-National Herald According to the RBI, gross non-performing assets of MSMEs increased by Rs. 20,000 crores from September 2020 (when it was Rs. 1,45,673) to September 2021 (when it became Rs. 1,65,732 crore) Micro, small and medium enterprises (or MSMEs) seem to be the sector most hit by the pandemic since 2020. According to the Reserve Bank of India, gross non-performing assets of MSMEs increased by Rs. 20,000 crores from September 2020...
More »SEARCH RESULT
Total Matching Records found : 298
Covid-19: How Compliant Media Erodes Democracy - Vihang Jumle and Vignesh Karthik KR
-Newsclick.in It should worry everybody that a section of media recast ground realities to make them seem less despite panic and despair during the second wave. When the second wave of the pandemic was raging through India in April and May, at least one Indian was dying of Covid-19 every 30 seconds [since 28 April 2021]. India set a new record for the highest number of daily new infections and deaths. A...
More »Without Addressing Legacy Issues, Can Digitising Land Records in India Be a Game Changer? -Sandip Chowdhury
-TheWire.in For millions of rural families who still lack access to good internet connectivity or are computer illiterate, the programme may end up increasing out-of-pocket expenses. As part of the Digital India Land Records Modernisation Programme (DILRMP), the central government intends to create an Aadhaar-like unique identification for every land parcel in the country. The initiative named Unique Land Parcel Identification Number (ULPIN) will assign a geo-referenced 14-digit alphanumeric unique ID for...
More »Parliament proceedings -- Banks wrote off ₹1.15 lakh cr. in nine months of FY21: Anurag Thakur
-The Hindu “As per RBI data, scheduled commercial banks (SCBs) have written off loans of ₹2,36,265 crore, ₹2,34,170 crore and ₹1,15,038 crore during FY2018-19, FY2019-20 and the first three-quarters of FY2020-21 respectively,” the Minister said. Banks have written off bad loans to the tune of ₹1.15 lakh crore in the first three-quarters of the current fiscal, the Lok Sabha was informed on March 8. As per RBI guidelines and policy approved by bank...
More »Explained: Balance sheet of a bad bank -Sunny Verma and George Mathew
-The Indian Express As the problem of non-performing assets persists in a sector stressed by the pandemic, the RBI Governor has agreed to look at a proposal for creating a bad bank. What are the arguments for and against the concept? Mumbai, New Delhi: The idea of setting up a bad bank to resolve the growing problem of non-performing assets (NPAs), or loans on which borrowers have defaulted, is back on the...
More »
