-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,...
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Monsoon in India: Rain deficit to hit several crops -Banikinkar Pattanayak
-The Financial Express The Narendra Modi government has pledged to employ all machinery at its disposal to deal with a second straight year of deficient monsoon. The Narendra Modi government has pledged to employ all machinery at its disposal to deal with a second straight year of deficient monsoon and denied an impending distress in the vulnerable pockets of the country, but a dispassionate look at the ground situation would show there...
More »Only 'bure din' for us, say farmers -Omar Rashid
-The Hindu Govt. accused of backtracking on promise of loan waiver Mumbai: Farmers in Maharashtra are using the phrase bure din (bad days) to describe their condition. Akshay Tale last spoke to his close friend Neelesh Walke at around 2.45 p.m. on December 30 last year. Neelesh, who faced a Rs. 2 lakh debt, seemed anxious but showed no signs that he was considering any extreme step. At around 4 p.m., Neelesh, barely 23,...
More »Unlike Salman Khan, 60% of undertrials spend 3 months in jail before Bail -Deeptiman Tiwary
-The Times of India NEW DELHI: While superstar Salman Khan secured Bail in barely three hours after his conviction in a hit-and-run case, for majority of ordinary undertrials in the country it takes a minimum of over three months to get Bail. According to government data, over 60% of undertrials spend more than three months in jail before they can secure release. The prolonged incarceration is due to the inability of...
More »Crop burning: Habits die hard in Punjab, Haryana
-IANS CHANDIGARH: They have been warned, threatened with prosecution and even offered inducements. But a number of farmers in Punjab and Haryana seem disinclined to stop their environment-unfriendly bi-annual exercise of burning crop residue, cited by environmentalists as one of the prinicipal causes of dust haze and air pollution in Delhi and northern India. With the wheat harvest in both the states nearly over, authorities are attempting in whatever they can to...
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