-DNA What is worse is that just the top 30 cases of default account for a Rs 1.21 lakh crore, which is almost 40% of the Non Performing Assets (NPAs) in banks. The upper middle class, who usually takes loans of over Rs 1 crore, accounts for 33% of the total NPAs.  It's not the poor farmers or the middle class who are defaulting on their loans. It's the country's super rich,...

-ABP Live Some days back the death of Surjit Singh, who had met Rahul Gandhi a few days before he committed suicide, once again brought the focus on the tragic but unresolved issue of farmer suicides. A few days after Surjit Singh consumed sulphos tablets, another 36-year-old farmer, Baljinder Das Bairagi from Sangrur, hanged himself from a ceiling fan. He carried an outstanding loan of Rs 7-lakh. A survey done by three...

-The Hindu Business Line Not the RBI, going by the revised priority sector lending norms, which will further reduce credit to the marginalised Prime Minister Narendra Modi has often expressed his sense of anguish at the plight of farmers. In a recent statement in the Lok Sabha, he noted that the agriculture community’s problems were “old, deep-rooted and widespread”, and stated that farmers cannot be left to fend for themselves. Implicit in that...

-Business Standard Unaware of govt's proposals, unions tell labour minister Reacting to the Union government’s move to give industries flexibility in hiring contract workers, trade unions on Tuesday charged the National Democratic Alliance (NDA) government with violating consultation norms. “This is gross violation of the basic norm of tripartism and the Citu (Centre of Indian Trade Unions) hereby lodges its protest against such violation,” Tapan Sen, general secretary of Citu, said in a...

-The Hindu PSUs fare better; only 16 corporates, big and small, have shown some interest in the endeavour. The Narendra Modi government has been facing accusations of being “corporate-friendly,” but it seems to be a one-way street when it comes to the corporates loosening their purse strings to contribute to the Swachh Vidyalaya (Clean School) campaign. According to the progress report card of the Swachh Vidyalaya, Swachh Bharat (Clean School, Clean India) campaign,...