-PTI The decision was taken by a consortium of banks which held a meeting in New Delhi. Some thirty odd bankers led by State Bank of India, which are staring at heavy losses to the tune of Rs 12,000 crore from the unfolding food scam in Punjab, on Monday discussed all options, including to stop lending to the state government. The decision was taken by a consortium of banks which held a meeting...
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Grain vanishes from Punjab godowns; may burn Rs 12,000-crore hole in bank books -Sangita Mehta & MC Govardhana Rangan
-The Economic Times MUMBAI: The splotch of red ink on bank balance sheets is set to become bigger as a new scandal in the form of disappearing Food stocks in Punjab godowns threatens to burn a Rs 12,000-crore hole in their books and embarrass the Parkash Singh Badal administration. The Reserve Bank of India (RBI) has ordered all banks with exposure to the Punjab government's food borrowing programme to provide for potential...
More »Open an app, store blood -KM Rakesh
-The Telegraph Bangalore: A mobile app that enables donors to save blood for future use by maintaining accounts was launched today by an ad agency that has joined hands with the Indian Red Cross Society's Karnataka branch. Possibly the world's first such project, an app called Blood Banking on iOS and Android platforms was launched with an eye on the younger generation that is more attuned to smart technologies for anything from...
More »Hunger games in West Bengal elections -Aniruddha Ghosal
-The Indian Express The reasons for TMC's confidence that their 'rice politics' in the state will surmount all other criticism are rooted firmly in history. It is hunger that dominates discussions about elections in West Bengal. Starvation doesn’t need to be imagined in Bengal, it’s not a distant memory — the word still conjures up images of gaunt ribs, filthy rags and lethargic limbs with unnerving clarity. The reasons for TMC’s confidence...
More »Famine-hit Bundelkhand in distress; chapati-salt becomes the staple food -Rupashree Nanda
-CNN-IBN It's lunch time in Bundelkhand's Gudrampur village. Shyama knows the four hungry children waiting patiently will soon be restless. She is glad her sister-in-law Chunni Bai is helping. She is expecting her third child and pregnancy makes her tire easily. In the ninth month now, it's impossible to trek the 10 km circuit to collect firewood from Kadhaili and then sell it at the Fateganj market. She would make Rs 25...
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