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Stop chasing profits at customers' expense, RBI Deputy Governor tells MFIs

-The Hindu The RBI deputy governor reminded the industry that their customers often have lower level of financial awareness and literacy and ‘are often too desperate to turn away any source of credit’. Micro-finance lenders must refrain from chasing profits and introspect on the ‘negative consequences’ of pushing their borrowers into a debt trap, using harsh recovery practices and harassing customers as this could undo the sector’s progress, a top central banker...

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Dainik Bhaskar wins Prem Bhatia Award for its coverage of under-reporting of Covid deaths

-Newslaundry.com Vaishnavi Rathore of digital magazine Bastian also won the award for reporting on environmental and development issues. Dainik Bhaskar won the Prem Bhatia Awards for outstanding political reporting for this year, for their coverage of under-reporting of Covid deaths across the country, as per a press release shared by the daily’s journalist. The award was given to the Dainik Bhaskar team of reporters for their coverage of the underreporting of Covid deaths...

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Hungry Nation: Govt Outrage About Global Ranking Cannot Hide Distress In Indian Homes -Kavitha Iyer

-Article-14.com The government has rubbished the 2021 Global Hunger Index report saying it does not reflect reality. But the reality is worse because it reflects India’s own pre-Covid data. Current estimates of foodgrain to various welfare programmes reveal serious under-nutrition and wide gaps in safety nets for poor. Mumbai: Jolted by the overnight choking of all sources of income for her household with the imposition of a nationwide lockdown on 23 March...

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Notes from Jaipur on How School Closures Impacted Children from Marginalised Communities -Mohit Verma and Navya Poonia

-TheWire.in A survey carried out in Jaipur's Kathputli Nagar Basti and Hathroi areas has revealed that several children completely forgot what they had learnt before the lockdown was imposed due to COVID-19. India has experienced one of the longest school closures in the world, an average of 69 weeks across states, leaving millions of school children without any support. Since then, all discussions and debates around the opening of schools have remained...

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Satellite images show how Hyderabad lakes have shrunk by upto 83% since 1967 -Nitin B

-TheNewsMinute.com TNM looks at five water bodies in Hyderabad — Durgam Cheruvu, Gurram Cheruvu, Mir Alam Tank, Shah Hatim talab and the Ramanthapur Cheruvu and how they have shrunk over the years. This story is among several stories from TNM that will highlight the inundation, flooding and other consequences of heavy rains in Hyderabad. TNM hopes to draw attention to these issues, which have now become perennial in many areas of the...

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