-TheWire.in At Axis Bank and Yes Bank, it appears that a single auditor of a member firm of Ernst and Young has overlooked gross NPAs of a staggering Rs 13,655 crore. Recently, Axis Bank and Yes Bank jolted the Indian banking community while releasing their annual results. Both banks disclosed a staggeringly large divergence between the banks’ audited accounts and the Reserve Bank of India’s (RBI)  findings regarding bad loans on the...

-The Financial Express The agriculture ministry is not reconciled to the grip which Monsanto has on the Indian cottonseed industry owing to the immense preference for its patented, genetically-modified (GM) bollworm-resistance traits. On May 16, Additional Solicitor-General Tushar Mehta intervened in a dispute between Monsanto and its biggest (now divorced) sub-licensee, Hyderabad-based Nuziveedu Seeds. He made written submissions on behalf of the government, a week after hearings on the matter had...

-Livemint.com Research provides evidence that a blanket farm loan waiver scheme is detrimental to the development of credit markets The Bharatiya Janata Party (BJP) won the 2017 state elections in Uttar Pradesh with a thumping majority and once again, the state government has a debt-waiver package ready to be implemented. The BJP’s electoral manifesto had committed to write off loans of small and marginal farmers, which would approximately cost the government Rs37,000...

-The Times of India NEW DELHI: The Law Commission is ready to submit to the Centre a set of recommendations intended to bring in revolutionary changes in bail jurisprudence which, if implemented, would help the release of the poor among the over 2.38 lakh undertrial prisoners languishing in jails for years. The commission's report on amendments to bail provisions has been finalised and the radical recommendations, if accepted by the government and...

-IANS Crimes from murders to rapes to dacoities to caste conflicts and communal tensions Lucknow: Two months is not a long time in politics to fall from grace, especially when a landslide of public support has propelled you to power. But in Uttar Pradesh, the honeymoon period of the Yogi Adityanath-led Bharatiya Janata Party (BJP) government seems to have been spiked by a series of incidents of heinous crimes and law and order...