-Down to Earth Funds allocated in July for diesel subsidy haven't reached many farmers yet; irrigation projects needed, say locals The agriculture department of the Bihar government has allocated Rs 100 crore in diesel subsidy October 14, 2022 to help distressed farmers get diesel subsidy. The plan announced in a public address by the newly appointed agriculture minister of the state, Kumar Sarvajeet, is in line with the state’s action plan to help...
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With Demand for MGNREGA Work Increasing in Sept 2022, Activists Warn About Rural Distress -Ronak Chhabra
-Newsclick.in As per the data, the September demand – which was 16.7 million under the household segment and 20.2 million when it comes to individuals – remained higher than the pre-COVID levels, even as the figures for the same month are lower than last year. New Delhi: The marginal increase in demand for work under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) in September points towards a “much greater level...
More »Public sector banks have ensured financial inclusion, finds a new empirical study
Are public sector banks (PSBs) important for the economy? Have the PSBs served the purpose for which they were created? Could the PSBs compete efficiently against the private sector banks (PVBs)? These are some of the questions, which have been answered by a chapter in the RBI Bulletin's August edition. Efficiency of PSBs Co-authored by Snehal S Herwadkar, Sonali Goel, and Rishuka Bansal (2022) of the Banking Research Division, Reserve Bank of...
More »Rupee Co-operative Bank’s collapse leaves many depositors in distress -Siddhi Nayak
-Moneycontrol.com Rupee Co-operative Bank's depositors are dealing with financial hardships and navigating family emergencies as they struggle to access their own money In the 1990s, Virendra Kumar Joping’s father, a small-time carpenter, came to Pune from Rajasthan to earn a living. Over the years, he saved his hard-earned money by opening a fixed deposit in Rupee Co-operative Bank. Rupee Co-operative Bank was among the trusted names in Pune. Little did the Joping family...
More »3-day MGNREGA dharna concludes today after highlighting the demands of the workers to the media & policymakers
-Press note by NREGA Sangharsh Morcha dated August 4, 2022 On the final day of the 3-day dharna, despite heavy rains, hundreds of mazdoors from 15 states stayed on at Jantar Mantar to continue raising their voices. Currently, 14 states are running a negative balance on NREGA funds, and 64 percent of the budget for this financial has already been spent. More than Rs. 6800 crores are due in wages to...
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