-The Hindu Bubble createdby them resulted in high NPAs Banks caused a bubble, failed to do due diligence and lent more than what was warranted to developers, and this has led to the high Non-Performing Assets (NPA) arising out of the road sector, Road Secretary Vijay Chhibber told The Hindu in an exclusive interview on Wednesday. “The banks have killed the road sector,” he said. “There was a bubble because the banks would...
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LPG subsidy transfer: Centre’s savings not more than Rs 143 cr, while it claims Rs 12,700 cr -Udit Misra
-The Indian Express The NDA initially reintroduced DBT for LPG in 54 districts in mid-November 2014, with nationwide roll out to all districts from January 2015. A study by the International Institute for Sustainable Development (IISD) states that the government’s claims of savings due to a shift towards direct benefit transfer (DBT) for LPG (also called PAHAL) are “large overestimates”. IISD has shown that as against the publicly touted figure of...
More »Smart cities or smart pilots? -Nitin Sethi & Ishan Bakshi
-Business Standard No 'smart city' will be created in the next five years, though a successful programme could see several smart colonies come up across the country The National Democratic Alliance government's ambitious Smart Cities programme will at best be able set up only 100 pilot projects in the first five years. Contrary to general perception, no 'smart city' will be created in the next five years, though a successful programme could...
More »Digital India needs to go local -Amit Prakash
-The Hindu Digital infrastructure may not be of much help in addressing governance and development concerns unless it is integrated into the wider structural and institutional reforms Digital India is the flavour of the season, and not without any reason. Digital technologies have permeated into more and more aspects of our private and public life spaces. A lot of us increasingly depend on them to order groceries, book a taxi ride or train...
More »Collateral-free loans offer hope to women -Sidhartha K
-The Times of India NEW DELHI: Until recently, Rajni, who lives in Tilak Nagar in west Delhi, used to work in a boutique. Now, she has decided to have her own setup, for which she has borrowed Rs 50,000 from Punjab National Bank. "I haven't decided whether I will take up a place or do it from home," she said. In Bawana, on the outskirts of Delhi, Kamla has taken a loan from...
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