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Rs 20,000 in bank accounts to be rural poverty barometer -Subodh Ghildiyal

-The Times of India NEW DELHI: A gram panchayat's success in reducing poverty will be judged by the number of households with over Rs 20,000 in savings bank accounts or percentage of families with Aadhaar-linked bank accounts. Or, by the percentage of its households which have availed over Rs 20,000 as bank credit. Interestingly, higher the number of households with bank loans for "diversified livelihood", the better the village would be assessed...

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Does the Banking System Really Want to Help Farmers? -Devinder Sharma

-TheWire.in The corporate sector is responsible for 70% of the country’s NPAs, but their loans are being waived off while waiving farming loans is still being frowned upon. The Gujarat government gave a loan of Rs 456.79 crore to the Tatas to set up the Nano plant at Sanand, near Ahmedabad. The Gujarat government has acknowledged that the massive loan was given at an interest of 0.1%, to be paid back in...

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Farm-loan waiver: A political masterstroke, but economically not prudent -Sanjeeb Mukherjee, Amit Agnihotri & Archis Mohan

-Business Standard The efficacy of farm debt waivers is ambiguous, but it has proved to be a potent potent weapon in the run-up to elections With elections round the corner in agrarian states of Uttar Pradesh and Punjab, Congress vice president Rahul Gandhi, his party’s Punjab chief ministerial candidate Amarinder Singh and Aam Aadmi Party (AAP) chief Arvind Kejriwal are trying to woo farmers of the two states with promises of farm...

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Labour's love's lost -TT Ram Mohan

-The Hindu The proposed labour reforms seek to weaken worker protection at a time when the Indian economy is not creating enough jobs, and the right kind of jobs. On September 2, 10 trade unions in India organised what was said to be one of the largest labour strikes in history. An estimated 120 million workers took part. The unions were protesting against the government’s unwillingness to grant a 12-point charter of...

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Prashant Bhushan, founder of Swaraj Abhiyan, speaks to Vrinda Gopinath (thewire.in)

-TheWire.in Swaraj Abhiyan founder Prashant Bhushan discusses the Essar tapes and other scams, the role of whistleblowers and his fallout with Arvind Kejriwal. Celebrated lawyer-activist Prashant Bhushan has just notched up another victory with the Supreme Court-appointed panel decreeing there was prima facie evidence that former CBI director Ranjit Sinha had attempted to influence the investigation into the coal block allocation scam under the then UPA government. The court’s observation was based...

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