-The Hindu There has been sharp rise in the NPAs amid COVID-19 pandemic With unemployment rising, the ability of those who have taken education loans to pay back has come down sharply. As a result, the non-performing assets (NPAs) have increased in the last one-and-a-half years. R. Nagarajan had taken a loan for his engineering course and started repaying it when he got a job at a start-up in the second half of...
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Sharad Pawar Meets PM Modi, Flags Amit Shah's New Ministry -Akhilesh Sharma and Sunil Prabhu
-NDTV.com Apart from meeting PM Modi, Sharad Pawar, 80, also wrote him a letter, flagging concerns on the Ministry of Cooperation. New Delhi: Nationalist Congress Party (NCP) chief Sharad Pawar on Saturday met with Prime Minister Narendra Modi at the latter's residence. During the meeting which lasted for about 50 minutes, the veteran politician raised concerns about the newly-formed Ministry of Cooperation which is headed by Amit Shah, and farmers' issues, sources...
More »Amendments in Banking Act against cooperatives: Pawar tells Modi
-The Hindu Business Line Red flags about some inconsistencies and the resulting legal inefficacy of normative provisions of the Act Former Union Agriculture Minister and NCP supremo Sharad Pawar met Prime Minister Narendra Modi here on Saturday to raise his apprehensions about the formation of Cooperation Ministry and the amendments in Banking Regulation Act. Pawar urged Modi to ensure that the co-operative principles laid down in the Constitution should not be sacrificed at...
More »Last resort: Indians in distress are selling gold & third wave could only make it worse -Swansy Afonso
-ThePrint.in The likelihood of financial distress caused by the 2nd wave is much higher & it could lead to more outright sales of gold, unlike in 2020, when people chose to take out loans against gold. Mumbai: Paul Fernandes, a 50-year-old waiter in India, last year took out a loan using his gold as collateral to pay for his children’s education after losing his job on a cruise liner. This year, he...
More »With fewer migrants returning in COVID 2.0, U.P. says many stayed back after 1st wave
-The Hindu U.P. was the only State to do a skill mapping exercise of returning migrants last year, says an official Just four lakh migrant workers returned to Uttar Pradesh during the second COVID-19 wave this year, compared to 40 lakh workers after the national lockdown of 2020, indicating many of these workers may not have returned to their earlier workplaces after the first wave and got gainfully employed in U.P., top...
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