Kerala to object state banker’s committee’s recovery procedures on farmer loans

Agencies
June 24, 2019

Kochi, Jun 24: An advertisement from the State Level Banker's Committee (SLBC) that appeared in leading dailies in Kerala on Sunday has upset the government as it stated that recovery procedures on farmers loans will go ahead on defaulters.

Speaking to the media in Thiruvananthapuram, State Finance Minister Thomas Issac said this issue will be taken up strongly at the upcoming SLBC meeting to be held here on June 25.

"They have written off Rs 5 lakh crore of outstanding amount of the corporates, but have come out with rules against the farmers and are threatening with recovery procedures. It's not right to say that only paddy cultivation is classified under agricultural loans. If agricultural land means only paddy fields, then in Kerala it's just 15 per cent. We will raise this issue at the SLBC meeting very strongly," said Issac.

In 2019 alone, about two dozen farmers committed suicide after the banks strictly went ahead with recovery procedures even after the government had announced that due to the piquant situations faced by the state in terms of the worst ever floods last year, all loans taken by the farmers would get a moratorium till December 31, 2019.

At the SLBC Sub Committee on Natural Calamity (2018), one of the decisions taken was with regard to providing moratorium on agricultural loans and loans to those borrowers whose income is largely from agriculture and allied activities. The committee clarified that banks may permit moratorium to those loans pertaining to flood affected villages notified by the government, subject to the permission from the Reserve Bank of India (RBI).

However, in the advertisement, the SLBC said the RBI guidelines have to be followed by all banks and the moratorium ends on July 31.

State Agricultural Minister V.S. Sunil Kumar said the state government will take up this issue with the Centre.

"We will meet the RBI officials on this and at Tuesday's meeting of SLBC, this is going to be taken up seriously. They now say that the moratorium ends on July 31, which is wrong. In fact, banks do have the right to extend the moratorium," said Kumar.

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News Network
April 18,2020

New Delhi, Apr 18: With 957 new cases of COVID-19 in the last 24 hours and 36 deaths, India's total count of coronavirus cases has surged to 14,792, said the Union Ministry of Health and Family Welfare on Saturday.

The total cases are inclusive of 2,014 cured and discharged patients, one migrated and 488 deaths. At present, there are 12,289 active COVID-19 cases in the country.

Lav Aggarwal, Joint Secretary, Ministry of Health and Family Welfare said that mortality rate due to COVID-19 in our country is around 3.3 per cent.

"An age-wise analysis will tell you that 14.4 per cent of deaths have been reported in the age group of 0-45 years. Between 45-60 years it is 10.3 percent, between 60-75 years it is 33.1 percent and for 75 years, and above it is 42.2 percent," Aggarwal said at a press conference here.

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Agencies
June 2,2020

Lucknow, Jun 2: Bahujan Samaj Party chief Mayawati on Tuesday said protests in the US after the death of George Floyd, an African-American man, is a clear message to the world that a common man's life has value.

She said this is also guaranteed by the India Constitution, but the governments don't follow it, resulting in the current plight of migrants workers.

Floyd, a 46-year-old restaurant worker from Houston, died in Minneapolis on Monday after a white police officer pinned him to the ground. Video footage showed the officer kneeling on Floyd's neck as he gasped for breath, sparking widespread protests across the US.

"Floyd's killing by police and the 'Black lives matter' agitation in the US have given a clear message to the world that a common man's life has value and it should not be taken for granted," Mayawati said in a tweet in Hindi.

"India's constitution guarantees independence, security, self-respect and pride and governments should give special attention to it. If it was followed, crores of migrants labourers would not have to witness such bad days," she added.

She also demanded better coordination between states to check the spread of coronavirus and said Centre should intervene.

"While coronavirus patients are rising, there is lack of coordination between states and with the Centre, and allegation and counter-allegations are going on and sealing of state borders is unjustified and it is weakening the fight against the virus.  The Centre should intervene," she said in a separate tweet.

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News Network
May 22,2020

Bengaluru, May 22: Amazon.com Inc’s India unit said it would hire 50,000 temporary workers to meet a surge in online shopping in the country, where customers have been stuck indoors for two months in a lockdown to fight the coronavirus outbreak.

E-commerce firms faced massive disruption in the initial days of the lockdown in India, but a slow easing of the stringent regulations has allowed them to resume large parts of their operations.

"We want to continue helping customers all over India get everything they need so they can continue to practice social distancing," Amazon senior executive Akhil Saxena said in a statement on the company's blog. (bit.ly/2A1Wv7O)

“(The move) will also keep as many people as possible working during this pandemic while providing a safe work environment for them,” said Saxena, Amazon’s VP for customer fulfillment operations in APAC, MENA & Latam.

The temporary hires will work in Amazon’s fulfillment centers and as part of its delivery network, the company said, making the announcement at a time when various other companies in the country have been forced to cut jobs as they try to tide over the health crisis.

Amazon itself has pushed its annual global Prime Day event, traditionally a summer affair, to September, the Wall Street Journal reported on Thursday.

In India, where the Jeff Bezos-led company faces stiff competition from Walmart Inc’s Flipkart, Amazon earlier said it plans to create 1 million jobs by 2025.

The company also said on Thursday it plans to enter the food delivery business in India, pitting itself against well-established startups such as Swiggy and Zomato.

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