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Financial services secretary Rajiv Takru seeks details of top 50 NPAs from state-run banks

-The Economic Times  The finance ministry has told all state-run banks to disclose their 50 largest bad loans to help them make a recovery plan and establish a system for zero tolerance against wilful defaulters. In a recent meeting with heads of state-run banks, new financial services secretary Rajiv Takru told them to furnish details of their top 50 non-performing assets (NPAs), including loan sanctioning officer, terms of loan, the collateral furnished...

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Budget 2013: Crop loans from private banks will be subsidised too-Atmadip Ray

-The Economic Tiomes Farmers borrowing crop loans from private banks will also get government's interest subvention scheme, finance minister P Chidambaram said in his 2013 Budget speech. At present, farmers used to get crop loans at a subsidised 4% a year rate from public sector banks, regional banks and cooperative banks if they repay in time. Farmers who repay loans in time, gets an additional 1% interest subvention from the government over and...

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Village women use mobile power to become successful goat farmers -J Arockiaraj

-The Times of India THENI: Villages near Bodi Hills in Tamil Nadu are seeing a quiet revolution in animal-rearing facilitated by technology. Many women in these villages, who are involved in goat farming, are harnessing the power of the cell phone, for managing their herds better. Every day, they receive about five voice messages on their mobile phones about scientific methods of goat rearing which they say, have helped them improve...

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MP govt sets deadline to stop open defecation

-PTI Madhya Pradesh Sanitation Vision 2025 aims to make urban areas in the state free of open defecation by 2017 and achieve a near complete sanitation access through provision of individual household level toilets by 2025 Madhya Pradesh government has charted an ambitious plan to completely stop open defecation in urban areas by 2017 and provide sanitation access through individual household toilets by 2025. "The 'Madhya Pradesh Sanitation Vision 2025' (MPSV) has been...

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States' debt-GSDP ratio improves in FY10-12: Icra

-PTI Financial performance of the states with relation to indicators of debt servicing such as debt as a proportion to revenue receipts and gross state domestic product (GSDP) has improved between 2009-10 and 2011-12, says an Icra report. While states like Kerala, Gujarat, Punjab, Rajasthan and West Bengal remain relatively more indebted, Karnataka, Odisha and Chhattisgarh have displayed a superior performance in 2011-12 in terms of their debt relative to revenue receipts. Chhattisgarh,...

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