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| Jaya wishes Vajpayee speedy recovery CHENNAI, June 8: Tamil Nadu Chief Minister J Jayalalitha has conveyed her best wishes to Prime....more 3 gangsters killed MUMBAI, June 8: Three gangsters belonging to the Chotta Rajan Gang were killed in a police....more Shahi Imam hails NEW DELHI, June 8: The Shahi Imam of the historic Jama Masjid here today welcomed Pakistan .....more Veteran Doon journalist DEHRA DUN, June 8: Nearly four decades after his death, old timers of Doon still remember late......more |
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Opposition puts
up Sivakumar as Speaker PONDICHERRY, June 8: The opposition National Democratic Alliance in Pondicherry today an....more HC tells police not MUMBAI, June 8: The Mumbai High Court today directed police not to arrest until June 15 former ....more SHG concept yet to LUCKNOW, June 8: With the Uttar Pradesh Government not declaring micro-credit a state policy....more Preliminary NEW DELHI, June 8: CBI has registered a Preliminary Enquiry (PE) against suspended Managing ......more |
Jaya wishes Vajpayee speedy recovery CHENNAI, June 8: Tamil Nadu Chief Minister J Jayalalitha has conveyed her best wishes to Prime Minister A B Vajpayee for a speedy recovery after his successful knee surgery yesterday. In her message to the Prime Minister, she said "I hope you will be back in your busy schedule very soon and carry on your service to the nation with renewed vigour." (UNI) |
3 gangsters killed in encounter MUMBAI, June 8: Three gangsters belonging to the Chotta Rajan Gang were killed in a police encounter at Worli in Central Mumbai last night, and arms recovered. On receiving information that the trio were to kill businessmen who refused to pay extortion money, police kept a watch. On their arrival, the gangsters were asked to surrender, but fired at the police. In retaliatory action, the three sustained grievous injuries. The criminals were rushed to the Poddar Hospital, where they were declared dead before admission. Shivkumar alias Bappa Naidu (28), Rakesh alias Rakya Shinde (28) and Jagannath alias Jaggu Munde (26) were wanted for several serious offences. Two country-made revolvers, one .32 bore revolver besides cartridges were recovered. (UNI) |
Shahi Imam hails Musharrafs remarks NEW DELHI, June 8: The Shahi Imam of the historic Jama Masjid here today welcomed Pakistan Chief Executive Gen. Pervez Musharrafs condemnation of "Jehadi" organisations anti-India statements and appealed to Prime Minister Atal Behari Vajpayee to check communal groups speaking against Pakistan and Indian Muslims. Stating that violence created more violence and war was not the solution to any dispute, Shahi Imam Syed Ahmed Bukhari said the time had come for sincere and responsible persons in India and Pakistan to come forward and ponder honestly over how to take the sub-continent towards progress and prosperity. The Shahi Imam, who met Gen. Musharraf in Islamabad last month, appealed to Prime Minister Vajpayee to check communal organisations which were always issuing statements against Pakistan and Indian Muslims. Hailing the recent efforts to resolve the Kashmir problem, the Shahi Imam said these would succeed only if both sides adopted a flexible approach, keeping ground realities in mind. Stating that Indian Muslims had a higher stake in the betterment of Indo-Pak relations, Syed Bukhari said the community welcomed any move for improving bilateral ties. The Shahi Imam, along with Prof. Akhtarul Wassey. Dirctor, Zakir Hussain Institute of Islamic Studies, Jamila Milia Islamia and Mr Rahat Mahmood Choudhary, member, Maulana Azad Education Foundation, visited Pakistan last month to promote efforts towards durable peace and friendship in the sub-continent. (UNI) |
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SHG concept yet to benefit rural people of UP LUCKNOW, June 8: With the Uttar Pradesh Government not declaring micro-credit a state policy, the innovative Self-Help Group (SHG) concept, introduced by the Centre, is yet to benefit the rural poor of the state. The medium of SHGs has distinct advantages for both the rural populace and banks in terms of creating the habit of thrift which is the first step towards development, better credit management, lower transaction cost, good recovery and above all improving the outreach of the banking system. The SHG scheme, a major step to strengthen the micro-credit system in the state, already lacks awareness at the field level while the weak financial position of the Non-Government Organisations (NGOs) prevents them from spending liberally for propagating the SHG concept. According to an official report, there were 27,646 SHGs in the state till 1999-2000 while 20,000 such groups were to be linked in 2000-2001 and promoted by various agencies. During 1999-2000, there were 14,096 groups linked with credit. On the initiative of the National Bank for Agriculture and Rural Development (NABARD), the Regional Rural Banks (RRBs) promoted over 7000 groups during 1999-2000 and have committed to form about 12,600 groups during the current financial year. Claiming that there is a vast scope of covering the larger sector of the rural poor through the SHG channel, the report said about 40 per cent rural populace could be termed as poor, comprising about 10 million families. Assuming on an average 12 member per SHG, there is potential for formation of 8.3 lakh groups in the state or about 10,000 groups per district. Presently there are only 400 SHGs on an average per district in the state. Last five-year statistics show that in 1999-2000, remarkable work was done by linking 10,141 shgs in the state while the NABARD refinance during that period for the groups were to the tune of Rs 478.62 lakh. Loans from other financial sources amounted to Rs 688.30 lakh. There were only 431 groups in 1995-96, 518 in 1996-97 and 389 in 1997-98. However, some success was made in 1998-99 when the tally rose to 1464. The NABARD had already initiated several schemes to boost the shg concept with 100 per cent refinance support to banks at concessional rate of seven per cent interest, contribution of Rs 40 crore to the micro-credit development fund and grant assistance to NGOs for promotion and linkage of SHGs on a selective basis. So far, the bank had sanctioned grant of Rs 43.96 lakh to 13 NGOs in the state for promotion and linkage to total 3170 groups. However, the report said participation of cooperative banks in SHG linkage programme is yet to start and banks were not perceiving SHG financing as a long term business opportunity, leading to the failure of the concept. As per the strategies to be adopted to make SHG a grand success, all banks have been asked to treat the scheme as an integral part of their regular banking business and concentrate on selected villages so that all the poor become part of the movement. Besides, the banks have been asked to create a fund with a small corpus for meeting the expenditure on promotion of groups through NGOs and individual facilitators. (UNI) |
Preliminary enquiry against Mascarenhas NEW DELHI, June 8: CBI has registered a Preliminary Enquiry (PE) against suspended Managing Director of Air India Michael P Mascarenhas and others to probe into allegations of corruption and irregularities against them. The PE was registered last night by the anti-corruption unit of the CBI after a request was received from the Ministry of Civil Aviation to probe the allegations, agency sources said here today. Mascarenhas and another top official were suspended on May 23 by the Government on charges of corruption and irregularities. (PTI) |
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