-The Financial Express If you are a risk-averse investor and have been banking on small savings schemes for the purpose of saving and investment as well as building your retirement nest egg, then there is some bad news for you. For, the government has reduced the return on small savings schemes – including Public Provident Fund (PPF), NSC, Kisan Vikas Patra and Senior Citizen Savings Scheme — by 10 basis points....
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Industry, not farm loans, responsible for majority of NPAs: report -Beena Parmar
-MoneyControl.com As per data from 2011 to 2016, the agriculture loan NPAs stood between 4-6 percent while the industry NPAs have consistently increased sharply from nearly 3 percent to 12 percent in 2016. Despite criticism on farm loan waivers, a data study shows that the increase in non-performing assets (NPAs) is contributed more by the industry than the agriculture sector. According to a study report by Anand Rathi, in terms of contribution to...
More »Half of Delhi's 1,000 water bodies vanished due to garbage dumping, encroachments -Joydeep Thakur
-Hindustan Times Delhi relies heavily on the polluted Yamuna, neighbouring Haryana for its water supply. The groundwater table is also fast depleting. Natural and artificial water bodies in the city are being targeted by land sharks as well as local residents who have turned them into garbage dumps. New Delhi: More than half of Delhi’s 1000 water bodies have either dried up, encroached upon or acquired for infrastructure development. That is...
More »With No Water and Many Loans, Farmers' Deaths Are Rising in Tamil Nadu -Jaideep Hardikar
-TheWire.in While suicides and shock deaths have seen a sudden spike in Tamil Nadu’s Cauvery delta region, the government does not believe the drought is the cause and is continuing to direct water away from rural areas. From the banks of the Kollidam river, S. Selvaraju’s farm is barely a mile away. The huge river, actually a tributary of the Cauvery that drains its surplus water into the sea, runs along the village...
More »NDTV probe: Private banks fear debt resolution may be hit -Mayur Shetty
-The Times of India MUMBAI: Private sector bankers say that if NDTV's loan settlement with ICICI Bank is termed criminal, it could hit resolution of bad debts. The concerns follow the Central Bureau of Investigation (CBI) alleging that ICICI Bank officials may have caused wrongful gains to NDTV promoters by agreeing to cut the interest rate to settle the loan. "Settlement of any stressed loan involves some sacrifice by the banker. Often...
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