-The Economic Times  The finance ministry has told all state-run banks to disclose their 50 largest bad loans to help them make a recovery plan and establish a system for zero tolerance against wilful defaulters. In a recent meeting with heads of state-run banks, new financial services secretary Rajiv Takru told them to furnish details of their top 50 non-performing assets (NPAs), including loan sanctioning officer, terms of loan, the collateral furnished...

-The Hindu “The purpose of a Budget – and the job of a Finance Minister,” P. Chidambaram declared in his speech, “is to create the economic space and find the resources to achieve the socio economic objectives.” Now that the presentation of and the spate of initial responses to the budget are behind us, it may be appropriate to ask how far the Minister went in accomplishing his self-defined task. Mr. Chidambaram...

-MoneyControl.com The Survey calls for a re-prioritization of expenditure especially in the subsidy front by cutting down the subsidy bill in case of Oil and Fertilizer and by increasing the efficiency of Targeted Public Distribution System (TPDS) and Direct Benefit transfer.  “The Survey calls for a re-prioritization of expenditure especially in the subsidy front by cutting down the subsidy bill in case of Oil and Fertilizer and by increasing the efficiency of...

-The Hindu It has been insisting that the audit of KG-DWN-98/3 block not be made public Emboldened by the stagnation in the arbitration proceedings, the Mukesh Ambani-owned Reliance Industries Limited (RIL) has once again stalled the audit of KG-DWN-98/3 block by Comptroller and Auditor General (CAG) by refusing to furnish records, financial accounts and SAP access for the KG D6 block for the 2008-12 period on various grounds. It is learnt that RIL...

-The Guardian Inequity such as that symbolised by Antilla, the world's richest home, thwarts poverty reduction – and policymakers must act If you want a glimpse across the yawning chasm that separates the world's super rich from the ultra poor, there's no better place than Mumbai's Altamount Road. Look up and you'll see Antilla, the world's most expensive home. With spectacular ocean views, swimming and gym facilities, and no fewer than three helipads,...