Paytm's founder Vijay Shekhar Sharma was in the news recently for signing a deal to purchase a Rs. 82 crore worth property in Lutyens’ Delhi. He is credited with the growth of Paytm's mobile wallet services, which is currently being used by over 220 million users across the country. Although Paytm was launched in 2010, the popularity of its mobile wallet services and payment gateway among the ordinary citizens grew...
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In putting Nikhil Dey in jail, we are crucifying our best -Shailesh Gandhi
-Governance Now ‘They can’t convict Kalmadi, Vadra, Lalit Modi, Mallya; but will convict transparency advocates’ I am reminded of what my teacher had told me in school: “When a society wishes to blatantly show how unjust it can be, it will crucify the best.” On June 13 when I heard about the conviction of four of the nation’s transparency champions who have given their entire lives to promoting transparency and empowering the...
More »Loan waiver necessary, but alternative farm practices the need of the hour: Desarda -Veydaant Khanna
-The Hindu Economist suggests implementation of a radical form of and distribution and ‘low external input sustainable agriculture’ system Mumbai: Economist and former member of Maharashtra State Planning Board H.M. Desarda, on Tuesday termed the recently announced farm loan waiver by the State government as a necessary but not sufficient condition to deal with the problems related to agriculture. Prof. Desarda linked today’s problems in agriculture to ecology and traced their origins to...
More »Why are farmers up in arms? Here's a quick primer to a deepening crisis
-The Economic Times NEW DELHI: Farmers protesting in Madhya Pradesh and Maharashtra demand better prices for their produce and loan waivers. But low prices and loans are not the real problems. These are mere symptoms of structural problems which cannot be solved by temporary measures such as a loan waiver. "While such turmoil appears to have immediate causes, their sources are rooted in problems that lie deeper," says Prakash Bakshi, a former...
More »Cabinet clears 5% interest subvention for crop loans
-The Hindu Scheme will continue for one year, be overseen by NABARD Amid growing protests over farm sector distress, the Cabinet has approved the extension of the interest subvention scheme for farmers to 2017-18. Short-term crop loans up to Rs. 3 lakh will receive a subvention of 5%, effectively reducing the rate for farmers to 4%. The government has earmarked a sum of Rs. 20,339 crore for this. The interest subvention scheme will...
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