-DNA What is worse is that just the top 30 cases of default account for a Rs 1.21 lakh crore, which is almost 40% of the Non Performing Assets (NPAs) in banks. The upper middle class, who usually takes Loans of over Rs 1 crore, accounts for 33% of the total NPAs.  It's not the poor farmers or the middle class who are defaulting on their Loans. It's the country's super rich,...

-The Hindu Business Line Not the RBI, going by the revised priority sector lending norms, which will further reduce credit to the marginalised Prime Minister Narendra Modi has often expressed his sense of anguish at the plight of farmers. In a recent statement in the Lok Sabha, he noted that the agriculture community’s problems were “old, deep-rooted and widespread”, and stated that farmers cannot be left to fend for themselves. Implicit in that...

-The Telegraph Mayong (Morigaon): It was just some weeks ago that Jogeswar Bangthai, Ganesh Saikia and Mohammad Anar Ali were dreaming of a bumper crop as they gazed at their fields that had turned golden with the ripe paddy waiting to be harvested. A few days more and their granaries would brim over. Or so they thought. Then came the rain that refused to go away. In this fabled land of black magic, farmers...

-Hindustan Times The Union cabinet on Wednesday approved “Housing for All”, the NDA government’s flagship programme of building two crore houses by 2022. The scheme is piloted by the housing and urban poverty alleviation ministry. Aiming to promote affordable housing, the cabinet approved a substantial increase in interest subsidy on housing Loans — from 4% to 6.50% — for those from the economically weaker sections (EWS) and low-income groups (LIG). This would...

-The Times of India NEW DELHI: Terms like inclusive growth and roof-for-all may have gained political currency in the recent years, but trends show how public sector banks and Housing Finance Corporation (HFC) are reluctant to provide housing Loans to the poor and lower middle class. The data that was presented before MPs at the consultative committee of urban development and housing alleviation on Wednesday highlighted how the outstanding housing Loans up...