Nationalised banks and regional rural banks conceded to chief minister Prithviraj Chavan's demand for appointing operational credit societies and other institutions as bank business correspondents
Mumbai: To facilitate flow of pre-monsoon credit to farmers in seven districts in Maharashtra where district co-operatives are not operational, commercial banks conceded the state's demand for appointing credit societies as business correspondents, reports PTI.
Six district central co-operative (DCC) banks affiliated to the Maharashtra State Co-operative Bank were prohibited by the Reserve Bank of India (RBI) from doing business as their net worth went negative earlier this year.
Following the restrictions, farmers of these districts are finding it hard to access credit ahead of sowing for kharif season and there were apprehensions that they would go to private moneylenders.
The prohibited banks include those in Dhule, Nandurbar, Nagpur, Wardha, Osmanabad and Buldhana districts which used to serve seven districts.
To overcome the difficulties, nationalised banks and regional rural banks (which are sponsored by nationalised banks) conceded to chief minister Prithviraj Chavan's demand for appointing operational credit societies and other institutions as business correspondents, a press note released here said.
The decision was taken at the state-level banking committee meeting here today which was attended by representatives from the RBI, top officials of nationalised banks and the chief minister himself.
A total of Rs750 crore has been disbursed to four lakh farmers in the affected districts while Rs500 crore more is yet to be disbursed, the press note said.
At the meeting, Mr Chavan asked the Maharashtra State Co-operative Bank to take lead in facilitating flow of these funds by helping the nationalised banks and RRBs, the statement said.
Maharashtra has targeted a disbursal of Rs24,629 crore towards crop loans this fiscal, the statement said, adding the share of commercial banks has grown up to 55%.
Although SEBI has remained silent about bribery charges against its staff, it is time the...
Google said like India, content removal requests doubled from the US in the second half of last year as Ukraine, Jordon and Bolivia showed up for the first time on the list of countries out to have materials removed
New York: Internet search giant Google has reported a sharp rise of 49% in online content censorship from India as it said the trend of blockage were increasing from governments round the world, more surprisingly from Western democracies, reports PTI.
Google Inc said it had received more than 1,000 requests from governments around the world in the second half of last year to take down items such as YouTube videos and search listings, and it complied with them more than half the time.
The Internet giant said political comments were a prime target as the number of requests for the company to remove content from the reach of Internet users jumped manifold.
"We noticed that government agencies from different countries would ask us to remove political content that the users had posted," a top Google official said.
He said the number of content removal requests received by Google in India was 49% higher in the second half of last year than in the first six months.
But the requests made by New Delhi were not released in the company's transparency report made public yesterday.
Google reported that it went along slightly more than half of the approximately 1,000 requests it received to remove material or links.
The Google report does not provide insights from countries such as China, where tight Internet controls allow blocking of content.
The net blockage request from governments ranged from satires on military Generals in Pakistan, request from UK police officers to terminate six YouTube videos for terror contents and SOS for removal of as many as 149 videos for allegedly insulting the monarchy in Thailand.
Google said Pakistan's Ministry of Information of Technology asked it to remove six YouTube videos that satirised the country's military and senior politicians. "We did not comply with the request," it said.
A company top official said that the prime request from the governments were mostly to take down political speech.
"It's alarming not only because free expression is at risk, but because some of these requests come from countries you might not suspect - Western democracies not typically associated with censorship."
Like India, content removal requests doubled from the US in the second half of last year as Ukraine, Jordon and Bolivia showed up for the first time on the list of countries out to have materials removed.
From political to terror inspirations, Google said that requests at times became ludicrous as Canadian officials wanted removal from YouTube of pictures of a citizen peeing on his passport and flushing it down a toilet.
Releasing the transparency report, Google said it hoped to continue to contribute to the public debate about how government behaviours are shaping our web.
Overall, the firm said it had received 461 court orders covering a total of 6,989 items between July and December 2011. It said it had complied with 68% of the orders.
The company said it had received a further 546 informal requests covering 4,925 items, of which it had agreed to 43% of the cases.