-The Times of India MUMBAI: Data collected by Reserve Bank of India over a period of one year blows the lid off what goes as loan classification in banks. In a presentation at the annual bankers' conference, RBI deputy governor K C Chakrabarty showed how banks have sacrificed over Rs 1 lakh crore by writing off bad loans to corporates, which is much higher than Union Finance minister P Chidambaram's farm...

-The Times of India WARSAW: Though the ongoing climate talks has failed to bring cheer to developing countries as rich nations have, so far, not made any commitment to set aside a corpus to battle global warming, hope springs eternal for the negotiators. They are expecting that the high-level ministerial round may throw up a pleasant surprise, where developed countries would finally pledge a sum -$20-$30 billion annually - for assisting poor...

-The Indian Express For the Bharatiya Mahila Bank, the country's first pan-India national women's bank, it is a humble rural cooperative women's venture in Maharashtra that has provided the critical input to succeed: How to lend to women who do not have collateral to back their loans. Chetna V Sinha, founder and chairperson of Mann Deshi Mahila Sahakari Bank, explained that this is the prime weakness in giving loans to women. The...

-The Hindu Warsaw: The G77+China group delivered an ultimatum to the developed countries on the issue of Loss and Damage, threatening to walk out of the Warsaw negotiations if the developed countries did not stop blocking it. The ultimatum was delivered by the G77+China negotiator Juan Hoffmeister, who is leading the talks on the issue for the developing country block, at a closed door meeting on Saturday evening, raising the stakes...

-PTI Soaring inflation, high fuel cost, rising cost of education and health insurance premiums have eroded the real incomes of middle-class Indian families, with household savings rates dropping by a staggering 40 per cent in the last three years, says an Assocham survey. "Poor households are unable to maintain the consumption levels at current prices while middle income families find their purchasing power erode fast, thus having far less surplus money," Assocham...