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Few would call or compare, the outgoing PM Singh with the Greek legend "Heracles" . Believed to have lived around 600 BC and later "romanized" as "Hercules", this most outstanding man amongst the Greeks was made to perform 12 tasks each daunting and more difficult than the previous one.
Singh, puny in standards and stature, did quite a few. The hallmark amongst which was the famed "Indo-US Nuclear Agreement" signed by President Bush and Singh at the ruins of Delhi's Old Fort somewhere…Continue
Biggest loan defaulters in India
All India Bank Employees' Association (AIBEA) has announced a list of top 50 loan defaulters, mainly the corporate firms, whose total default amount to the banks is allegedly to be around Rs 40,528 crore (Rs 4056.28 billion).
The association demanded a remedy for the bad loans at the earliest to safeguard the public money in the banks.
The list, released by the association, is on the data on loan not paid…
Chidu, Pranab have left a debt time-bomb for next govt While debt redemptions in 2013-14 are very low (below Rs 500 billion, or Rs 50,000 crore), from 2014-15 onwards the redemption rates shoot up Rs 1,50,000-Rs 2,50,000 crore annually over the coming five years.…
What Next after NSEL declared the pay out of 92.13 crores on 20 Aug 2013?
Shortfall in the payout amount of 20 August gust 21, 2013, has raised doubts in the minds of investors.
We carried out a detailed analysis from published data to find out the possibilities of recovery and safety of the amount of investors.
We find that:
1. 48% of the amount of Rs. 2663…Continue