The Kisan Credit Card (KCC) scheme, originally designed to provide farmers with low-interest loans for agricultural needs, is now often misused for dowry and other non-agricultural expenditures, putting farmers in financial jeopardy.
The creditors propose a multibillion-pound rescue deal for Thames Water, promising new investments in exchange for regulatory leniency and a significant write-off of existing debts.
The Ontario Superior Court of Justice has ruled for the Peace Bridge duty-free shop's receivership due to financial difficulties including millions in debt and unpaid rent.
Graeber argues that the commonly held belief that money arose from barter is fundamentally flawed; instead, credit systems were established first, facilitated by governing authorities.
The debt owed to TfL from unpaid clean air levies has skyrocketed to £376 million. Neil Garratt expressed that this amount is alarmingly high, highlighting TfL's escalating issues with bad debts, which have reportedly reached £450 million. Garratt questioned whether bailiffs would be deployed. Mr. Khan acknowledged the dire situation, emphasizing that actions would be contemplated to address this alarming debt, citing a need for accountability among drivers who violate the regulations with substantial outstanding fines.
