-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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Farmers' protest in Maharashtra, MP: Both BJP-ruled agrarian states need long-term policy measures -Nalini R Mohanty
-Firstpost.com After Maharashtra, Madhya Pradesh has now been rocked by farmer unrest. At least six farmers were killed and eight others were critically injured on Tuesday when the police resorted to firing to subdue the protesting farmers in Mandsaur in Madhya Pradesh. In both Maharashtra and Madhya Pradesh, the farmers’ demands are almost similar: they want complete farm loan waiver as a short-term palliative and secondly, institutionalised mechanism for getting better prices...
More »What explains the Maharashtra farmers' strike in a bumper crop year? -Sayantan Bera
-Livemint.com Maharashtra farmers continue with their protests despite assurance from chief minister Devendra Fadnavis of a debt waiver by October New Delhi: The fifth day of the strike by protesting farmers in Maharashtra on Monday witnessed unprecedented visuals of milk tankers being ferried to state capital Mumbai under heavy police cover. Not long ago, before the monsoons arrived last year, rail wagons transporting water to severely drought-hit districts in the state were...
More »How demonetisation crippled bank lending -Paras Chakravarty
-Livemint.com Bank loans to rural India were the most affected, but other parts of the country also saw a deceleration in credit growth, RBI data shows It is, of course, well known that the growth of bank credit slowed in the second half of 2016-17 due to demonetisation. Reserve Bank of India (RBI) data shows that as on 30 September 2016, the annual rate of growth of bank credit was 12.1%. That...
More »Govt abandons goal of training 500 million people in new skills by 2022 -Prashant K Nanda
-Livemint.com Skill development ministry, led by Rajiv Pratap Rudy, has refused to spell out a new number that the government and its ministries will chase New Delhi: The government has abandoned its goal of training 500 million people in new skills by 2022, in a clear shift in strategy. Skill development ministry officials, at a press conference in New Delhi on Tuesday, also refused to spell out a new number that the Union...
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