-The Hindu Outgoing Central Information Commissioner Sridhar Acharyulu flags the impact of growing vacancies in the Commission Central Information Commissioner Sridhar Acharyulu, who took on the Prime Minister’s Office and the Reserve Bank of India in a case dealing with the non-disclosure of wilful defaulters of major bank loans, warned on his last day hearing RTI appeals that by December, he and three other CICs would retire, leaving the Central Information Commission...
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CIC issues show-cause notice to RBI governor for non-disclosure of wilful defaulter's list
-PTI “The Commission feels that there is no match between what RBI Governor and Deputy Governor say" The Central Information Commission (CIC) has issued a show-cause notice to RBI Governor Urjit Patel for “dishonouring” a Supreme Court judgment on disclosure of wilful defaulters’ list. The CIC has also asked the Prime Minister’s Office, the Finance Ministry and the Reserve Bank of India (RBI) to make public the letter of former RBI governor Raghuram...
More »Wilful defaults increased by 152 per cent during Modi regime -Vandana
-TheWeek.in Wilful defaults, loans which are deliberately not repaid by companies despite having the capacity to do so, have surged 152 per cent in the last four years of Modi government. A new report prepared by Pinkerton – a risk management consultancy along with PHD Chamber of Commerce and Industry – says that both gross NPAs and wilful defaults have been going up post 2008 financial crisis. The value of wilful defaults...
More »Farmer debts: Relief, the Kerala way -Shriya Mohan
-The Hindu Business Line Eleven years since its inception, the State’s farmer’s debt relief commission has quietly eased the burden of debt on poor farmers, and grown to be a model worth emulating Earlier this week 35,000 debt-ridden farmers coursed through Maharashtra, walking 180 km on blistered soles, to converge at Mumbai’s Azad Maidan demanding freedom from debt and fair compensation for their produce. As the government scrounged for solutions, it could’ve...
More »India's wilful defaulters owe more than Rs 1 lakh crore to banks -Atul Thakur
-The Times of India NEW DELHI: As on September 30, 2017, more than Rs 1.1 lakh crore was owed to banks by people or companies characterised as “wilful defaulters”, that is those who are unwilling to pay despite having the capacity to do so. TOI analysed more than 9,000 such accounts for which banks have filed lawsuits for recovery and found that the top 11 debtor groups, each with dues of...
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