-ThePrint.in RBI data shows a sharp increase in households borrowing against gold. Other indicators also show higher borrowing. More credit is fine, but vaccination needs priority. The second wave of the Covid-19 pandemic and the ensuing lockdown has hit household incomes sharply. Households have survived to a large extent by borrowing. The Reserve Bank of India (RBI) data shows a sharp increase in households borrowing against gold. In addition to borrowing from the...
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Telangana is Proof Farm Loan Waivers Aren't a Long-Term Solution -Siraj Hussain
-TheWire.in The government has to evolve policies suitable to a particular state and fine-tune them according to local needs. ‘Nothing succeeds like success,’ first written by Sir Arthur Helps in Realmah in 1868, is going to guide political parties while they draft manifestos for the next parliamentary election. It seems that the Rythu Bandhu (RB) scheme – also known as the Telangana model of direct investment support (DIS) to farmers – has...
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...
More »How loan sharks pull poor farmers into a debt trap -Naheed Ataulla & Anand J
-The Times of India As crops fail, banks don't deliver and the government falters, Mandya's farmers find themselves at the mercy of unscrupulous moneylenders Chenne Gowda has a Rs. 4 lakh albatross around his neck. The 55-year-old sugarcane farmer from Chikka maralli village in Pan davapura taluk, Mandya district, took the loan from private moneylenders but has no idea how he'll repay. His crop, on two acres, is wilting in the field...
More »Mayawati's wealth doubled to Rs 111.64 crore during her term as chief minister by Ashish Tripathi
Bahujan Samaj Party (BSP) president Mayawati's assets doubled to Rs. 111.64 crores (approx. $22 million) during her term as chief minister of Uttar Pradesh. In her affidavit filed along with the nomination for the Rajya Sabha (upper house of Parliament) elections on Tuesday, Mayawati has declared total assets of Rs 111.64 crore, which is more than double of Rs. 52 crore she declared in May 2007 when she contested for the...
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