-The Times of India NEW DELHI: Soon, the last-mile connectivity in remote villages of the country's backward pockets may be provided by transport services run by women's Self Help Groups. The Centre is working on a scheme to provide interest-free loan to women's SHGs to enable them to buy vehicles and hire drivers. These vehicles will serve as public transport to villages not connected to the main town by any such service....
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Getting back on the growth track -C Rangarajan
-The Hindu A big push on private investment is needed. But social harmony is also a prerequisite for faster growth The National Income numbers for 2016-17 have been released. What do they convey? What do they hold for the immediate future? Briefly, this is the picture. Recent revisions in the Index of Industrial Production and Wholesale Price Index do not alter the annual growth rates for the recent years. The differences are in...
More »UP farm loan write-off sowed seeds of stir?
-The Times of India Demands for loan write-offs being stonewalled by the government seems to be the primary reason driving the country's farm folk to protests that are periodically degenerating into violence. Additionally, the governments' unwillingness to increase the minimum support price (MSP) to check food-induced inflation that would impact voters, too, could be a factor. While UP government's decision on April 12 to announce loan waiver for the state's three crore farmers...
More »NDTV probe: Private banks fear debt resolution may be hit -Mayur Shetty
-The Times of India MUMBAI: Private sector bankers say that if NDTV's loan settlement with ICICI Bank is termed criminal, it could hit resolution of bad debts. The concerns follow the Central Bureau of Investigation (CBI) alleging that ICICI Bank officials may have caused wrongful gains to NDTV promoters by agreeing to cut the interest rate to settle the loan. "Settlement of any stressed loan involves some sacrifice by the banker. Often...
More »5 killed as shots fired at MP farmers' protest, CM accuses Cong of instigating violence
-The Times of India INDORE: At least five persons were killed and over a dozen injured when shots were fired during a protest by farmers in Mandsaur district of Madhya Pradesh on Tuesday. Curfew has been clamped in Mandsaur and Pipliamandi and internet connectivity has been severed. The death toll, it is feared, may rise. The farmers were demanding that the government grant them a loan waiver and set a minimum...
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