-Live Mint Experts say private banks achieve lending obligations by buying out loans from non-banking entities Most private banks in India have not been able to meet the needs of farmers although they are expanding their rural and semi-urban branch network. This is why the Reserve Bank of India (RBI) is insisting that at least one-fourth of the branches of the new banks that will be given a licence must be located...
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When water flows like money-P Sainath
-The Hindu If drought is making many in Osmanabad struggle for survival, it is also boosting a 24-hour trade that thrives on scarcity Bharat Raut spends around Rs.800 a month on petrol — just to fetch water that belongs to him. So do a lot of others in Takwiki village in Osmanabad district in Marathwada. Almost every household in Takwiki (and other villages) has one member locked into a single task each...
More »Alternative options to be provided for tribals
-The New Indian Express Bhubaneshwar: The State Government has decided to implement the Focused Area Development (FAD) scheme for the welfare of tribal people for the next 10 years with an expenditure of `15.9 crore per year. The scheme was launched in 2012-13 for providing alternative sources of livelihood to the tribal people. The decision to continue the FAD scheme for the next 10 years was taken at a high level meeting...
More »MNREGA will help implement direct benefit transfers: PM
-PTI The jobs scheme has expedited the financial inclusion of the rural population, says Manmohan Singh Prime Minister Manmohan Singh on Saturday said bank and post office accounts opened under the Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA) will help the government provide direct cash transfers to the people. “MNREGA has brought momentum in the financial inclusion of our rural population. Besides direct financial benefit, the scheme has given many indirect benefits...
More »Displaced and damned for a generation -Alok Deshpande
-The Hindu Koynanagar (Maharashtra): First, a dam, then an earthquake and finally a tiger reserve — families in Satara district’s Koyna have been displaced thrice in one generation. In 1960, the people had to move, paving the way for the Koyna dam; in 1967 following the earthquake and then for the Koyna tiger reserve in 1985, says Jagannath Vibhute, an activist of the Shramik Mukti Dal and one of the many...
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