-National Herald/ IANS The National Bank for Agiculture & Rural Development (NABARD) had said in a statement on Friday, June 22 that demonetised ?500 and ?1,000 notes presented to district cooperative Central Banks (DCCBs) in Maharashtra were higher than those deposited in Gujarat, followed by Kerala. This statement, in essence, may be misleading. According to RTI information secured by Mumbai activist Manoranjan S Roy, Maharashtra's 30 DCCBs (out of total 370) secured...
More »SEARCH RESULT
Total Matching Records found : 641
An adviser with nobody to advise -TCA Sharad Raghavan
-The Hindu Arvind Subramanian brought heft and pizzazz to his role as CEA — but who was listening? Arvind Subramanian has had quite a paradoxical tenure as the Chief Economic Adviser (CEA) to the Finance Minister. While he brought a lot of pizzazz and heft back to the usually staid Economic Surveys and lent his voice to a number of pressing economic issues, the government repeatedly failed to heed his advice or...
More »Ahmedabad District Cooperative Bank collected highest amount of banned notes among DCCBs: RTI reply
-IANS A district cooperative bank, Ahmedabad District Cooperative Bank (ADCB), netted the highest deposits among such banks of old Rs 500 and Rs 1,000 notes that were abruptly demonetised on November 8, 2016, according to RTI replies received by a Mumbai activist. ADCB secured deposits of Rs 745.59 crore of the spiked notes -- in just five days after Prime Minister Narendra Modi made the demonetisation announcement. All the district cooperative banks...
More »In five years, pvt banks see 450 per cent spike in bad loans -George Mathew
-The Indian Express Among private banks, ICICI Bank, whose MD and CEO Chanda Kochhar is facing allegations of conflict of interest while sanctioning loans to the Videocon Group, topped the NPA table with Rs 54,063 crore in bad loans. Mumbai: Data over the last five years shows that private banks have been steadily accumulating bad loans, with a 450 per cent rise in gross Non-Performing Assets (NPAs) of these banks — from...
More »PMFBY reaping the failure sown by states -Ashok Gulati
-Financial Express The PMFBY involves farmers, banks, state and central government, insurance companies and re-insurers. This article is second in the series to assess performance of BJP-led NDA government at the Centre in agri-food space over the last four years. The first one appeared in this paper on April 30 (goo.gl/AGnEaJ).Here, we look at BJP’s promise in its manifesto, namely, “implement a farm insurance scheme to take care of crop loss”....
More »
