-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...
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Adani Power lifeline may set precedent -Utpal Bhaskar and Maulik Pathak
-Live Mint CERC calls for a variable ‘compensatory tariff' to be offered to Adani Power till fuel situation stabilizes In an unprecedented move, India's apex power sector regulator offered a bailout package to Adani Power Ltd in a late Tuesday order to offset losses on account of the unexpected increase in the prices of imported coal and the unavailability of domestic coal for the company's 4,620 megawatts (MW) thermal power project at...
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 »CAG raps Bihar govt for 'fiscal indiscipline'
-The Times of India PATNA: The Bihar government, which keeps crying for more central assistance, could not spend Rs 1472.61 crore in 2012 and surrendered 100 per cent funds in 192 schemes, depriving the beneficiaries of the benefits, according to the CAG report for 2011-12 presented in state assembly on Tuesday. Central funds for several schemes also remained unutilized, it said. The CAG also regretted the lack of objective planning in utilization...
More »CAG blasts Narendra Modi govt for causing Rs 17,000 cr loss to Gujarat
-The Indian Express The CAG (Comptroller and Auditor General) has slammed the Gujarat Chief Minister Narendra Modi's government for causing a loss to the exchequer to the tune of Rs 17,000 cr. In its report for 2009-10 and 2010-11, placed before the Gujarat Legislative Assembly, CAG said corruption and irregularities have caused huge losses to the state. CAG blasted the Narendra Modi government for not being able to stop these irregularities. Narendra Modi has...
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