Citi Centre of Financial Literacy, housed in the SEWA-promoted Indian School of MicroFinance for Women (ISMW), plans to train children in rural areas to open bank accounts across the country. The centre also plans to teach children the fundamentals of saving and the utilisation of financial resources. It aims to collaborate with the Indian Institute of Banking and Finance for this initiative. "We are planning to build a rural cadre of...
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Punjab Dy CM requests RBI Governor to promote debt swap scheme for farmers
The Punjab Government Thursday requested the Reserve Bank of India that it should impress upon Public Sector banks to aggressively promote Agricultural Debt Swap scheme to free the farmers from the clutches of moneylenders. The Punjab Deputy Chief Minister Mr. Sukhbir Singh Badal raised this issue when Dr. D. Subbarao, Governor, RBI today called on him. The Deputy Chief Minister impressed upon the Governor that the Punjab farmers reeling under Rs....
More »RTI Activist's Father Calls For CBI Probe in Son's Murder
Bhikhalal Jethva, father of slain RTI activist Amit Jethva who was shot dead in July, today filed a petition in the Gujarat High Court demanding a probe by CBI or any other independent agency into the death of his son. Bhikhalal, in his petition, has alleged that since BJP MP from Junagadh Dinu Solanki was behind the killing of Jethva and independent and impartial investigation was not being done by the...
More »Pranab Mukherjee invites Mamata Banerjee for talks on Land Acquisition (Amendment) Bill
In an attempt to break the deadlock over the Land Acquisition (Amendment) Bill and the accompanying Resettlement and Rehabilitation Bill, Finance minister Pranab Mukherjee has invited Trinamool Congress chief and railway minister Mamata Banerjee for talks on October 25. Ms Banerjee, who has strong reservations over the twin pieces of legislation, is, as per Trinamool Congress sources, unlikely to relent. Ms Banerjee’s stand is that the state should have absolutely no...
More »Govt May Regulate MFIs
Taking a serious note on the suicides due to the purported harassment or embarrassment caused by the collection agents of Micro Finance Institutions (MFIs), Minister for Rural Development, IKP, Pensions, NREGP and Self-Help Groups, Vatti Vasanth Kumar stated that the government was contemplating making an Act to streamline the operations of MFIs in AP. Talking to media persons in the New Delhi, the minister said that the government would frame rules and...
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