-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,...

-The Indian Express Poorly designed policies are largely to blame for farm distress Successive governments have transformed an unevenly prosperous rural society to one which is evenly distressed. Small and marginal farmers now feel worse off than the landless. Most suicides have taken place in the families of such farmers, especially those with no source of non-farm income. For the sense of desperation that now pervades rural India, all political parties are...

-Business Standard A clear picture is likely to emerge only towards the end of June Mumbai: Rural distress owing to heavy unseasonal rains in March and the prospects of less-than-normal monsoon have made bankers “a cautious lot” at the start of this financial year. However, it is too early to conclude that the impact of rains, or the lack of it, would be bad. According to public sector bank executives, the assessment for...

-Hindustan Times They are called cafeteria sessions. At lunch time, Greenpeace fund-raisers wander among hundreds, sometimes thousands, of young men and women packing the cafeterias of Indian companies. It’s not a good idea to name these companies. Greenpeace’s activities include forest preservation, renewable-energy promotion and fighting on behalf of local communities. These appear to be popular causes among young professionals. Donations of Rs 300 to Rs 500 constitute about 80% of...

-Frontline   The BJP-led NDA government has, in the two Budgets it has presented so far, revealed itself to be very different from the pro-farmer image that its leading election campaigner and now Prime Minister, Narendra Modi, projected. THE Bharatiya Janata Party's manifesto for the 2014 Lok Sabha election states: "Agriculture is the engine of India's economic growth and the largest employer, and BJP commits highest priority to agriculture growth, increases in...