-The Hindu Business Line RBI Deputy Governor says such loans support economic activity, generate income & surplus Mumbai: Given the overexposure of the banking system to large corporates and the consequences thereof in the last few years, Reserve Bank of India Deputy Governor SS Mundra said lending to priority sector is good business for all the right and justifiable reasons. “The excessive lending to corporate sector was the outcome of what I call...
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India's children need a better deal -V Ramani
-The Indian Express For a country that aims to be a regional power, the data on child nutrition confirms that the situation is abysmal. Save for Bihar, six of the seven states with the highest incidence of stunting, for example, are ruled by the BJP or the BJP and its allies – Uttar Pradesh, Jharkhand, Meghalaya, Madhya Pradesh, Rajasthan, Gujarat and Bihar. After an agonising wait of over ten years, the...
More »Domestic help beaten: Separate exits, separate lifts, same story in Noida, Gurgaon -Sakshi Dayal & Aditi Vatsa
-The Indian Express “It doesn’t feel good to be forced to use the lift which residents don’t use. What is it about us that makes them not want to see us? But then, that is just the cost of doing the work we do and not being able to afford flats like these,” said Mohammad Shaafi, who works there. Noida/ Gurgaon: From separate elevators to different exits — domestic helps working in...
More »Minus money, PM 'model' loses sheen -Anita Joshua
-The Telegraph New Delhi: Parliamentarians, even those from the BJP, have been dragging their feet for the second year in a row over adopting villages in their constituencies (or states) under the Pradhan Mantri Sansad Adarsh Gram Yojana. Over a quarter into this fiscal, only 40 of the 788 MPs have identified gram panchayats for adoption under the programme, which mandates them to develop these villages into "model villages" for others to...
More »CVC examines CBI probe in top bank frauds, including Vijay Mallya's
-PTI CVC Commissioner says bankers need have no fear if their decisions are bonafide New Delhi: The Central Vigilance Commission (CVC) is supervising CBI's probe in 10 top bank fraud cases, including one involving fugitive businessman Vijay Mallya, and says bankers need have no fear if their decisions are bonafide. Vigilance Commissioner T M Bhasin told PTI that bankers need to "muster courage" to recover their money individually or collectively from defaulters. His assertion...
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