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November 2018 issue

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Due to complexity involved in raising funds from various sources available in the market, micro, small and medium enterprises are unable to get the needed financial support on time at reasonable cost easily. In order to assist these unfunded entrepreneurs and small business concerns, the present Government led by Shri Narendra Modi, started MUDRA bank on 8thApril, 2015 with a corpus of 20,000 crore and a credit guarantee fund of 3,000 crore to support financial institutions and micro finance institutions. MUDRA bank was formed with a mandate to refinance and regulate micro finance institutions and give financial assistance to micro and small units that are typically excluded from the mainstream banking system. The scheme was launched as a refinancing institution to provide funding support to the lending institutions engaged in financing micro units in the country, through the Government of India’s flagship programme. MUDRA scheme is not only to bridge the funding gap to the micro enterprises but also aims to boost the confidence of the first generation entrepreneurs and also assist existing small businesses expand their business activities in more diversified ways. As on 31st March 2018, the MUDRA scheme has provided financial support to 4, 81,30,593 entrepreneurs with a total amount of 246437.40 crore in promotion of new and existing enterprises in the country.

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If you ask an Italian why time is important, he will say “Il tempo è Denaro:” time is money, money is time.

But how a Hindustanis would react to this question? Well! He will reply: “We have neither time nor money.” He is right. The Hindustanis hardly are bothered about time, timely decisions. No wonder they don’t have enough money.

If the Indian Government really had time-conscious, it would have corrected the aberrations in the Indian Standard Time (IST) way back in 2006 when the Planning Commission suggested that the country may have two time-zones. This would have meant implementing the Daylight Saving Time or DST for the Northeast saving electricity bills by huge proportion.

(Do tomorrow’s work today, today’s work now. If the doomsday comes, can you complete the incomplete works?)

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MPHRC condemn the attack on activist

The Meghalaya Peoples’ Human Rights Council (MPHRC) has strongly condemned the attack on RTI Activist & CSWO President Agnes Kharshiing and her associate Anita Sangma in the strongest terms possible. “The climate of fear created by such attacks by the perpetrators has threatened to silence few independent voices to enjoy a climate of impunity within our State” said MPHRC Chairman, Dino D.G Dympep. Recognized that the Police authorities have started an investigation and arrested two individuals. However, the Council stressed that the “extreme seriousness” of the attack warranted “a thorough, prompt and a fair investigation by bringing the suspected perpetrators to justice in fair trials without delay and providing effective remedies and adequate reparations to the victims said MPHRC. It is an imperative that these barbaric attacks, injustices and gross human rights abuses be seriously addressed by the government. “We humbly stand in solidarity with Agnes’s family and community,” MPHRC concluded.

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The coming battles for ballot in Mizoram, Chhattisgarh, Telangana, Madhya Pradesh and Rajasthan assumes massive political significance as they might act as curtain raiser for the Lok Sabha polls slated for 2019.

The parliamentary polls would certainly have effects of the results of assembly polls as the pre-poll political permutations and combinations, trend of polling, defections and post-poll formation of governments (whether single party majority or coalition) are likely to shape the political future of the main political parties.

Add a comment Read more: The Great Ballot Battle in Mizoram
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Workers Union condemn attack Activists

Workers Power of Meghalaya (WPM) a federation of more than 13 Workers Unions of Meghalaya condemns the attack on their friend and comrade Kong Agnes Kharshiing a person who fights for the poor and downtrodden and who fights to protect the environment and livelihood of us workers. The organization urges the government to ensure the culprits are brought to book.

Smti Angelina Hynniewta President WPM in her statement wishes Kong Agnes a speedy recovery so that through her leadership they can struggle for a better Meghalaya, mean while Thma u Rangli Juki (TUR) also condemns the murderous attack on Kong Agnes Kharshiing and Amita sangma of CSWO in East Jaintia hills district by terming this attack as cowardice.

Mantre Passah the Co-ordination of TUR urges the Police Department to speedy up the investigations into this heinous attack and punishes the culprits.

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