-Outlook New Delhi: When it comes to crorepati leaders winning the elections, Delhi seems to have taken the cake among the four states with at least 52 such MLAs in the 70-member strong assembly. While absolute number of MLAs with Assets running into crores of rupees may be higher for Madhya Pradesh and Rajasthan, the number of constituencies in these two states is also higher at 230 and 200, respectively. Chattisgarh has...
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One in 4 poll candidates hasn't disclosed PAN-Akshat Kaushal
-The Business Standard Nearly half the 3,337 politicians contesting elections in 5 states have not provided details of their I-T returns With total Assets of around Rs 56 crore, Dhanvantri Chandela, fielded by the Congress from the Rajouri Garden constituency, is easily one of the richest among candidates for the Delhi Assembly election. But she neither has a permanent account number (PAN) nor has she reported details of her income-tax returns to...
More »Rs 1 lakh crore bad loans of corporates written off: RBI-Mayur Shetty
-The Times of India MUMBAI: Data collected by Reserve Bank of India over a period of one year blows the lid off what goes as loan classification in banks. In a presentation at the annual bankers' conference, RBI deputy governor K C Chakrabarty showed how banks have sacrificed over Rs 1 lakh crore by writing off bad loans to corporates, which is much higher than Union finance minister P Chidambaram's farm...
More »Clarity on loan waivers
-The Asian Age Reserve Bank deputy governor K.C. Chakraborty has finally set the record straight on what is well known in left-wing development circles: that Corporate India's loans waived by banks are more (over Rs. 1 lakh crore in the past 13 years) than farm loans to the tune of Rs. 60,000 crores written off under the Debt Waiver and Debt Relief Scheme. More revealing is that medium and large units have...
More »Delhi polls: several nominees in the Rs. 100-crore club
-The Hindustan Times New Delhi: The six-day exercise of filing nominations for the upcoming Delhi Assembly elections ended on Saturday, picking amazing pace in its last lap. On Thursday, 414 candidates filed their nominations and on Saturday alone 775 more were added to the tally, taking the total to 1,189 nominations. Further corrections will be made after eliminating duplicate filings. The largest number of nominations came from the Mustafabad constituency (41) while the...
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