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Financial services secretary Rajiv Takru seeks details of top 50 NPAs from state-run banks

-The Economic Times  The finance ministry has told all state-run banks to disclose their 50 largest bad loans to help them make a recovery plan and establish a system for zero tolerance against wilful defaulters. In a recent meeting with heads of state-run banks, new financial services secretary Rajiv Takru told them to furnish details of their top 50 non-performing assets (NPAs), including loan sanctioning officer, terms of loan, the collateral furnished...

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A walk on the wild side

-The Economist Government borrowing generates inflation, widens the external deficit and crowds out much-needed investment. Can India now overcome its debt addiction? INDIA has grappled with its public finances for long enough. When presenting its first budget after independence in 1947, the finance minister of the day insisted that the country was not living beyond its means. Yet every budget since has failed to produce a surplus. India borrows more heavily...

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Budget 2013-14: Rs. 1,000 crore each for women, youth funds

-The Hindu   "To the women of India - we have a collective responsibility to ensure the dignity and safety of women. Recent incidents have cast a long dark shadow on our credentials. As more women enter public spaces...there are more reports of violence against them. We stand in solidarity with our girl children. We pledge to everything possible to keep them swcure. A number of measures are in the works...

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Broadband access can help bridge educational divides, empower students–UN report

-The United Nations Broadband connectivity has the potential to transform education by giving teachers and students access to learning resources and technologies that will allow them to improve their skills in the context of a globalized economy, according to a United Nations report released today. The report, Technology, Broadband and Education: Advancing the Education for All Agenda, argues that access to high-speed technologies over fixed and mobile platforms can help students acquire...

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Budget 2013: Chidambaram focuses on women, youth, poor in budget

-IANS To woo "ambitious" women, "impatient" youth and the poor, the Congress-led UPA government Thursday promised them more schemes and programmes as they "represent the vast majority of the people of India". "...before I close this part of my speech, I wish to draw a picture of three faces that represent the vast majority of the people of India," finance minister P Chidambaram said. "The first if the face of the woman. She...

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