-Live Mint Subsidized loans given to farmers through KCCs could very well be the next big source of NPAs for banks Mumbai: A surge in exposure to farm debt through Kisan Credit Cards (KCCs) could emerge as a risk for India's state-run banks, according to experts. Subsidized loans are given to farmers through KCCs by state-owned banks. Until March 2012, the outstanding amount on such loans was`1.6 trillion through 20.3 million cards, as...
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Adani Power lifeline may set precedent -Utpal Bhaskar and Maulik Pathak
-Live Mint CERC calls for a variable ‘compensatory tariff' to be offered to Adani Power till fuel situation stabilizes In an unprecedented move, India's apex power sector regulator offered a bailout package to Adani Power Ltd in a late Tuesday order to offset losses on account of the unexpected increase in the prices of imported coal and the unavailability of domestic coal for the company's 4,620 megawatts (MW) thermal power project at...
More »Despite Maken’s plea, 43 houses pulled down in Mumbai slum
-The Hindu Mumbai: Despite Union Minister of Housing & Urban Poverty Alleviation Ajay Maken's plea to the Maharashtra Chief Minister Prithviraj Chavan for stopping the demolition of the houses of slum-dwellers, 43 houses were pulled down at the Golibar slum here on Wednesday, under the supervision of the Collector's office. The activists of the National Alliance of People's Movement (NAPM) have alleged that Shivalik Ventures, which develops the prime property of...
More »Man-made drought
-The Business Standard Politics means sugarcane gets Maharashtra's scarce water The drought in a large part of Maharashtra, said to be the worst since 1972, may have been triggered by poor rainfall in the last monsoon season - but it has been compounded by mismanagement of the available water. Nearly one-third of the state's population living in the 15 drought-hit districts in and around the Marathwada region is facing a severe scarcity...
More »Ajay Maken ticks off Chavan, tells him to stop slum demolition
-The Hindu Mumbai: Union Minister for Housing and Urban Poverty Alleviation Ajay Maken on Tuesday wrote to Maharashtra Chief Minister Prithviraj Chavan, asking him to stop demolition of the houses of slum dwellers, after a delegation of the National Alliance of People's Movements headed by Medha Patkar met him in New Delhi. He asked Mr. Chavan to see that the Rajiv Awas Yojana (RAY) was implemented with much more enthusiasm and in...
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