-DNA What is worse is that just the top 30 cases of default account for a Rs 1.21 lakh crore, which is almost 40% of the Non Performing Assets (NPAs) in banks. The upper middle class, who usually takes loans of over Rs 1 crore, accounts for 33% of the total NPAs. It's not the poor farmers or the middle class who are defaulting on their loans. It's the country's super rich,...
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Realty sector: Getting the foundation right
-The Indian Express As several steps taken by the Centre for the sector hangs fire, clarity and implementation of ‘Housing for All’ scheme would be the key for its success. The Union Cabinet approved its flagship ‘Housing for All’ scheme this week, with a 2022 target and a renewed emphasis on the low-income group categories by way of relaxed income limits and higher interest subvention. While the government seems to have struck...
More »Who cares for the small farmer? -PSM Rao
-The Hindu Business Line Not the RBI, going by the revised priority sector lending norms, which will further reduce credit to the marginalised Prime Minister Narendra Modi has often expressed his sense of anguish at the plight of farmers. In a recent statement in the Lok Sabha, he noted that the agriculture community’s problems were “old, deep-rooted and widespread”, and stated that farmers cannot be left to fend for themselves. Implicit in that...
More »Govt to test samples of packaged, bottled milk
-The Indian Express New Delhi: Officials said other dairy products like milk powder, processed cheese, butter and flavoured milks would also be included in the drive. After the scare over detergent being found in some Mother Dairy milk samples in Agra, state health officials said the Delhi Food Safety department will also be collecting samples of packaged and bottled milk for safety analysis. Officials said other dairy products like milk powder, processed cheese,...
More »Pool of experts on workplace abuse -Ananya Sengupta
-The Telegraph New Delhi: The National Commission for Women has decided to form an expert panel to help institutions deal with complaints of sexual harassment at workplace after many organisations said it was difficult finding a "credible outsider" who could be part of their internal committees. At least one employer, who had approached the NCW for advice, said it was tough to decide who was credible enough and claimed that the solution...
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