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SBI declares Rs 76,600 crore unrecoverable loan of 220 defaulters

India’s largest bank, State Bank of India in an RTI reply disclosed that Rs 76,600 crore loan is unrecoverable from 220 defaulters who owed over Rs 100 cr each to the bank. By March 31st, 2019. SBI bank reported Rs 37,700 crore as an unrecoverable loan, borrowed by 33 loan defaulter who owed over Rs 500 crore loan to the bank. RBI has disclosed bank wise breakup where loans more of than Rs 100 crore and Rs 500 crore were written off by banks as on March 31, 2019. Approximately 2.75 lakh crore has been written off for defaulters who took the loan over Rs 100 crore or more from scheduled commercial banks. Do you think the government should rework on bank's loan policies to limit loan defaulters? what's your opinion? Comment below! Src: https://bit.ly/33db9CH

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32 votes

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77 votes

India moves down 10 places to 68th on global competitiveness index

India has moved down 10 places to 68th rank on an annual global competitiveness index by Geneva-based World Economic Forum (WEF), due to improvements witnessed by several other economies, while Singapore has replaced the United States as the world's most competitive economy. As per media reports, India is among the worst-performing BRICS nations along with Brazil which is on 71st rank. The WEF stated that India ranks high in terms of macroeconomic stability and market size, while its financial sector is relatively deep and stable despite the high delinquency rate, which contributes to weakening the soundness of its banking system. Src: https://bit.ly/35iVZ0m

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60 votes

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197 votes

Minimum use of force should be motto of police everywhere: Amit Shah

Union Home Minister Amit Shah, while addressing the probationers of the 2018 batch of Indian Police Service (IPS), stated that minimum use of force and maximum effectiveness should be the motto of police everywhere under PM Modi's vision for New India and there is a need of human touch and sensitivity in the police to gain people's trust. Shah further called for a conceptual change in the Indian Penal Code (IPC) and the Criminal Procedure Code (CrPC) and said that the amended code must be in accordance with India being a welfare state. Src: https://bit.ly/2LWOl4e

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60 votes

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81 votes

India, Mexico agree to work together on multilateral issues of mutual interest

India and Mexico have agreed to work closely together on the multilateral issues of mutual interest and underscored the need to hold regular dialogue to enhance cooperation in the field of agriculture, science and technology, energy, tourism, and culture. As per media reports, the discussions in this regard were held during the fifth round of Foreign Office Consultations between the officials of two countries. The Indian side was led by Secretary, East, in the Ministry of External Affairs, Vijay Thakur Singh, while the Mexican side was led by Julian Ventura Valero, country's Deputy Minister for External Affairs. SRC: https://bit.ly/31VQCCv

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75 votes

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74 votes