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Banks in Kerala prepone farm loans recovery deadline, state officials to meet RBI Guv

Agencies
July 2, 2019

Kochi, Jul 2: Kerala Agriculture Minister V.S.Sunilkumar will lead a delegation of top state officials to meet Reserve Bank (RBI) Governor Shaktikanta Das on July 10.

Sunilkumar told IANS that the meeting will be a follow-up on an advertisement given by the State Level Banker's Committee (SLBC) in leading dailies last month that announced recovery of loans from farmers from August 1.

"In view of last year's floods, the Centre had announced a moratorium on recovery of farm loans in Kerala till December 31, 2019. Now the SLBC says that the moratorium will end by July 31, which is not acceptable to us. Chief Minister Pinarayi Vijayan and I met with the SLBC to express our disagreement with the change in the deadline. On July 10, we will present our case before the RBI Governor," said Sunilkumar.

"In 2019 alone, about two dozen farmers in Kerala committed suicide after banks went ahead with loan recoveries. From August 1 onwards, most farm loans will turn into non-performing assets if the RBI does not keep its word and maintain a moratorium on loan recoveries till December 31. Hence the RBI Governor must act," said the Minister.

Sunilkumar added that the state government would also recommend to the RBI Governor to prevent misuse of low-interest agriculture gold loans.

"Commercial banks misuse the 4 per cent interest on agriculture gold loans scheme to pass on its benefit to non-farmers for non-agricultural purposes. We propose AGL only to farmers with Kisan Credit Cards (KCC)," added the Minister.

"Also at present, farm loans are provided only for paddy cultivation. We will demand agricultural loans for anyone involved in farming," he said.

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News Network
February 18,2020

Ayodhya, Feb 18: A senior Supreme Court lawyer has written to the Ram temple trust on behalf of a group of Muslims in Ayodhya, asking that five acres of land around the demolished Babri Masjid where a graveyard is situated be spared for the sake of 'sanatan dharma'.

The letter, written by advocate M R Shamshad, is addressed to all 10 trustees of Shri Ram Janmabhoomi Teertha Kshetra.

Shamshad said according to Muslims, there is a graveyard known as 'Ganj Shahidan' around the demolished Babri Masjid where 75 Muslims who lost their lives in the 1885 riots in Ayodhya were buried.

"There is a mention of this in Faizabad Gazetteer also," he said.

"The central government has not considered the issue not using the grave-yard of Muslims for constructing the grand temple of Lord Ram. It has violated 'dharma'," the letter stated.

"In view of religious scriptures of 'sanatan dharma', you need to consider whether the temple of Lord Ram can have foundation on the graves of Muslims? This is a decision that the management of the trust has to take," it said.

"With all humility and respect to Lord Ram, I request you, not to use the land of about four to five acres in which the graves of Muslims are there around the demolished mosque," the letter added.

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Agencies
May 10,2020

New Delhi, May 10: A medium-intensity earthquake of 3.4 magnitude hit Delhi on Sunday.

According to the National Center for Seismology (NCS), the quake occurred at 1.45pm at a depth of five kilometres.

There were no immediate reports of loss of life or property.

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News Network
April 6,2020

New Delhi, April 6: India recorded the highest number of 704 positive cases of coronavirus in the past 24 hours, said the Union Ministry of Health and Family Welfare on Monday.

With these new cases, the total number of COVID-19 positive cases in India have now climbed to 4,281.

Total deaths stand at 111 including 28 new deaths. So far, 318 COVID-19 patients have been cured across the country.

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