-The Indian Express Agriculture cannot survive without them. But they are invisible in the current conversation on the agrarian crisis An ex-company executive-cum-economist turns to the anchor during a discussion on the farmers’ agitation. “Overpopulation is destroying the farming activity. There are simply too many mouths to feed and the farms are shrinking. We must look to the urban areas for creating new jobs,” he says. The man at the local paan...
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SBI ATM, online, cash transaction fees change from June 1: All you need to know -Ramarko Sengupta
-The Times of India State Bank of India (SBI) has revised service charges on ATM (Automated Teller Machine) withdrawals for users of its mobile app "SBI Mobile Buddy", as well as for various other cash and online transactions, effective from June 1. The country's largest lender will start charging customers Rs 25 per transaction for withdrawing money from an ATM through its mobile wallet app from Thursday. The SBI mobile wallet allows...
More »Bank leash on NGOs
-The Telegraph New Delhi: The Union home ministry has asked nearly 6,000 of the 13,000 registered NGOs in the country receiving foreign donations to open accounts in nationalised banks to facilitate constant surveillance of their activities. The NGOs have accounts in cooperative banks or state-owned banks, which do not have core-banking facilities. "To maintain surveillance on the activities of NGOs receiving foreign funds, the ministry wants all NGOs registered under the Foreign Contribution...
More »Deposit gush: CA Institute bats for special audit -KR Srivats
-The Hindu Business Line Need to assess impact of demonetisation on banks, says ICAI chief Vikamsey New Delhi: The CA Institute has urged the Finance Ministry and the Reserve Bank of India (RBI) to allow its members to undertake focused “special audit” of deposit flows into the banking system during the demonetisation period, which started on November 8 and ended on December 31 last year. There is a need to assess the demonetisation...
More »Tamil Nadu: Lion's share of bank loans against gold, villages fall prey to loan sharks -Arun Janardhanan
-The Indian Express Census data of 2011 shows a 17.74 per cent increase in worker population since 2001, indicating a crucial shift from farms as productivity fell. Thiruvarur: B CHANDIRAN is the only male member below the age of 50 in Dalit-dominated Oradiymbalam Jeeva Nagar village in Nagapattinam district. Hunted by loan sharks, the other men in this village of over 60 families have left, and are now doing menial jobs...
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