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Mudra loans a big scandal in banking system

-Deccan Chronicle The managers used a part of the 60 per cent amount to repay the Mudra loan for a year and pocketed the rest. New Delhi: The Modi government may have to get battle ready soon for cleaning up the Mudra loan mess that has added to the concerns of the banking system. The plan to create “job creators and not job seekers” by disbursing massive credit to micro and small...

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Banks take about Rs. 70,000-cr. hit due to frauds in last 3 years

-PTI ‘Impact in 2017-18 at ?36,694 cr. more than twice seen in previous 2 years, each’ Indian banks reported a total loss of about ?70,000 crore due to frauds during the last three fiscals up to March 2018, the Rajya Sabha was informed on Tuesday. The extent of loss in fraud cases reported by scheduled commercial banks (SCBs) for 2015-16, 2016-17 and 2017-18 was ?16,409 crore, ?16,652 crore and ?36,694 crore, respectively, Minister...

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Untangling the knot of citizenship -Sanjoy Hazarika

-The Tribune Assam is tense; internet services have been suspended and security forces on standby with the final draft list of the controversial NRC out. Sanjoy Hazarika, a specialist on the north-east, explains why it is sitting on a powder keg I’M not getting into the numbers game for Assam and the National Register of Citizens (NRC) process which is a draft in progress. The first draft, published last December had 19...

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Agrarian diStress in Vidarbha, Marathwada: subsidies, debt waivers no solution to farm crisis, prioritise watershed strategies, says study -Anuradha Mascarenhas

-The Indian Express The study ‘Agrarian diStress: Why Vidarbha and Marathwada alone’, which aims to identify the causes behind the farm crisis in these regions, says top priority should be given to watershed strategies while planning mitigation measures. Pune: Subsidies and debt waivers cannot resolve the agrarian crisis, according to a study by the Gokhale Institute of Politics and Economics (GIPE). The study ‘Agrarian diStress: Why Vidarbha and Marathwada alone’, which aims...

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Civil society groups ask for proper implementation of NFSA in Delhi to end starvation deaths in the future

-Press statement by Delhi Rozi Roti Adhikar Abhiyan (DRRAA) dated 27th July, 2018   The Delhi Rozi Roti Adhikar Abhiyan (DRRAA) is shocked and saddened by the news of the deaths of 3 minor girls in Mandawali, East Delhi due to starvation. As per media reports, the post mortem has confirmed that the children aged 2, 4 and 8 died of starvation. While further details about the circumstances are awaited and the...

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