-PTI The presiding members of Lok Adalats must ensure that litigants are not "intimidated" or "misled" to give their consent to the decisions as they are final and cannot be appealed against, Chief Justice of India P Sathasivam said. Terming Lok Adalats as an effective mode of settling disputes, the CJI said they provide an "approachable" forum to the poor, weaker and less-informed sections and should not be allowed to be used...
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Thousands evacuated, life thrown out of gear as Helen makes landfall
-The Hindu HYDERABAD / KAKINADA / ELURU: Several thousand people were evacuated from low-lying areas, standing crops in a few lakh acres were marooned and coconut trees and electric poles were uprooted in the three coastal districts of Andhra Pradesh as the severe cyclonic storm Helen made a landfall near Machilipatnam on Friday afternoon. Even after landfall, the system was expected to maintain the intensity of cyclonic storm for six hours and...
More »Muzaffarnagar riots: For Rs 5 lakh, 900 families give up their right to return home -Pritha Chatterjee
-The Indian Express Muzaffarnagar: With winter setting in, and the conditions in Relief camps fast deteriorating, over 900 displaced families in Muzaffarnagar and Shamli districts have signed affidavits stating that they will not return to their villages, in return for a compensation of Rs 5 lakh from the state government. "Main aur mere parivar ke sadasya apne gram mein hui hinsatmak ghatnaon se bhayakant hokar gaon va ghar chhodkar aaye hain, tatha...
More »Clarity on loan waivers
-The Asian Age Reserve Bank deputy governor K.C. Chakraborty has finally set the record straight on what is well known in left-wing development circles: that Corporate India's loans waived by banks are more (over Rs. 1 lakh crore in the past 13 years) than farm loans to the tune of Rs. 60,000 crores written off under the Debt Waiver and Debt Relief Scheme. More revealing is that medium and large units have...
More »Rs 1 lakh crore bad loans of corporates written off: RBI-Mayur Shetty
-The Times of India MUMBAI: Data collected by Reserve Bank of India over a period of one year blows the lid off what goes as loan classification in banks. In a presentation at the annual bankers' conference, RBI deputy governor K C Chakrabarty showed how banks have sacrificed over Rs 1 lakh crore by writing off bad loans to corporates, which is much higher than Union finance minister P Chidambaram's farm...
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