-The Economic Times Finance Minister P Chidambaram has warned corporate bigwigs against wilful defaults, reminding promoters that it was their duty to bring in additional capital if their companies got into trouble. "We cannot have an affluent promoter and a sick company," he said, in an apparent reference to the collapse of Kingfisher Airlines, owned by the flamboyant Vijay Mallya. Banks are stuck with nearly Rs 7,000 crore worth of loans they...

-The Indian Express Allahabad: The Allahabad High Court has dismissed a PIL seeking its directions to the authorities concerned for release of funds to a particular kshetra panchayat under Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA). The court said that it would not like to enter into something that was a policy matter and also because there have been several complaints of alleged misuse of Money under the MGNREGA. The PIL was...

-Live Mint Experts say private banks achieve lending obligations by buying out loans from non-banking entities Most private banks in India have not been able to meet the needs of farmers although they are expanding their rural and semi-urban branch network. This is why the Reserve Bank of India (RBI) is insisting that at least one-fourth of the branches of the new banks that will be given a licence must be located...

-The Hindustan Times The Gandhian crusader, Anna Hazare on Sunday claimed that he has sufficient proof of alleged corruption and irregularities committed in the “farmers’ loan waiver scheme” of the Centre, which was brought to light by the CAG report recently. Hazare, who was in Nagpur on a two-day tour in eastern Vidarbha said, “If the government is interested in going through the proofs, I am willing to hand over to them.” The...

-IANS Kolkata: A youth was quizzed by police on Sunday after he asked a minister why Chief Minister Mamata Banerjee did not visit a slum in West Bengal where 700 shanties were destroyed in fire on Saturday. The incident happened during Urban Development Minister Firhad Hakim's visit to Sholo Bigha slum in the Maheshtala Santoshpur area of South 24-Parganas where a blaze had rendered 1,500 people homeless on Saturday morning. Pratap Naskar, who...