IndusInd Bank CEO Sumant Kathpalia said microfinance loan disbursal slowed in April-June due to LS polls and heatwaves, adding that rural areas were recovering from pandemic impact.
Loan default is a civil offence in India, but several defaulting farmers have been booked under criminal charges, which perhaps explains the Congress manifesto.
Finance ministry says the proposed revamp will focus on structural reforms, rate rationalisation & ease of living, & will be deliberated upon in the coming weeks.
The project is meant to be a ‘protective shield that will keep expanding’, the PM said. It is on the lines of the ‘Golden Dome’ announced by Trump, it is learnt.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
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