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Auditor Extraordinaire: The Curious Case of NPA Underreporting in India -Hemindra Hazari

-TheWire.in At Axis Bank and Yes Bank, it appears that a single auditor of a member firm of Ernst and Young has overlooked gross NPAs of a staggering Rs 13,655 crore. Recently, Axis Bank and Yes Bank jolted the Indian banking community while releasing their annual results. Both banks disclosed a staggeringly large divergence between the banks’ audited accounts and the Reserve Bank of India’s (RBI)  findings regarding bad loans on the...

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Arhar roots traced to MP

-The Telegraph New Delhi: Five years after sequencing the pigeonpea genome, Indian scientists have identified Madhya Pradesh as the centre of origin of this nationwide staple legume and discovered genes they say will allow the expansion of pigeonpea cultivation. Scientists at the International Crops Research Institute for Semi-Arid Tropics (ICRISAT) near Hyderabad and their collaborators in Australia, China and the US yesterday announced the results of a new study that has traced...

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From plate to plough: An unfulfilled farm manifesto -Ashok Gulati & Siraj Hussain

-The Indian Express On agriculture, three years into the Modi government, while many steps have been taken to realise promises made in 2014, others have fallen by the wayside With the Modi government completing three years in office, it is time to assess its performance in various sectors. We focus here on agriculture. Without robust growth in agriculture, “sabka saath, sabka vikas” will remain an empty slogan. There are two ways to evaluate...

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No jobs? Let them eat... -Jayanta Roy Chowdhury

-The Telegraph New Delhi: The big red blotch on the Narendra Modi government's report card after three years in power is its dismal performance in job creation - and there are no indications that things will improve in the near future. Cold statistics from the government's labour bureau show that job growth plummeted in key sectors to its lowest levels in eight years in calendar years 2015 and 2016 at 1.55 lakh...

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After cap, rise in complaints that hospitals hiking price of non-stent components -Deepak Patel

-The Indian Express Responding to specific queries on the issue, Bhupendra Singh, NPPA chairman, told The Indian Express that “examination of hospital records is in process”. AFTER the National Pharmaceutical Pricing Authority (NPPA) in February ordered a cap on the prices of coronary stents and directed hospitals to issue separate bills specifying their cost, the drug pricing watchdog has started receiving consumer complaints against hospitals which are allegedly hiking the prices...

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