-The Economic Times In what could hobble the government's plans to give Aadhar a key role in banking and a central pin of the direct cash transfer scheme, several state-run banks have refused to bear any liability for transactions done with customers that were authenticated through the unique identity (UID) mechanism. Banks and the Reserve Bank of India (RBI) had been convinced by the finance ministry to use Aadhar to fulfill the...
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Kisan Credit Cards: Bad loan bubble waiting to burst?-Dinesh Unnikrishnan
-Live Mint Subsidized loans given to farmers through KCCs could very well be the next big source of NPAs for banks Mumbai: A surge in exposure to farm debt through Kisan Credit Cards (KCCs) could emerge as a risk for India's state-run banks, according to experts. Subsidized loans are given to farmers through KCCs by state-owned banks. Until March 2012, the outstanding amount on such loans was`1.6 trillion through 20.3 million cards, as...
More »Grieving father of student leader blasts Mamata
-The Hindustan Times Deceased SFI leader Sudipta Gupta's father said chief minister Mamata Banerjee was ‘off her head' after she seconded police claims that the youth died as he hit a lamp post. Sudipta's father Pranab also did not take comfort in Mamata's claims of solidarity with the family. "The chief minister is off her head. Is this justice?" a beleaguered Gupta asked, moments after Mamata's visit to SSKM hospital on Wednesday...
More »'Paid news a complex problem'
-The Hindu The Election Commission on Wednesday said that paid news was a very "complex problem" and it had taken the issue seriously to ensure a level-playing field to all political parties and candidates in the elections to the Legislative Assembly on May 5. Addressing a media workshop on electoral process here, Director-General at the Election Commission, Akshay Rout, said: "Paid news is a complex issue and it had disturbed the political...
More »Indian Express-ICIJ probe: Vijay Mallya, Ravikant Ruia in tax havens -Ritu Sarin
-The Indian Express The 612 Indians on the list of those who have invested in tax havens such as the British Virgin Islands include two MPs, a former royal and top industrialists. RITU SARIN puts together details of 20 among them SONU LALCHAND MIRCHANDANI Mirchandani is the founder of popular consumer electronics firm Onida. Mirchandani and his wife, Soni, opened a BVI company called Strong Wing Overseas Ltd in 2006 with an authorised...
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