-The Hindu Business Line Farmers have been borrowing from banks to repay lenders and reversing the cycle Ahmedabad: In the Saurashtra region of Gujarat, a saying goes: “A farmer is always indebted. He is born in debt and dies with a debt. What matters is how he manages this debt in his life.” There is a skew in Gujarat’s water resource distribution. Saurashtra covers 31 per cent of the State’s landmass but gets...
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Power Sector Lenders see NPAs Surge Even as Piyush Goyal Defends IREDA's Loan Record -Noor Mohammad
-TheWire.in Growth in Bad Loans raises questions about due diligence measures followed by renewable energy, power PSUs over last five years. New Delhi: Defending the Indian Renewable Energy Development Agency’s (IREDA) grant of a Rs 10.35 crore loan to BJP president Amit Shah’s son, railway minister Piyush Goyal recently stated that the financing agency had lent money to about 2,000 applicants “in the past one year or so”. While this growth in lending...
More »Stand Up India plan slowing down: Only 6% of bank branches gave loans to SC/STs -Shyamlal Yadav
-The Indian Express In all, the 42 RRBs have sanctioned Stand Up India loans to 536 people — 97 under the SC head, 32 in the ST category and 407 general category women. Three RRBs have not sanctioned a single such loan to general category women. Every bank has been told that it will be your responsibility to ensure that wherever you have a branch, you have to give loans to two...
More »Fact Check: India's growth did slump to 5.7%, but not due to 'technical reasons' as Amit Shah claims -Mayank Jain
-Scroll.in BJP chief’s claim that growth rate declined due to change in the methodology doesn’t hold much water. Data released on August 31 marked the sixth straight quarter of slowing growth for the Indian economy as the gross domestic product growth rate slipped to 5.7% in the first quarter of the current financial year. It was a sharp decline from 7.9% growth seen in the same quarter last year. Attempting to explain the...
More »Economy outlook still cloudy -Ajit Ranade
-The Hindu An immediate stimulus is needed to regain the momentum to get India back to 8% growth The government’s move this past week to publish economic data for the April to June quarter of this year needs a look. The real growth of GDP, i.e. after removing the impact of inflation, was only 5.7%, much lower than expected. For the past six consecutive quarters, the growth rate has gone down steadily,...
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