-The Times of India Demands for loan write-offs being stonewalled by the government seems to be the primary reason driving the country's farm folk to protests that are periodically degenerating into violence. Additionally, the governments' unwillingness to increase the minimum support price (MSP) to check food-induced inflation that would impact voters, too, could be a factor. While UP government's decision on April 12 to announce loan waiver for the state's three crore farmers...
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NDTV probe: Private banks fear debt resolution may be hit -Mayur Shetty
-The Times of India MUMBAI: Private sector bankers say that if NDTV's loan settlement with ICICI Bank is termed criminal, it could hit resolution of bad debts. The concerns follow the Central Bureau of Investigation (CBI) alleging that ICICI Bank officials may have caused wrongful gains to NDTV promoters by agreeing to cut the interest rate to settle the loan. "Settlement of any stressed loan involves some sacrifice by the banker. Often...
More »Govt abandons goal of training 500 million people in new skills by 2022 -Prashant K Nanda
-Livemint.com Skill development ministry, led by Rajiv Pratap Rudy, has refused to spell out a new number that the government and its ministries will chase New Delhi: The government has abandoned its goal of training 500 million people in new skills by 2022, in a clear shift in strategy. Skill development ministry officials, at a press conference in New Delhi on Tuesday, also refused to spell out a new number that the Union...
More »How demonetisation crippled bank lending -Paras Chakravarty
-Livemint.com Bank Loans to rural India were the most affected, but other parts of the country also saw a deceleration in credit growth, RBI data shows It is, of course, well known that the growth of bank credit slowed in the second half of 2016-17 due to demonetisation. Reserve Bank of India (RBI) data shows that as on 30 September 2016, the annual rate of growth of bank credit was 12.1%. That...
More »Farmers can opt for multiple crops to escape glut crisis -Krishna Thevar
-The Economic Times MUMBAI: What has made the Maharashtra farmer hit the streets, dump his produce and even attack suppliers? A combination of weather, unscrupulous middlemen and lack of discretion on crop seems to have wreaked havoc on their lives. Rainfall in Maharashtra has been deficient in 2011 and the situation turned worse leading to a severe drought till 2015. In 2016, farmers got relief with normal rains, when they got back...
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