-The Times of India BALI: With a consensus at the World Trade Organization remaining elusive till early afternoon, India on Thursday said that it has no problems with a deal on eight of the 10 subjects on the table and would not be averse to the idea of further negotiations on the contentious food security and trade facilitation issues in Geneva if an agreement is not reached here. While there are few...
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UP sugar mills run 'ponzi scheme' to pay farmers' dues -Anil Sasi
-The Indian Express On the surface, the sugar crisis in Uttar Pradesh may seem to be inching closer to a resolution. But cane farmers may have unwittingly mortgaged their land, signing up for crop loans from public sector banks, with the money so raised being used by the mills to pay arrears of a different set of farmers. This model, of mills rotating working capital loans from banks, to deliver pending payouts...
More »Rs 1 lakh crore bad loans of corporates written off: RBI-Mayur Shetty
-The Times of India MUMBAI: Data collected by Reserve Bank of India over a period of one year blows the lid off what goes as loan classification in banks. In a presentation at the annual bankers' conference, RBI deputy governor K C Chakrabarty showed how banks have sacrificed over Rs 1 lakh crore by writing off bad loans to corporates, which is much higher than Union finance minister P Chidambaram's farm...
More »No Anganwadi for homeless-Yoshita Sengupta
-DNA An allocation of Rs 17,700 crore in the 2013-2014 Union Budget but not a single accountable rupee spent for pre-school education or a plate of food for the homeless children in Mumbai. Yoshita Sengupta investigates the absence of homeless children from ICDS registers Mumbai: In 2010, Ms. Rekha, a homeless woman living on the footpath in Mumbai in her last month of pregnancy, slipped while trying to cross a wall. She...
More »Chidambaram Criticises Activists for Stalling Projects
-Outlook Panaji: Activists who stop power plants, coal mining and projects like dams do not help in removing poverty from the country, Union Finance Minister P Chidambaram today said. "There is nothing more important than removing poverty from the country. I want to ask people who protest whether their action results in removing poverty?" Chidambaram said during an interview at 'ThinkFest' event in Goa. "Poverty is the greatest polluter and a curse. There...
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