-The Hindu Lender cites high bad loans for drastic move in two States; Marathwada, Vidarbha to be impacted Mumbai: In an unusual move, a state-run lender, Bank of Maharashtra, has decided not to extend loans in eight zones in Maharashtra and Madhya Pradesh that include Aurangabad, Latur, Akola, and Amravati, which are hit by drought. The bank cited high bad loans from agricultural advances in the branches of these zones for the decision....
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Public sector banks' long-term strategy on Jan Dhan begins to pay off -TCA Sharad Raghavan
-The Hindu Total deposits in the last three years have grown by over 2.5 times to Rs. 98,400 cr. Public sector banks stand to earn as much as Rs.5,000 crore due to the increasing quantum of deposits placed in Jan Dhan accounts, and can vastly monetise this resource once they start implementing advanced analytics and begin lending to these customers, according to industry players and analysts. Over the last three years, the number...
More »Manohar Lal Khattar fulfilled only 30% of his promises in 4 years: RTI
-The Times of India GURUGRAM (Haryana): In four years since he has been the chief minister of Haryana, Manohar Lal Khattar has made 7,306 public announcements about development works in the state between November 2014 and November 2018, out of which 2,113 (29.82%) have been fulfilled. This was revealed by the government in a reply to an RTI filed by a city-based NGO. Other revelations include the number of announcements that cannot...
More »From Plate to Plough: Cow and cane -Ashok Gulati
-The Indian Express Farm distress, particularly the stray cattle menace and the crisis in livestock sector, and mounting sugarcane arrears could dampen the BJP’s performance in UP. If one wants to know the quality of our evolving democracy, one must watch the ongoing election campaign in India. It is great fun too. And nothing is more interesting than tracking it in Uttar Pradesh (UP), where the real political battle is being...
More »MNREGA job spike to take some load off Congress in Rajasthan -Shalini Nair
-The Indian Express At Rs 199 a day, the Central government-notified MGNREGA wage rate for Rajasthan is Rs 26 less than the state’s minimum wage. Banswara, Bhilwara, Jaipur, Udaipur (Rajasthan): For four years, Pista Sargara (55), a long-standing job card holder under the MGNREGA, approached her panchayat office in Bhilwara Lok Sabha constituency desperate for any work under the scheme. She was turned away each time. The turnaround came in January...
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