-The Financial Express A forensic report prepared for the Serious Fraud Investigation Office (SFIO) shows over a third of India's top 500 companies, including those in the top 100, are "managing" their accounts. It finds that companies where promoters hold more than 50% of total shareholding are more likely to take such steps to impress markets with their performance. Both domestic companies and subsidiaries of multinationals listed in India show similar trends...
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No slowdown in bank lending to agriculture sector -Radhika Merwin
-The Hindu Business Line This is result of lacklustre credit growth to India Inc and tough priority sector lending norms Credit growth in the banking system continues to languish below the 10 per cent mark, far lower than the 14 per cent seen a year back. But there is one segment that has managed to grow faster than last year - loans to the agriculture sector. These grew 16.5 per cent in...
More »Land acquisition: First, sow the seeds of security among farmers -Abhijit Banerjee
-Hindustan Times Many years ago, Jagdish Bhagwati, a very distinguished economist long before he became one of the patron saints of the NDA, published an important paper on what he called Directly Unproductive Activities or DUP. These bore a close relation to what his friend and well-known South Asia scholar, Anne Krueger, had called rent-seeking activities in some slightly earlier work. Both made the important point that the social cost of...
More »PM to farmers: Lies being spread on Land Acquisition Bill
-PTI NEW DELHI: With opposition mounting campaign over Land Acquisition Bill, Prime Minister Narendra Modi on Sunday reached out to farmers, telling them that "lies" are being spread over the measure for "political reasons" to create confusion among the farming community. Speaking on the issue over radio in his monthly 'Mann ki Baat' programme, he insisted there were some "lacunae" in the Land Act of 2013 "as it was enacted in a...
More »‘Bar independents, get companies to clear poll donations at AGMs’ -Maneesh Chhibber
-The Indian Express From barring independent candidates from contesting elections to making it mandatory for Corporates to seek shareholders' approval at their annual general meetings before donating funds to political parties, the Law Commission of India is set to recommend sweeping electoral reforms in its 255th report which will be submitted to the government on Thursday. Sources in the commission told The Indian Express that the panel has also opposed compulsory voting....
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