-Hindustan Times Fatehgarh Sahib: He owns four acres of land, farms 20 acres more on lease, and has a debt of Rs 10 lakh. Gurmukh Singh, 44, is one of better-to-do farmers of Pandrali, a quiet, well-groomed village in Fatehgarh Sahib district with several newly-built houses, smooth streets and girls on scooters. It’s a picture that could well be captioned ‘prosperous Punjab’. But the genteel façade hides the struggles of the...
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Industry, not farm loans, responsible for majority of NPAs: report -Beena Parmar
-MoneyControl.com As per data from 2011 to 2016, the agriculture loan NPAs stood between 4-6 percent while the industry NPAs have consistently increased sharply from nearly 3 percent to 12 percent in 2016. Despite criticism on farm loan waivers, a data study shows that the increase in non-performing assets (NPAs) is contributed more by the industry than the agriculture sector. According to a study report by Anand Rathi, in terms of contribution to...
More »Half of Delhi's 1,000 water bodies vanished due to garbage dumping, encroachments -Joydeep Thakur
-Hindustan Times Delhi relies heavily on the polluted Yamuna, neighbouring Haryana for its water supply. The groundwater table is also fast depleting. Natural and artificial water bodies in the city are being targeted by land sharks as well as local residents who have turned them into garbage dumps. New Delhi: More than half of Delhi’s 1000 water bodies have either dried up, encroached upon or acquired for infrastructure development. That is...
More »Paint 'I Am Poor' on Your Walls, Rajasthan Government Tells BPL Families
-TheWire.in Unable to fix its public distribution system, the state government humiliates the poor by marking their houses. New Delhi: From being in denial over violence in her state to allegedly ‘using an army of paid trolls’ to defend herself on Twitter, Rajasthan chief minister Vasundhara Raje has been making headlines for all the wrong reasons in the past few weeks. This latest news from Dausa district will not exactly help Raje’s...
More »Government Allows Co-Operative Banks To Deposit Old Notes With RBI -Abhishek Vasudev
-NDTV Profit The relaxation comes against the backdrop of reports that many district co-operative banks did not have enough cash to disburse to farmers. The Finance Ministry on Tuesday allowed banks, post offices and district central cooperative banks to deposit the scrapped Rs. 500 and 1,000 rupee notes with the Reserve Bank of India within 30 days and exchange the value of notes deposit with the new notes. In an official notification...
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