-The Hindu Business Line More farmers are coming together but are unclear about how to leverage farmer producer organisations to boost their income Over 180 farmer producer organisations(FPOs) are either in the process of registration or have started functioning in Beed district of Maharashtra. More farmers are joining hands to form FPOs under the Central government’s scheme to promote farmer collectives. However, most of these companies are in the dark about how...
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Delhi HC slams Centre, RBI for inaction on usurious mobile vendors
-The Hindu RBI said it regulates banks and non-banking finance companies and it does not regulate online lending platform The Delhi High Court on Tuesday observed that online lending platforms, offering short-term personal loans through mobile apps, cannot be allowed to charge exorbitant interest and Processing fees. “Rate of interest should not be exorbitant. Just look at the difficulties. An expert body is required. If you people are so slow in taking action,...
More »Is ethanol blending in petrol really green? -Jasleen Bhatti
-Down to Earth Aggressive sugarcane farming contaminates land, water The Union government intends to increase the amount of ethanol in the energy mix to lower the country’s dependence on imported oil and carbon footprint, as well as stabilise petrol prices. India currently blends about 8.5 per cent ethanol in petrol. The government is targeting a 10 per cent ethanol blend by 2022 and a 20 per cent blend (E20) by 2025. E20 can save...
More »Buxwaha diamond mining project will make Bundelkhand’s water scarcity worse: Experts -Tejprakash Bhardwaj
-Down to Earth The water requirement for the Bunder mine and ore Processing plant is about 5.9 million cubic meters in a year The proposed diamond mine in the Buxwaha protected forest region in Chhatarpur district of Madhya Pradesh may have a greater ecological impact on the region than projected so far. The project threatens to further deplete the already scarce water reserve of the drought-prone Bundelkhand region to excavate about five million...
More »Chinese loan apps misuse KYC details of Indians to set up fake bank accounts -Mithun MK
-TheNewsMinute.com There have been cases of people saying that their KYC details, which were shared with the Chinese loan apps, were used to open bank and crypto exchange accounts in their names, without consent. Shonali*, a 48-year-old lecturer from West Bengal was laid off from a private university in March 2020. The lecturer, facing financial stress, turned to Chinese-owned instant loan applications that provide microloans without collateral, but at high-interest rates. Shonali...
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