-The Business Standard Berhampur (Odisha): The expert team of the World Bank and Asian Development Bank (ADB) on Wednesday visited different areas of the cyclone Phailin-hit Ganjam district in Odisha to assess the damage caused due to the calamity. Divided in groups, the 14-member team along with the government officers visited different areas including slum pockets in Berhampur, fishermen and coastal villages in Ganjam, Chhatrapur and Rangeilunda blocks. The team led by the...
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Incentives for Speeding Up SHGs' Formation in Bihar
-Outlook Patna: The Bihar government would bear the interest rate above 7 per cent on loans taken by Self Help Groups (SHGs), Chief Minister Nitish Kumar said today. The SHGs paying loan on time would be given incentive by providing loan at a lower interest rate of 4 per cent, Kumar said addressing a review meeting of "Jeevika" (Bihar state rural livelihood mission) here. Banks are at present providing loan to SHGs at...
More »Clarity on loan waivers
-The Asian Age Reserve Bank deputy governor K.C. Chakraborty has finally set the record straight on what is well known in left-wing development circles: that Corporate India's loans waived by banks are more (over Rs. 1 lakh crore in the past 13 years) than farm loans to the tune of Rs. 60,000 crores written off under the Debt Waiver and Debt Relief Scheme. More revealing is that medium and large units have...
More »Racing Rats or Racing Food-Neha Dixit
-Newsclick.in Caste discrimination percolates down to the food plates for Musahar community in Madhepura district of Bihar reports Neha Dixit "The mahant of the Shankar Math told me to stay away from ultra-Left people the day I questioned the Collector about the hunger deaths in my village," recounts Prabhansh Manjhi. Prabhansh is from the Musahaar community in Madhepura district of Bihar. Estimated to be 2.3 million in the country, they are Mahadalits, one...
More »West Bengal's savings scheme for poor gets RBI nod -Atmadip Ray
-The Economic Times KOLKATA: West Bengal chief minister Mamata Banerjee's plan to start a savings scheme with the aim of protecting the poor from losing their money to deposit schemes that promise high returns will be going ahead with the Reserve Bank of India having cleared the participation of state-run banks in the programme. The state government is to launch the plan on November 6. State-run West Bengal Infrastructure Development Finance Corporation...
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