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SC asks RBI for details of firms that have defaulted on loans of over Rs 500 crore -Shreeja Sen

-Livemint.com The Supreme Court has asked RBI to submit the information within six weeks New Delhi: The Supreme Court (SC) on Tuesday asked the Reserve Bank of India (RBI) to furnish details of companies that have defaulted on loans amounting to more than Rs.500 crore in sealed covers within six weeks. The court made the central bank a party to a 2005 case related to bad loans advanced to a few companies...

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Rural distress worsens across India -Sayantan Bera

-Livemint.com Telangana 9th state to declare drought, adding to the agrarian crisis and posing a threat to the rural economy New Delhi: Telangana has declared a drought in parts of the state, becoming the ninth state this year to do so, highlighting the agrarian crisis that could cause a likely fall in the production of rain-fed crops such as pulses, oilseeds and cotton, and result in a further slowing of the...

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Modi hits out at ‘poverty alleviation industry’ -Puja Mehra

-The Hindu He stressed that his government seeks to roll out inclusive reforms that will lead to better lives for people and not just better headlines in pink newspapers. Prime Minister Narendra Modi on Friday said that India’s performance on all economic parameters, including inflation and foreign investments, is now better than when his government joined office 17 months back. Speaking at the Delhi Economics Conclave 2015, Mr. Modi stressed that...

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Weaving together heritage and social equity -SK Panda

-The Hindu Business Line The Prime Minister will launch the India Handloom brand today, the country’s first National Handloom Day India’s handloom fabrics are an integral part of the rich culture and heritage of India, and are appreciated world over for their colour, texture and design. During our freedom struggle, Mahatma Gandhi had stressed the need for hand spinning, handloom weaving and wearing India-made fabrics; thus khadi became an integral part of...

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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...

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