Bhopal: Just before the formation of new government in Madhya Pradesh, the debt-ridden state government led by acting Chief Minister Shivraj Singh Chauhan has decided to take a loan of 800 crore rupees from Reserve Bank of India. State Congress leadership has immediately questioned the government move and stated that[Read More…]
Tag: Loan
Karnataka maiden budget highlights: Hike in petrol price, major focus on loan waiver
Karnataka Chief Minister H D Kumaraswamy announced a number of populist schemes including huge farm loan waivers to the tune of Rs 2 lakh while presenting his maiden budget on Thursday July 5, in Vidhana Soudha in Bengaluru. The budget proposes formation of a farmer’s consultation committee comprising of progressive farmers. CM Kumaraswamy[Read More…]
Won’t be shy to expose govt if it doesn’t implement loan waiver: Uddhav Thackeray
On Sunday, Shiv Sena chief Uddhav Thackeray said that his party would not shy away from “exposing” the BJP-led Maharashtra government if it fails to execute the loan waiver scheme properly. Thackeray, whose party is also a part of the ruling coalition in the state, claimed his outfit was the[Read More…]
Studies suggest that farmers use 30% share of loans on domestic needs
According to a recent study, farmers in Punjab who are barely managing their expenses, have been spending around 30% share of their total debt towards meeting their domestic needs, like maintaining families, repairing houses, on health, education and socio-religious purposes. Professors of Punjabi University Patiala conducted the survey which was[Read More…]
Mumbai: Call centre asks nude pictures in name of loan exposed
A call centre, which duped thousands of US citizens, has been exposed by the Thane crime branch in Ambernath. The call centres were intervened during the night of June 8 and 9. Eventually, it was found that they fooled customers in name of easy loans. The BPO, Rackon enterprise was[Read More…]
Captain Amarinder Singh likely to waive farmers’ loan
Punjab government led by Capt Amarinder Singh is likely to include the much-awaited debt relief for farmers in the budget proposals. It is expected to be announced towards the end of this month. According to the sources, the government, with the help of a group of experts, is working on[Read More…]
Deadlock over loan waiver continues in Maharashtra
The disagreement between the state government and the Opposition over loan contract led to the suspension of the state legislative assembly and the council for the fourth consecutive day on Friday. The Opposition leader in the Assembly, Radhakrishna Vikhe-Patil, and Dhananjay Munde of the council led the Congress and the[Read More…]
CBI files chargesheet against Vijay Mallya and 11 others in IDBI loan default case
80% farmers suicide due to debt and loans from banks
Latest government data shows that 80 per cent of farmers killed themselves in 2015 because of bankruptcy or debts after taking hefty amount of loans from banks and registered microfinance institutions. Despite us thinking the money-lenders a big reason for the suicides, moneylenders are more flexible than the microfinance sector.[Read More…]
Eight year old repays loan taken by his dead mother
At a time when cases related to judicial delays and logjams paint a macabre picture of Indian Judiciary, this Bihar Lok Adalat stands out for its humane gesture. A local court in Bihar waived off a decade old loan taken by a woman whose eight-year-old son came to repay it[Read More…]