-The Hindu Small farmers are getting only 30-40% of Loans meant for the sector, says RBI report New Delhi: The small and marginal farmers are missing out on the bulk of agricultural credit, as per information provided by the Reserve Bank of India, which showed they are receiving only 30-40% of Loans meant for the sector. As per a report submitted by the RBI to the Parliamentary Standing Committee on Agriculture in response...

-Hindustan Times Government’s decision is aimed to cut dependence of small and marginal farmers on usurious informal private lenders. The government has streamlined lending norms in schemes such as the Kisan Credit Card to boost institutional credit flow to small and marginal farmers who make up over 90% of people engaged in agriculture and, as a class, are highly vulnerable to risks. The aim is to cut their dependence on usurious...

-The Telegraph Washington: The Supreme Court of America on Monday agreed to consider reviving a lawsuit by Indian villagers seeking to hold a Washington-based international financial institution responsible for widespread environmental damage they blame on a power plant it financed. The justices will hear an appeal by the villagers of a lower court ruling that the International Finance Corp (IFC) was immune from such lawsuits under federal law. IFC, part of the World...

-The Indian Express Among private banks, ICICI Bank, whose MD and CEO Chanda Kochhar is facing allegations of conflict of interest while sanctioning Loans to the Videocon Group, topped the NPA table with Rs 54,063 crore in bad  Loans. Mumbai: Data over the last five years shows that private banks have been steadily accumulating bad Loans, with a 450 per cent rise in gross Non-Performing Assets (NPAs) of these banks — from...

The present NDA government led by the BJP at the Centre came to power in 2014 on the planks of development and anti-corruption. However, contrary to PM Narendra Modi's slogan of 'Na Khaunga, Na Khaane Doonga' (meaning ‘would not take bribes, nor would let anyone accept bribe’), a new report by the Delhi-based Centre for Media Studies (CMS) shows that almost three-fourth of Indian households think that the level of...