-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 Hindu Business Line Not the RBI, going by the revised priority sector lending norms, which will further reduce credit to the marginalised Prime Minister Narendra Modi has often expressed his sense of anguish at the plight of farmers. In a recent statement in the Lok Sabha, he noted that the agriculture community’s problems were “old, deep-rooted and widespread”, and stated that farmers cannot be left to fend for themselves. Implicit in that...

-The Hindu PSUs fare better; only 16 Corporates, big and small, have shown some interest in the endeavour. The Narendra Modi government has been facing accusations of being “corporate-friendly,” but it seems to be a one-way street when it comes to the Corporates loosening their purse strings to contribute to the Swachh Vidyalaya (Clean School) campaign. According to the progress report card of the Swachh Vidyalaya, Swachh Bharat (Clean School, Clean India) campaign,...

The fifth CMS VATAVARAN Young Environmental Journalism Awards is now inviting entries from journalists representing print, broadcast and online media. The last date for receiving the entries is July 31st 2015. The fifth CMS VATAVARAN Young Environmental Journalism Awards is now inviting entries from journalists representing print, broadcast and online media. The CMS VATAVARAN Young Environmental Journalism Awards aim to recognise and reward excellence in environmental journalism by young journalists...

-IANS Corporates owed over Rs.4.85 lakh crore to the government as outstanding dues under direct and indirect taxes towards the end of the last fiscal, parliament was told on Tuesday. "The total outstanding tax demand pending collection under the head corporate tax under the Direct Tax laws as on February 28 is over Rs.3.20 lakh crore," Minister of State for Finance Jayant Sinha told the Rajya Sabha in a written reply. As on...