-Firstpost.com * The stark divergence in banks’ estimates vs that of the RBI has raised many eyebrows in the investor community prompting them to avoid such companies till clarity emerges * Recently, Bank of Baroda reported a divergence of Rs 5,250 crore in gross NPAs for the year ended March 2019 * Ever since divergences came to public, banks have begun to make higher provisions to cover up the mess An element of trust...
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New report shows that 90% of residents in Assam and 61% of residents in Meghalaya do not have Aadhaar
-Press release State of Aadhaar 2019, dated 25th November, 2019 The State of Aadhaar 2019 report is based on a nation-wide study that captures the experiences and perspectives of over 167,000 households across 28 states and union territories, making it the largest primary dataset on the use of Aadhaar and more broadly, the use of national digital ID in the world. November 25th, 2019, New Delhi, India: Dalberg, a leading social impact advisory...
More »Rs.2,000 note is the preferred mode for unaccounted cash, says govt data -Shishir Sinha
-The Hindu Business Line Almost half the unaccounted cash seized this fiscal was in this denomination: Tax data New Delhi: The Rs.2,000 note seems to be the key tool for unaccounted income and Assets. According to the latest Income Tax data, little less than half of the unaccounted cash seized during this fiscal was in the denomination of the maximum value. It was more than 60 per cent during the last two fiscals. As...
More »A greater ease of living -Amarjeet Sinha
-The Indian Express Discussions of rural poverty fail to factor in multi-dimensional changes in the sector in the last five years Rural poverty in India has been the subject of discussion in recent times. Low increase in prices of agricultural commodities and the slower increase in rural agricultural wages have been seen by some as signs of a crisis for the rural poor. Many acknowledge the role of pro-poor public welfare...
More »Bank mergers don't address crux of crisis: The nexus between lenders, borrowers and election funding -Christophe Jaffrelot
-The Indian Express To understand what is at stake in the NPA story, one needs first to understand why the public sector banks lent so much money to companies which are today unable to pay it back. India’s economic crisis that is finding expression in low-growth rates and high unemployment rates is partly due to the decline of investments, which is partly due to the fact that companies cannot get access...
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