Friday, March 31, 2017
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Turnaround on Banks' NPAs
Public sector banks should address their NPAs and submit turnaround plans in a year and increase profitability
The Union Finance Ministry's circular to a dozen public sector banks to submit turnaround plans in a time-bound manner or do away with any further capital infusion from the central government appears to be a timely step in the right direction. But this missive does not make any mention of the capital infusion that was made on two occasions in the last budget presentation and the next one to the extent of Rs 1.42 lakh crores to write off the bad debts of the corporate houses ignoring the proposals to write off or phase out recovery of Rs 38,000 crore of loans advanced to farmers in the country. It is unfortunate that the central government has initiated steps to write off huge debts of the corporate sector with public money which has only gone a step ahead to promote crony capitalism. The ...
Kashmir Times News Report
Engage with Kashmiris
Loss of precious lives, violent protests cannot end by military actions but through peace process
Chadoora aptly symbolises the extremely alarming situation in Kashmir. Three civilians have been killed in protests and stone pelting that began after security forces started an encounter with militants in the area on Tuesday. Over a dozen people were grievously injured. The security agencies have claimed that over 50 security and police personnel have been injured in the violence. The operation ended with the killing of an armed militant but the civilian killings are likely to trigger a prolongation of the crisis which may once again find an expression in the unbreakable vicious cycle of violence. Brutality that emanates from the barrel of pellet guns, bullet guns and Pava shells, cannot be answer for taming or combating the stone pelting protests that stem from anger. Chadoora unfortuna...
Kashmir Times News Report
Goons on rise in UP
Chief minister Yogi Adityanath has to decide whether he wishes to govern Uttar Pradesh or promote his RSS agenda
It is difficult to say with certainty yet whether the lines between good governance and goondaism in Uttar Pradesh will be blurred as its new chief minister Yogi Adityanath takes over the reins of the state with an obsession for changing the destiny of Uttar Pradesh with his cow protectionism agenda. But for sure, the state may be headed towards multiple crisis with different vigilante groups getting emboldened by the day, which will have an impact on both the economy and the social fabric. If last week, the cow vigilante groups got busy rampaging not just slaughter houses but regular meat shops in the name of cracking down on illegal meat business, this week the vigilante groups are up in arms against young romantic couples out on dates in the name of countering eve-teasing. In all this,...
Kashmir Times News Report
India's poor rank in HDI
Confusions continues to grip India's response to a low HDI rank which must be good education and a higher health outlay
The new generation of politicians, who have ascended the power throne in India after the 2014 General Elections, appear to be highly confused lot when they are trying to sell India's Superpower dreams to their people. They do not realize that what they are trying sell to the people is not the real India which represents the majority of the common masses. It is unfortunate that these politicians first trying to sell Hindutva and nationalism to the people and then Superpower dreams do not know that teeming millions of people constituting about more than one-third of population in India go bed without meals. Besides this, the number of people Below Poverty Line (BPL) has increased during the past few years by 5 percent to 42 percent as the figures of the Indian government but no poverty prog...
Kashmir Times News Report
Fresh strictures on 'Vyapam'
The fresh strictures against the MP government speak of its deep involvement in the entire sandal which needs to be probed in a fair manner
Fresh strictures passed by the Comptroller and Auditor General (CAG) against the Madhya Pradesh government speak of the deep involvement of the politicians in the Vyapam scandal that rocked the state last year. The opposition demand seeking resignation of the chief minister Shivraj Singh Chauhan does not appear to be unjustified on moral grounds for his and his ministerial colleagues involvement in the scandal that has disrupted the selections of candidates for admission in professional courses in the state. The CAG report also ratifies the reports in which scandal has been unearthed on the directions of the Supreme Court last year. As such, nobody in the government in MP has been able to come out clean on this issue so far as selection of the students for admission colleges is concerned....
Kashmir Times News Report
Reclaiming India from under shadows of Hindutva
By Anuradha Bhasin Jamwal
Hindutva's juggernaut is moving unchecked. It isn't just rolling on with an army of lumpen elements bashing up or hooting down any adversary on streets and public events. Its ideology now finds a currency in the country's mainstream. The smooth take-over of Yogi Adityanath as chief minister of Uttar Pradesh is clear manifestation. It isn't like 2014, when one could safely presume that an important pillar of the Modi wave that brought him to power was firmly grounded in the disenchantment of the public with other political parties as well as the anti-incumbency factor and yet another pillar stemmed from the propaganda that so cleverly spun the yarn of development, vikas, sabka saath and acche din. The BJP fought its UP assembly election battle, punctuating the development narrative with st...
Kashmir Times News Report
Census operations in Pak
The present government must conduct a census despite the resistance from various groups for real data on population
Pakistan government's decision to conduct country-wide census after much delay, is a welcome step that would allow the present rulers to formulate realistic policies to address the challenges it faces. It is an accepted principle that data handling and its use for the purpose of economic development of the people is necessary all over the world. In the absence of statistics about the population of the country, it is considered extremely difficult to formulate plans for development and economic well being of the people. It is also accepted norm that data are critical as key federal decisions such as resource allocation for provinces and delimitation of electoral constituencies are taken based on demographic numbers. Due to opposition from various quarters, the census operation in Pakistan ...
Kashmir Times News Report
Vodafone-Idea merger deal
Both the telecommunication companies stand to gain from the merger and reap benefits in digital sector in days to come
Global telecommunication giant Vodafone Group's decision for merger with its India unit of Aditya Birla Group-controlled Idea Cellular is a typical case of two companies recognising truth in the dictum that 'the whole is greater than the sum of its parts'. Joining of hands by both the companies appears to be guided by their need to reap rich harvest of the revenues in the emerging market of the country, which is trying to pursue its objective of 'digital India'. Of the two mobile operators, Idea functioned in its early years as a three-way joint venture involving the Tata Group, US telecommunications behemoth AT&T, and the Aditya Birla Group. The proposed deal represents a welcome chance to resurrect its flagging fortunes which have been hit hard due to various reasons in the Indian marke...
Kashmir Times News Report
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