-Livemint.com Banks in Maharashtra have issued only 22% of the kharif season lending target of Rs43,342 crore till 27 June, said an official at the state department of cooperation Mumbai: Farm discontent is raising its head in Maharashtra yet again as banks remain tight-fisted on crop loans at the beginning of the sowing season, cancelling out the benefits of last year’s mega loan waiver. Banks in Maharashtra have issued only 22% of the...
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Aadhaar linking cuts NREGS wage delays, fund transfers double too -Rajeev Deshpande
-The Times of India NEW DELHI: Linkage of MGNREGS accounts with an Aadhaar-linked payment (ALP) system significantly boosted efficiency of wage transfers, doubling funds transferred and increasing work allotted in times of distress as compared to previous years when demand actually dropped during economic stress due to leakage and delays in payments. An Indian School of Business study that examined annual data for blocks which had drought conditions in financial years 2012-2017...
More »Heads of 11-PSBs to appear before the Standing Committee on Finance on Tuesday
-PTI New Delhi: Heads of 11-state owned banks will apprise a parliamentary committee about the problems of mounting bad loans and increasing fraud cases on Tuesday, sources said. They will be appearing before the Standing Committee on Finance, headed by veteran Congress leader M Veerappa Moily, which is looking into ‘Banking Sector in India- Issues, Challenges and the Way Forward, including Non- Performing Assets/ Stressed Assets in Banks/Financial Institutions’. Top officials of IDBI...
More »A long march of the dispossessed to Delhi -P Sainath
-RuralIndiaOnline.org Imagine a democratic protest where a million farmers, labourers and others march to the capital and compel discussion of the exploding crisis of the countryside in a special three-week session of Parliament India’s agrarian crisis has gone beyond the agrarian. It’s a crisis of society. Maybe even a civilizational crisis, with perhaps the largest body of small farmers and labourers on earth fighting to save their livelihoods. The agrarian crisis is no...
More »Government's inaction leading to continuation of starvation deaths in Jharkhand
-Press release by the Right to Food Campaign, dated 21st June, 2018 Over the past ten months, at least 12 persons have succumbed to hunger in Jharkhand. Instead of taking action against functionaries whose lapses have led to these deaths and measures to improve the situation of food security in the state, Jharkhand government has denied hunger as the cause of any of these deaths and absolved itself of any blame....
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