Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

                trigger_error($message, E_USER_WARNING);

            } else {
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        LATEST NEWS UPDATES | Power Sector Lenders see NPAs Surge Even as Piyush Goyal Defends IREDA&#039;s Loan Record -Noor Mohammad    </title>
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Growth in bad loans raises questions about due diligence measures followed by renewable energy, power PSUs over last five years.

New Delhi: Defending the Indian Renewable Energy Development Agency&rsquo;s (IREDA) grant of a Rs 10.35 crore loan to BJP president Amit..."/>
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Growth in bad loans raises questions about due diligence measures followed by renewable energy, power PSUs over last five years.

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    <h1 class="cat-box-title">Power Sector Lenders see NPAs Surge Even as Piyush Goyal Defends IREDA&#039;s Loan Record -Noor Mohammad</h1>
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		 Published on</span><span class="text-date"> Oct 12, 2017</span>
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                            <div align="justify">-TheWire.in<br /><br /><em>Growth in bad loans raises questions about due diligence measures followed by renewable energy, power PSUs over last five years.<br /><br />New Delhi: </em>Defending the Indian Renewable Energy Development Agency&rsquo;s (IREDA) grant of a Rs 10.35 crore loan to BJP president Amit Shah&rsquo;s son, railway minister Piyush Goyal recently stated that the financing agency had lent money to about 2,000 applicants &ldquo;in the past one year or so&rdquo;.<br /><br />While this growth in lending may be commendable, a close look at IREDA&rsquo;s balance sheets reveals that the state-owned lender&rsquo;s bad loans more than doubled between March 2013 and March 2016, raising questions about the organisation&rsquo;s due diligence measures.<br /><br />IREDA, a dedicated lender to renewable power projects, comes under the administrative control of the Ministry of New and Renewable Energy (MNRE). Goyal held the MNRE portfolio when the IREDA loan was approved to Jay Shah in March 2016.<br /><br />At the end of March 2013, IREDA&rsquo;s gross non-performing assets (NPAs) stood at Rs 254.80 crore but jumped to Rs 475.84 crore by the end of March 2015. This figure further increased to Rs 591 crore by the end of March 2016.<br /><br />IREDA&rsquo;s gross NPA galloped to 5.34% of its outstanding loans by the end of March 2015 from the low level of 3.86% at the March 2013 and further to 5.71% by the end of March 2016.<br /><br />At the end of March 2013, IREDA&rsquo;s gross non-performing assets (NPAs) stood at Rs 254.80 crore but jumped to Rs 475.84 crore by the end of March 2015. This figure further increased to Rs 591 crore by the end of March 2016.<br /><br />IREDA&rsquo;s gross NPA galloped to 5.34% of its outstanding loans by the end of March 2015 from the low level of 3.86% at the March 2013 and further to 5.71% by the end of March 2016.<br /><br />Please <a href="https://thewire.in/186335/power-sector-lenders-see-npas-surge-even-piyush-goyal-defends-iredas-loan-record/" title="https://thewire.in/186335/power-sector-lenders-see-npas-surge-even-piyush-goyal-defends-iredas-loan-record/">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://thewire.in/186335/power-sector-lenders-see-npas-surge-even-piyush-goyal-defends-iredas-loan-record/" class="re" target="_blank">TheWire.in, 11 October, 2017, https://thewire.in/186335/power-sector-lenders-see-npas-surge-even-piyush-goyal-defends-iredas-loan-record/</a><div class="clear"></div>
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    <h1 class="cat-box-title">Power Sector Lenders see NPAs Surge Even as Piyush Goyal Defends IREDA&#039;s Loan Record -Noor Mohammad</h1>
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                            <div align="justify">-TheWire.in<br /><br /><em>Growth in bad loans raises questions about due diligence measures followed by renewable energy, power PSUs over last five years.<br /><br />New Delhi: </em>Defending the Indian Renewable Energy Development Agency&rsquo;s (IREDA) grant of a Rs 10.35 crore loan to BJP president Amit Shah&rsquo;s son, railway minister Piyush Goyal recently stated that the financing agency had lent money to about 2,000 applicants &ldquo;in the past one year or so&rdquo;.<br /><br />While this growth in lending may be commendable, a close look at IREDA&rsquo;s balance sheets reveals that the state-owned lender&rsquo;s bad loans more than doubled between March 2013 and March 2016, raising questions about the organisation&rsquo;s due diligence measures.<br /><br />IREDA, a dedicated lender to renewable power projects, comes under the administrative control of the Ministry of New and Renewable Energy (MNRE). Goyal held the MNRE portfolio when the IREDA loan was approved to Jay Shah in March 2016.<br /><br />At the end of March 2013, IREDA&rsquo;s gross non-performing assets (NPAs) stood at Rs 254.80 crore but jumped to Rs 475.84 crore by the end of March 2015. This figure further increased to Rs 591 crore by the end of March 2016.<br /><br />IREDA&rsquo;s gross NPA galloped to 5.34% of its outstanding loans by the end of March 2015 from the low level of 3.86% at the March 2013 and further to 5.71% by the end of March 2016.<br /><br />At the end of March 2013, IREDA&rsquo;s gross non-performing assets (NPAs) stood at Rs 254.80 crore but jumped to Rs 475.84 crore by the end of March 2015. This figure further increased to Rs 591 crore by the end of March 2016.<br /><br />IREDA&rsquo;s gross NPA galloped to 5.34% of its outstanding loans by the end of March 2015 from the low level of 3.86% at the March 2013 and further to 5.71% by the end of March 2016.<br /><br />Please <a href="https://thewire.in/186335/power-sector-lenders-see-npas-surge-even-piyush-goyal-defends-iredas-loan-record/" title="https://thewire.in/186335/power-sector-lenders-see-npas-surge-even-piyush-goyal-defends-iredas-loan-record/">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://thewire.in/186335/power-sector-lenders-see-npas-surge-even-piyush-goyal-defends-iredas-loan-record/" class="re" target="_blank">TheWire.in, 11 October, 2017, https://thewire.in/186335/power-sector-lenders-see-npas-surge-even-piyush-goyal-defends-iredas-loan-record/</a><div class="clear"></div>
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-TheWire.in

Growth in bad loans raises questions about due diligence measures followed by renewable energy, power PSUs over last five years.

