-The Hindu RBI told banks that they could shift the repayment schedule for loans and the residual tenor across the board by three months after the moratorium period. Banks which give borrowers a three-month moratorium on repayment of loans will continue to charge interest on the outstanding portion of the loans during this window period, the Reserve Bank of India clarified on Friday evening. The 3-month moratorium on repayment of loans - INCluding...
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As mandis get shut, here are five ways the government can help farmers cope -Rajalakshmi Nirmal
-The Hindu Business Line Encouraging farmers to hedge through futures and INCreased use of WDRA warehouses are among key options With the nationwide lockdown to control the spread of Covid-19, mandis where farmers sell their harvest have also been closed. Across the country, the harvest of several crops INCluding wheat, mustard, chana and coriander has started and farmers are sitting on truckloads of grains and pulses. In the kharif season, many farmers lost...
More »Nirmala Sitharaman announces Rs. 1.70 lakh crore package for poor
-The Hindu Finance Minister Nirmala Sitharaman on Thursday announced a Rs. 1.70 lakh crore package which is likely to benefit 80 crore people. In her second media conference in a week, Ms. Sitharaman announced a slew of welfare decisions as the nation is under lockdown due to COVID-19 pandemic. Here are the highlights from her speech: * The Finance Minister announced ₹1.70 lakh crore package Pradhan Mantri Gareeb Kalyan Yojana, targetting 80 crore people. *...
More »Migrant labourers go jobless with coronavirus lockdown across India -Ritwika Mitra
-The New Indian Express Being jobless and stranded, migrants workers are not only struggling to make ends meet but are now also fighting a stigma as 'virus' carriers. New Delhi: On Monday night, 23-year-old Mahesh Damor, along with five other migrant workers, realised they have no source of INCome to rely on in Gujarat’s Surat. So they decided to walk - over 300 km from Surat to his village in Jhalod taluka in...
More »FM’s announcement of Rs 1.7 lakh crore in the wake of COVID-19, is less than half of the Rs. 3.75 lakh crores required to fulfill the minimal “emergency measures”, convey concerned citizens & grassroots activists
-Press releases by NREGA Sangharsh Morcha dated 26th March, 2020 Civil society activists and concerned citizens have responded to the emergency measures that were announced by the Finance Minister on 26th March, 2020 for the poor, the vulnerable and the migrant & informal workers. An open letter by NREGA Sangharsh Morcha -- an umbrella organisation of CSOs and social activists working for the unorganised sector and MGNREGA workers -- has been issued...
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