-The Times of India NEW DELHI: The Supreme Court on Monday severely criticised the Union government for treating court orders with disdain while pointing out that the Centre had taken no action on its order on September 19 last year seeking guidelines on disaster management to make schools safer. A petition by Avinash Mehrotra had resulted in the SC issuing several orders on safety of school children after the Dabwali fire incident...
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Lending to priority sector is good business, Mundra tells banks
-The Hindu Business Line RBI Deputy Governor says such loans support economic activity, generate income & surplus Mumbai: Given the overexposure of the banking system to large corporates and the consequences thereof in the last few years, Reserve Bank of India Deputy Governor SS Mundra said lending to priority sector is good business for all the right and justifiable reasons. “The excessive lending to corporate sector was the outcome of what I call...
More »Cloak on defaulters
-The Telegraph New Delhi: The Reserve Bank of India today told the Supreme Court that it was not in favour of publishing the list of loan defaulters who owed public sector banks Rs 500 crore or more because such disclosure might involve the statutory, contractual and fiduciary rights of the defaulters. Senior advocate Jaideep Gupta, appearing for the Reserve Bank, argued that the grant of loans was covered by various statutes, including...
More »When too much is too little -Sanjay Kumar
-The Hindu The issue of food wastage must be fully understood, so that an effective strategy can be drawn up When Prime Minister Narendra Modi brought up the issue of food wastage on his ‘Mann Ki Baat’ programme about two months ago, he endorsed a valid point when he asked people not to waste food. Though he raised an extremely critical issue of national importance, he could also have used the occasion...
More »India's children need a better deal -V Ramani
-The Indian Express For a country that aims to be a regional power, the data on child nutrition confirms that the situation is abysmal. Save for Bihar, six of the seven states with the highest incidence of stunting, for example, are ruled by the BJP or the BJP and its allies – Uttar Pradesh, Jharkhand, Meghalaya, Madhya Pradesh, Rajasthan, Gujarat and Bihar. After an agonising wait of over ten years, the...
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