-The Indian Express We need a contingency plan that combines real-time technology with robust insurance and easy credit. On April 22, 2015 the Indian Met Department (IMD) released its first forecast for the upcoming monsoon rains, saying it is likely to be below normal, at 93 per cent of the long period average (LPA). Only a week before that, on April 15, a private forecaster, Skymet, had predicted normal rains (102...
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Low rainfall may affect bank non-performing assets
-Livemint.com/ India Ratings Report by India Ratings & Research Non-performing loan ratio of agriculture loan portfolio could double for some banks The asset quality of India’s agricultural credit could be significantly affected by crop damage due to untimely hail and rain in March, according to India Ratings and Research. The non-performing loan (NPL) ratio of the agriculture loan portfolio could double for some banks, though the reduction of overall return on average assets...
More »After Nepal quake, India may be next: Experts -Trina Joshi
-IANS In the wake of the strong 7.9 magnitude earthquake that killed over a 1,500 people in Nepal and left a swathe of devastation in the northern Himalayas on Saturday, experts said a temblor of equal intensity is "overdue in northern India." "An earthquake of the same magnitude is overdue. That may happen either today or 50 years from now... in the region of the Kashmir, Himachal, Punjab and Uttrakhand Himalyas. Seismic...
More »Experts gathered in Nepal a week ago
-AP An earthquake had long been feared, not just because of the natural seismic fault, but because of the local, more human conditions that made it worse. Nepal’s devastating earthquake was the disaster experts knew was coming. Just a week ago, about 50 earthquake and social scientists from around the world had come to Kathmandu to get the area to prepare better for a big earthquake. “It was sort of a nightmare waiting to...
More »Indian research centres, institutes hail Ford Foundation grants - Amitabh Sinha
-The Indian Express While the Home Ministry has decided to put grants from US-based Ford Foundation under the “prior approval category” and also on its watch list in the interest of “national security”, some government-backed educational and research institutes that receive grants from the Foundation have said the US-based organisation helped build institutions in India. Among the beneficiaries of such grants are at least 10 that are also funded and supported by...
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