-The Indian Express Even as the government has been trying to shore up PSB books through equity capital infusion and other measures, stressed assets have registered a steady rise since 2011. New Delhi: Between April 2014 and April 2018, the country’s 21 State-owned banks ended up writing off Rs 3,16,500 crore of loans even as they recovered Rs 44,900 crore written off on a cumulative basis — or less than one-seventh the...
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Government may bring legal backing for private companies to use Aadhaar
-The Economic Times NEW DELHI: The government could look at introducing new sectoral regulations or amending existing ones to allow entities such as banks and mobile companies to continue using the Aadhaar number for faster authentication and customer acquisition. Such use has been banned by the Supreme Court ruling that struck down parts of Section 57 of the Aadhaar Act that allow sharing of data in this manner. Inter-ministerial consultations will be...
More »As PMJAY scheme rolls out today, private hospitals in queue but none make the cut in Mewat -Abantika Ghosh
-The Indian Express On Sunday, Prime Minister Narendra Modi will roll out the Pradhan Mantri Jan Arogya Yojana (PMJAY), which will provide an annual health cover of Rs 5 lakh for 50 crore people in 26 states. Mewat: LEANING BACK on a steel chair at City Care Hospital in Nuh, Mohammed Haneef is patiently waiting for a doctor to treat his “throat pain”, unsure of what the bill will finally add up...
More »Looking for a new version of MGNREGA -Ashwini Kulkarni
-Livemint.com Merely putting the labour component of other projects in MGNREGA may not lead to any value addition There are several studies and reports that clearly show that the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) has accomplished its objectives to a large extent. Initially, this government derided the programme as some kind of a dole—but it later acknowledged its role in rural development, if reluctantly. The chief ministers’ council in...
More »What ails the Indian banking sector? -Pronab Sen
-Livemint.com The problem escalated due to the government’s focus on infrastructure during 2002-09, especially with the efforts made to promote public-private partnerships The past two years or so have seen rapidly increasing stress in the Indian banking sector, with non-performing assets (NPAs) steadily climbing from under 3% to over 13% of total assets. Loan-loss provisioning for NPAs has seriously eroded the capital base of several banks, limiting their ability to make further...
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