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Corporates make 73% of public sector bank Bad Loans -Sunny Verma

-The Indian Express The Finance Ministry directed smaller PSBs to cut their corporate loan exposure to 25 per cent of their risk-weighted assets over the medium term and focus more on retail lending. Corporate loans corner the lion’s share of rising Bad Loans in public sector banks while retail loans have a far superior track record when it comes to timely repayment, according to the latest available Reserve Bank of India...

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Farmer debts: Relief, the Kerala way -Shriya Mohan

-The Hindu Business Line Eleven years since its inception, the State’s farmer’s debt relief commission has quietly eased the burden of debt on poor farmers, and grown to be a model worth emulating Earlier this week 35,000 debt-ridden farmers coursed through Maharashtra, walking 180 km on blistered soles, to converge at Mumbai’s Azad Maidan demanding freedom from debt and fair compensation for their produce. As the government scrounged for solutions, it could’ve...

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Why are India's farmers committing suicide?

-IANS Farmer suicides have been taking place across India for years now, and studies of rural distress reveal the deeply-rooted, tenacious causes, such as lack of irrigation, fragmentation of land, unsuitability of seeds and inadequate sources of credit. Despite the democratically-elected governments that claim to represent a country where over half the population is dependent on farming, agriculture has been consistently ignored at a steep cost to farmers' lives. Remedies have been...

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Waiving off loans not a solution -Ashok Gulati and Gayathri Mohan

-The Indian Express First, let us compliment both the parties—farmers and the state government—in Maharashtra’s agrarian crisis for reaching an amicable solution, at least for the time being, and averting a major chaos or violence. First, let us compliment both the parties—farmers and the state government—in Maharashtra’s agrarian crisis for reaching an amicable solution, at least for the time being, and averting a major chaos or violence. Farmers deserve appreciation for...

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Can banking recover? -Jayati Ghosh

-The Hindu We need stricter adherence to sound banking rules and more transparency from public and private players The bank frauds involving Punjab National Bank (PNB) and the companies associated with businessmen Nirav Modi and Mehul Choksi as well as the Rotomac case couldn’t have come at a worse time. The Indian banking system is already reeling under the pressure of growing NPAs, or non-performing assets (less politely known as loans that...

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