-The Indian Express The Finance Ministry directed smaller PSBs to cut their corporate loan exposure to 25 per cent of their risk-weighted Assets over the medium term and focus more on retail lending. Corporate loans corner the lion’s share of rising bad loans in public sector banks while retail loans have a far superior track record when it comes to timely repayment, according to the latest available Reserve Bank of India...
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NREGA turns its focus on farm ponds -Aswin J Kumar
-The Times of India Thiruvananthapuram: The efforts of district NREGA cell to recreate Assets to deal with possible drought situation have produced good results in some of the rural panchayats in the district. Construction of farm ponds which was extensively carried out under employment guarantee scheme has gifted the district with over 2,000 farm ponds in areas where agriculture is the predominant occupation. The move also triggered a shift from the usual...
More »90 per cent Rajya Sabha MPs are crorepatis: ADR report
-PTI NEW DELHI: Nearly 90 per cent of the Rajya Sabha MPs are crorepatis while the average of total Assets Upper House parliamentarians is Rs 55 crore, says a report. The report is based on an analysis of the self-sworn affidavits of 229 out of 233 sitting Rajya Sabha MPs by the National Election Watch and Association for Democratic Reforms (ADR). "Out of the 229 sitting Rajya Sabha MPs analysed, 201 (88 per...
More »We mean business, mostly -Pradeep Narayanan & Dheeraj
-The Hindu Business Line Lack of financial transparency and social inclusion is at the root of India’s lopsided growth story, finds the India Responsible Business Index ‘Sab kuchh dikhta hai (everything is visible)’, the tag line of the now controversial Rotomac pens seems to assume a sinister meaning in light of the recent financial fraud involving owners Vikram and Rahul Kothari. The recently unearthed Nirav Modi scam, with no LoU [Letter of Understanding]...
More »Indian Banking: Current Challenges & Alternatives for the Future -CP Chandrasekhar and Jayati Ghosh
-Macroscan.org Indian banking today is at a tipping point. Banks are burdened with non-performing Assets, incurring significant losses due to provisioning and unable to sustain credit growth, and therefore changes are both necessary and inevitable. There are possible strategies with very different implications: many leading banks could be restructured with state support and encouraged to regain the status they had as major instruments of development policy in the two decades after...
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