-The Hindu Though outlawed in 1976, bonded labour lives and thrives in the State, as highlighted by the Sivaji Ganesan committee. However, the State continues to maintain an Ostrich-like attitude, failing to conduct periodic surveys and implement rehabilitation programmes The State of Karnataka in 2000 woke up to news about a certain medieval-era brutality being committed on bonded labourers, when the Karnataka Rajya Raitha Sangha unearthed the case of five labourers being...
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Banking is a child’s play for these slum kids in Ranchi -Saumya Mishra
-Hindustan Times Ranchi: Bankers come in pint size at an urban slum in Ranchi. And they run a bank for the children, by the children and of the children. Ten-year-old Nisha Kumari has an account in the bank — Children’s Development Khazana (CDK)—which opened in 2014. And her small pleasures of childhood is not held hostage to the priorities of her poor family. “During Durga Puja last year, a few relatives had visited...
More »Karnataka farmer suicide rate hits highest in a decade -Nidheesh MK
-Livemint.com A total of 158 farmers killed themselves in July in the state, bringing this year’s toll of farmer suicides to 197, the most since 2003 Bengaluru: The farmer suicide rate in Karnataka has hit the highest level in a decade, highlighting agrarian distress in the state. A total of 158 farmers killed themselves in July alone in the state, government data showed, bringing this year’s toll of farmer suicides to 197,...
More »A subsidy and some questions
-The Hindu The Central government’s decision this week to extend the interest subvention scheme on bank loans given to land-owning farmers at 7 per cent is essentially a welcome move. This is especially so in a context where there is no real clarity on how the current monsoon will turn out to be, running at a deficit of 7 per cent as it does currently. With an additional subvention component of...
More »Too poor to qualify for loans -Mehboob Jeelani
-The Hindu Banks continue denying loans to low-income groups, insisting on sticking to a standard EMI route even though they are dealing with a complex social issue. In July 2012, Pradeep Kumar, a 36-year-old resident of Ladpur, a shanty town that sits on the north-western periphery of Delhi, applied for an employment loan at the magistrate’s office in Kanjawala district. Under the Pradhan Mantri Rozgar Yojana or PMRY — a funding policy...
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