-Live Mint CERC calls for a variable ‘compensatory tariff' to be offered to Adani Power till fuel situation stabilizes In an unprecedented move, India's apex power sector regulator offered a bailout package to Adani Power Ltd in a late Tuesday order to offset losses on account of the unexpected increase in the prices of imported coal and the unavailability of domestic coal for the company's 4,620 megawatts (MW) thermal power project at...
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Kisan Credit Cards: Bad loan bubble waiting to burst?-Dinesh Unnikrishnan
-Live Mint Subsidized loans given to farmers through KCCs could very well be the next big source of NPAs for banks Mumbai: A surge in exposure to farm debt through Kisan Credit Cards (KCCs) could emerge as a risk for India's state-run banks, according to experts. Subsidized loans are given to farmers through KCCs by state-owned banks. Until March 2012, the outstanding amount on such loans was`1.6 trillion through 20.3 million cards, as...
More »Girl cries molestation, HC gives bank officer bail says, 'holds high post' -Mayura Janwalkar
-The Indian Express Mumbai: The Bombay High Court on Wednesday granted anticipatory bail to a senior bank official accused of molesting a teenage girl, saying that "he is a high-profile person and has been exposed to humiliation already". Joginder Singh, a deputy general manager with the Oriental Bank of Commerce, was booked by the police for allegedly molesting a 16-year-old girl in the lift of his residential building in Vile Parle on...
More »Mumbai businessman wins battle with police over 'indecent' kiss
-AFP A man arrested for indecency after he kissed a female friend on the cheek says he has finally been acquitted after a battle lasting more than a year against Mumbai police. Kuber Sarup, 26, was hauled to a city police station in February last year after an officer witnessed the alleged obscenity - a goodbye hug and a "peck on the cheek" - in the fashionable Bandra suburb. "He gave me a...
More »Common timetable for admissions under RTE-Asha Sridhar
-The Hindu Chennai: Private non-minority unaided schools in the city will, hereafter, have to follow a streamlined admission procedure for intake of students under the 25 per cent quota mandated by the Right of Children to Free and Compulsory Education Act, 2009. A government order (G.O.) issued by the school education department on Monday prescribes not just a common schedule for issue of application forms and declaration of admission results, but also...
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