Micro Finance Cos Charge 26% Interest Rates!
MFIs charge as much as 36% interest from the rural poor and MM Singh is talking about "inclusive growth".
An extract from the link:-
"While the banks charge interest rates in the range of 9-14 per cent on loans given to MFIs, some MFIs in turn charge as much as 36 per cent from their clients."
This is simply shocking!!!
They also use strong arm methods to recover money.
MFI moves court,against AP Government's Ordnance,but the Court does not allow "stay" Ordnance.
The UPA Government does NOT want to regulate the MFIs.
Commercialization of MFIs in India.
Indian Stocks,Currencies,Gold,Silver and Crude,data. FOLLOW THIS BLOG AT YOUR OWN RISK!
PLEASE VISIT -
http://silverstealers.net/tss.html
Gold price smashing and India's Gold Monetization Scheme have a connection.That is,preventing Indians, from BUYING PHYSICAL Gold,and manipulating the price of PAPER GOLD With the Derivatives!
It is reported that the central banks have sold their Gold at high prices,and they want buy them back at lower prices,after smashing the same.
The vested interest also,want the money to flow into equities,instead of Gold,so that the US Dollar could be strong.
Cashless Society,for confiscating the wealth of Indians via NIRP,is being planned.
NIRP will be ineffective with cash around.
Land,Silver,Gold,Cash and other tangibles are taboo,in a Cashless Society.Cashless Society and the resultant,Electronic Transactions,will help the Hackers a lot,as an "entry point", is being provided to them,via the Electronic Transfer,which in "ordinary" Banking,is NOT available to the Hackers.
.......but by smart moves,in the changed and changing scenario,it is possible to increase one's wealth!
IMF And World Bank DICTATORSHIP Of India Under M M Singh
AS PER STIGLITZ,THE IMF AND THE WORLD BANK DEMAND THE FOLLOWING FROM NATIONS,RULED BY THEIR PUPPETS:-
1.PRIVATIZATION
2.LIBERALIZATION
3.MARKET-BASED PRICING
THIS IS HAPPENING IN INDIA.
PLEASE GOOGLE FOR:-IMF RIOT
1.PRIVATIZATION
2.LIBERALIZATION
3.MARKET-BASED PRICING
THIS IS HAPPENING IN INDIA.
PLEASE GOOGLE FOR:-IMF RIOT
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