-TheWire.in Public sector NPAs of loans issued under the scheme have increased by Rs 9,204.14 crore in just one year – from Rs 7,277.31 crore in March 2018 to Rs 16,481.45 crore in March 2019. New Delhi: The non-performing assets (NPAs) under Prime Minister Narendra Modi’s ambitious Pradhan Mantri Mudra Yojana (PMMY) doubled within one year. This information was obtained through an RTI petition filed by The Wire. In a written reply to...
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Bank Frauds Zoom to Rs 71,500 Crore in 2018-19
-PTI A total of 6,800 cases of fraud were reported by scheduled commercial banks and some financial institutions in last fiscal, the RBI said in an RTI query. New Delhi: Over 6,800 cases of bank fraud involving an unprecedented Rs 71,500 crore have been reported in 2018-19, the Reserve Bank of India (RBI) has said. A total of 5,916 such cases were reported by banks in 2017-18 involving Rs 41,167.03 crore, it said. As...
More »CIC tells RBI to give defaulters names to RTI applicant
-Deccan Chronicle The RTI Act provides for a two-stage dispute resolution process. Mumbai: The Central Information Commission (CIC) has directed the RBI to disclose the list of big loan defaulters it had sent to various banks for resolution. The CIC's directive came while deciding on a plea by an RTI activist, who had based the Right to Information application on media reports that RBI Deputy Governor Viral Acharya in a lecture in 2017...
More »Why is the government merging India's statistics bodies? -Dhirendra Tripathi
-Livemint.com * NSSO and CSO are to be merged into what will be known as NSO * The order puts the merged entity under Mospi secretary The ministry of statistics and programme implementation (MoSPI) passed an order on 23 May to merge the Central Statistics Office (CSO) and National Sample Survey Office (NSSO) into the National Statistical Office (NSO). Mint analyses what led to the decision. * When was a revamp of the statistical...
More »Government's key agenda must be to accelerate growth -C Rangarajan
-The Hindu Only a fast-growing economy can generate surpluses needed to create jobs and sustain social safety nets Now that the general election is over, the time has come to pay serious attention to the economy. The national income numbers continue to be controversial. No serious policy decision can be taken with ambiguous numbers. Nevertheless, even with the new official numbers it is clear that growth is slowing down. As in the...
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