-The Hindu Bubble createdby them resulted in high NPAs Banks caused a bubble, failed to do due diligence and lent more than what was warranted to developers, and this has led to the high Non-Performing Assets (NPA) arising out of the road sector, Road Secretary Vijay Chhibber told The Hindu in an exclusive interview on Wednesday. “The Banks have killed the road sector,” he said. “There was a bubble because the Banks would...
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The politics of waste management -Barbara Harriss-White
-The Hindu The production of waste in India is growing at an exponential rate. However, the welfare and dignity of the informal workers involved in the stigmatised sector of waste management remains at the bottom of any government’s political agenda. Human society has always produced waste and always will. Waste materials — substances without value — are constantly generated in all production, all distribution and all consumption processes. The time waste spends...
More »Official Claims of Huge Savings from Direct Benefit Transfer for LPG Don’t Add Up -Damon Vis-Dunbar, Kieran Clarke and Shruti Sharma
-TheWire.in Since April 1, 2015, India’s cooking gas subsidies have been distributed solely by electronic transfer through the Direct Benefit Transfer for Liquefied Petroleum Gas scheme (otherwise known as DBTL or PAHAL). Under this system, which has replaced the direct sale of cooking gas cylinders at subsidised prices, households place an order for LPG with their gas distributor, receive an amount equivalent to the current subsidy amount via electronic transfer to...
More »Collateral-free loans offer hope to women -Sidhartha K
-The Times of India NEW DELHI: Until recently, Rajni, who lives in Tilak Nagar in west Delhi, used to work in a boutique. Now, she has decided to have her own setup, for which she has borrowed Rs 50,000 from Punjab National Bank. "I haven't decided whether I will take up a place or do it from home," she said. In Bawana, on the outskirts of Delhi, Kamla has taken a loan from...
More »High value transactions by politicians under FIU scanner -Appu Esthose Suresh
-The Indian Express The FIU generated 17 suspicious transaction reports (STRs) related to PEPs in the last one year. The Financial Intelligence Unit (FIU) has stepped up its surveillance on high value transactions by politicians, senior bureaucrats and their immediate relatives who fall under the “politically exposed persons” (PEP) category. According to sources, the FIU generated 17 suspicious transaction reports (STRs) related to PEPs in the last one year. All these cases...
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