-The Times of India MUMBAI: Private sector bankers say that if NDTV's loan settlement with ICICI Bank is termed criminal, it could hit resolution of bad debts. The concerns follow the Central Bureau of Investigation (CBI) alleging that ICICI Bank officials may have caused wrongful gains to NDTV promoters by agreeing to cut the interest RATe to settle the loan. "Settlement of any stressed loan involves some sacrifice by the banker. Often...
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How demonetisation crippled bank lending -Paras Chakravarty
-Livemint.com Bank loans to rural India were the most affected, but other parts of the country also saw a deceleRATion in credit growth, RBI data shows It is, of course, well known that the growth of bank credit slowed in the second half of 2016-17 due to demonetisation. Reserve Bank of India (RBI) data shows that as on 30 September 2016, the annual RATe of growth of bank credit was 12.1%. That...
More »Stunting scare for Bihar's children -GS Mudur
-The Telegraph New Delhi: Four out of every 10 children in Bihar suffer from stunting, a condition marked by impaired growth and development, despite overall improvements by the state on several measures of nutrition over the past decade, a report has said. The report by the International Food Policy Research Institute (IFPRI) that analysed changes in Bihar between 2006 and 2016 has found that in 36 out of the state's 38 districts,...
More »Where are the jobs? -Himanshu
-Livemint.com The BJP government, which came to power on the promise of creating 20 million jobs per year, has not yet recognized the gravity of the situation The Central Statistical Office (CSO) has released the full-year growth estimates for 2016-17. These had been much awaited given the uncertainty over the impact of demonetization. These were on expected lines, with fourth quarter growth in gross value added (GVA) in 2016-17 declining to 5.6%...
More »Madhya Pradesh forest department violates FRA, seizes tendu leaves from tribals -Ishan Kukreti
-Down to Earth The leaves were reportedly confiscated as the women were selling them to buyers other than the forest department Without any legal RATionale, the officials of Madhya Pradesh Forest Department seized tendu leaves collected by 24 tribal women in Barwaha village near Mungaoli town. The incident happened on May 31 when the women were returning after collecting the leaves. The leaves, used in rolling beedis, are a part of the...
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