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

-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...

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Premium trains run empty -Vedika Chaubey

-The Hindu Flight tickets are often cheaper than train fares on these services thanks to the flexi fare system Railway Minister Piyush Goyal’s announcement last week that the public transporter was reviewing the scheme of flexi fares introduced in September last year reflects the paradox of a surge in railway revenue even as premium trains run with vacant seats. While Railway revenues have surged by Rs. 500 crore in the one year since the...

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Govt readies booster dose to revive stuttering economy, may target MSME sector -Suchetana Ray

-Hindustan Times India’s economic growth slumped to 5.7% in April-June quarter, which experts attribute to demonetisation that sucked out 86% of the currency in circulation from a largely cash-reliant economy. The government’s expected measures to revive a stuttering economy could mainly target the MSME sector and involve a re-look at public-private project norms to boost investment without breaching its fiscal deficit target for the year, officials involved in the process told HT. Besides,...

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Minus money, PM 'model' loses sheen -Anita Joshua

-The Telegraph New Delhi: Parliamentarians, even those from the BJP, have been dragging their feet for the second year in a row over adopting villages in their constituencies (or states) under the Pradhan Mantri Sansad Adarsh Gram Yojana. Over a quarter into this fiscal, only 40 of the 788 MPs have identified gram panchayats for adoption under the programme, which mandates them to develop these villages into "model villages" for others to...

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Explain demonetisation, your role, flip-flops, secrecy: Parliament panel to RBI Governor Urjit Patel -Anand Mishra

-The Indian Express Urjit Patel to appear before PAC on January 28, list of 10 questions sent New Delhi: THE PUBLIC Accounts Committee (PAC) headed by senior Congress leader K V Thomas, which has asked Reserve Bank of India (RBI) Governor Urjit Patel to appear before it on January 28, has asked him 10 probing questions on the demonetisation issue — from the decision-making process to the level of RBI’s involvement, impact...

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