sodepur on the northern outskirts of Kolkata. This is the eighth suicide since the Saradha Group meltdown ruined...
More »Women SHGs to get loans at lower rates - Elizabeth Roche
-Live Mint Cabinet clears proposal to give loans at 7% interest rate, and 4% if SHGs repay loans within the stipulated period The federal cabinet has cleared a proposal to give loans to women self-help groups (SHGs) at 7% interest rate, cheaper than the existing 11.5-14%, bringing the cost of loans on a par with those given to farmers. SHGs that repay loans within the stipulated period will be eligible for loans at...
More »Other nations can emulate DBT scheme, says ADB-Ashok Dasgupta
-The Hindu "I think it is a great effort, we are learning a lot from India" Even as India's Direct Benefit Transfer (DBT) is yet to be fully implemented under its second phase, the government's flagship programme on distribution of entitlements to the poor came in for praise by the Asian Development Bank (ADB). At a media conference on Saturday on the sidelines of the ADB's ongoing annual meeting at Greater Noida near...
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