-Business Standard A clear picture is likely to emerge only towards the end of June Mumbai: Rural distress owing to heavy unseasonal rains in March and the prospects of less-than-normal monsoon have made bankers “a cautious lot” at the start of this financial year. However, it is too early to conclude that the impact of rains, or the lack of it, would be bad. According to public sector bank executives, the assessment for...
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India's farmers face harder life ahead, say latest studies -Max Martin
-Business Standard/ IndiaSpend.org Complex changes in local and global weather patterns will have severe implications for India's 600 million farming community The unseasonal rain and erratic weather unsettling the Indian farmer—and the nation’s agriculture, economy and politics—are no aberrations. Extreme rainfall events in central India, the core of the monsoon system, are increasing and moderate rainfall is decreasing —as a part of complex changes in local and world weather—according to a clutch of...
More »Low rainfall may affect bank non-performing assets
-Livemint.com/ India Ratings Report by India Ratings & Research Non-performing loan ratio of agriculture loan portfolio could double for some banks The asset quality of India’s agricultural credit could be significantly affected by crop damage due to untimely hail and rain in March, according to India Ratings and Research. The non-performing loan (NPL) ratio of the agriculture loan portfolio could double for some banks, though the reduction of overall return on average assets...
More »After Nepal quake, India may be next: Experts -Trina Joshi
-IANS In the wake of the strong 7.9 magnitude earthquake that killed over a 1,500 people in Nepal and left a swathe of devastation in the northern Himalayas on Saturday, experts said a temblor of equal intensity is "overdue in northern India." "An earthquake of the same magnitude is overdue. That may happen either today or 50 years from now... in the region of the Kashmir, Himachal, Punjab and Uttrakhand Himalyas. Seismic...
More »Delhi at high seismic risk with unplanned growth, flouting of norms -Moushumi Das Gupta
-Hindustan Times New Delhi: About half of Delhi would have flattened out had the epicentre of Saturday's morning earthquake been in or near the national capital. DK Paul, professor emeritus at IIT Roorkee's earthquake engineering department and part of the team that carried out a microzonation study of the capital in 2007, told HT that devastation in Delhi would be many times more not only on account of its high seismicity (it...
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