-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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Farm loan waivers by states might hit Rs 2,57,000 crore by 2019 elections: BofA-ML Report
-ENS Economic Bureau 'Such waiver would prove counter-productive for the RBI’s measures to clean up bank balance sheets' Mumbai: With Maharashtra also joining the farm loan waiver bandwagon, various state governments are expected to waive off $40 billion, or Rs 2,57,000 crore, of farmers’ loans in the run-up to the 2019 general elections in the country, a global banking group has said. Farm loan waivers will amount to 2 per cent of...
More »Law Commission moots easier bail for poor
-The Telegraph New Delhi: The Law Commission has urged the government to amend the Criminal Procedure Code to make it easier for poor and illiterate accused to secure bail, and against "reasonable" bonds. It has Stressed that the rich tend to receive bail easily in the country whereas the poor are denied bail outright or are set bail bonds that are beyond their ability to pay. It has also highlighted that over 70...
More »Shame of unpaid debt a key reason for farmer suicides, finds study -Sayantan Bera
-Livemint.com The RBI-commissioned study listed faulty crop choices and aspirational consumption patterns as other major factors for farmer suicides New Delhi: Shame arising out of inability to repay loans taken from relatives and acquaintances is a key reason for farmers resorting to suicide, a study commissioned by the Reserve Bank of India (RBI) found. The study titled “Lives in debt: narratives of agrarian diStress and farmer suicides”, conducted by researchers at Shiv Nadar...
More »Law panel for cut in undertrials' jail time -Dhananjay Mahapatra
-The Times of India NEW DELHI: The Law Commission is ready to submit to the Centre a set of recommendations intended to bring in revolutionary changes in bail jurisprudence which, if implemented, would help the release of the poor among the over 2.38 lakh undertrial prisoners languishing in jails for years. The commission's report on amendments to bail provisions has been finalised and the radical recommendations, if accepted by the government and...
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