New Delhi: Defending the Indian Renewable Energy Development Agency&rsquo;s (IREDA) grant of a Rs 10.35 crore loan to BJP president Amit..." />
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    <h1 class="cat-box-title">Power Sector Lenders see NPAs Surge Even as Piyush Goyal Defends IREDA&#039;s Loan Record -Noor Mohammad</h1>
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                            <div align="justify">-TheWire.in<br /><br /><em>Growth in bad loans raises questions about due diligence measures followed by renewable energy, power PSUs over last five years.<br /><br />New Delhi: </em>Defending the Indian Renewable Energy Development Agency&rsquo;s (IREDA) grant of a Rs 10.35 crore loan to BJP president Amit Shah&rsquo;s son, railway minister Piyush Goyal recently stated that the financing agency had lent money to about 2,000 applicants &ldquo;in the past one year or so&rdquo;.<br /><br />While this growth in lending may be commendable, a close look at IREDA&rsquo;s balance sheets reveals that the state-owned lender&rsquo;s bad loans more than doubled between March 2013 and March 2016, raising questions about the organisation&rsquo;s due diligence measures.<br /><br />IREDA, a dedicated lender to renewable power projects, comes under the administrative control of the Ministry of New and Renewable Energy (MNRE). Goyal held the MNRE portfolio when the IREDA loan was approved to Jay Shah in March 2016.<br /><br />At the end of March 2013, IREDA&rsquo;s gross non-performing assets (NPAs) stood at Rs 254.80 crore but jumped to Rs 475.84 crore by the end of March 2015. This figure further increased to Rs 591 crore by the end of March 2016.<br /><br />IREDA&rsquo;s gross NPA galloped to 5.34% of its outstanding loans by the end of March 2015 from the low level of 3.86% at the March 2013 and further to 5.71% by the end of March 2016.<br /><br />At the end of March 2013, IREDA&rsquo;s gross non-performing assets (NPAs) stood at Rs 254.80 crore but jumped to Rs 475.84 crore by the end of March 2015. This figure further increased to Rs 591 crore by the end of March 2016.<br /><br />IREDA&rsquo;s gross NPA galloped to 5.34% of its outstanding loans by the end of March 2015 from the low level of 3.86% at the March 2013 and further to 5.71% by the end of March 2016.<br /><br />Please <a href="https://thewire.in/186335/power-sector-lenders-see-npas-surge-even-piyush-goyal-defends-iredas-loan-record/" title="https://thewire.in/186335/power-sector-lenders-see-npas-surge-even-piyush-goyal-defends-iredas-loan-record/">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://thewire.in/186335/power-sector-lenders-see-npas-surge-even-piyush-goyal-defends-iredas-loan-record/" class="re" target="_blank">TheWire.in, 11 October, 2017, https://thewire.in/186335/power-sector-lenders-see-npas-surge-even-piyush-goyal-defends-iredas-loan-record/</a><div class="clear"></div>
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Home हिन्दी

Power Sector Lenders see NPAs Surge Even as Piyush Goyal Defends IREDA's Loan Record -Noor Mohammad

Published on Oct 12, 2017   Modified on Oct 12, 2017

-TheWire.in Growth in bad loans raises questions about due diligence measures followed by renewable energy, power PSUs over last five years. New Delhi: Defending the Indian Renewable Energy Development Agency’s (IREDA) grant of a Rs 10.35 crore loan to BJP president Amit Shah’s son, railway minister Piyush Goyal recently stated that the financing agency had lent money to about 2,000 applicants “in the past one year or so”. While this growth in lending may be commendable, a close look at IREDA’s balance sheets reveals that the state-owned lender’s bad loans more than doubled between March 2013 and March 2016, raising questions about the organisation’s due diligence measures. IREDA, a dedicated lender to renewable power projects, comes under the administrative control of the Ministry of New and Renewable Energy (MNRE). Goyal held the MNRE portfolio when the IREDA loan was approved to Jay Shah in March 2016. At the end of March 2013, IREDA’s gross non-performing assets (NPAs) stood at Rs 254.80 crore but jumped to Rs 475.84 crore by the end of March 2015. This figure further increased to Rs 591 crore by the end of March 2016. IREDA’s gross NPA galloped to 5.34% of its outstanding loans by the end of March 2015 from the low level of 3.86% at the March 2013 and further to 5.71% by the end of March 2016. At the end of March 2013, IREDA’s gross non-performing assets (NPAs) stood at Rs 254.80 crore but jumped to Rs 475.84 crore by the end of March 2015. This figure further increased to Rs 591 crore by the end of March 2016. IREDA’s gross NPA galloped to 5.34% of its outstanding loans by the end of March 2015 from the low level of 3.86% at the March 2013 and further to 5.71% by the end of March 2016. Please click here to read more.

TheWire.in, 11 October, 2017, https://thewire.in/186335/power-sector-lenders-see-npas-surge-even-piyush-goyal-defends-iredas-loan-record/

Tagged with: Non-Performing Assets NPAs Indian Renewable Energy Development Agency (IREDA) Ministry of New and Renewable Energy (MNRE) Piyush Goyal

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