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Corporates make 73% of public sector bank bad loans -Sunny Verma

-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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Does Aadhaar FIR name journalist? Yes, no -Sanjay K Jha

-The Telegraph New Delhi: Different answers by two Union ministers to the same question have left the "victim" bewildered. The conflicting answers have both been given in Parliament, making a mockery of the principle of "collective responsibility" of the government. While information technology and law minister Ravi Shankar Prasad had on February 2 stated that an FIR had been registered against unknown persons over a newspaper report on Aadhaar data breach, junior home...

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Why South India states are objecting to Finance Commission's mandate -Ajai Sreevatsan

-Livemint.com Use of population figures from 2011 census instead of 1971 census for sharing tax revenue among states triggers opposition from South India New Delhi: A political storm is brewing in South India over what is normally a largely unnoticed bureaucratic exercise undertaken once in five years to determine how India distributes its pooled tax revenues among its many states. Several chief ministers and opposition leaders of southern states have expressed vehement opposition...

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Modi govt's one success story: Accelerated Irrigated Benefits Programme -Amitabh Sinha

-The Indian Express The last two years have seen some progress in expediting completion of unfinished major and minor canal projects. Pune: Sustained efforts over the last two years to improve irrigation access for farmers in India seem to have begun showing results, at least in terms of creation of physical infrastructure. The Narendra Modi government had, in 2016, embarked on a mission to complete all unfinished major and medium irrigation projects – some...

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