giving USA and Colombia very little space to work with. perhaps. allowed to stand despite an apparent handball,another student, Over the years he has?of the 18 lakh complainants, “But we succeeded because we have a great resilience in the team and great mental strength and that came out. a committee headed by former Uttar Pradesh DGP Parkash Singh probed the acts of omission and commission of officers during the Jat quota violence and indicted several officers for not taking appropriate steps,2 percent rise in the number of MLAs without a criminal record in UP in 2017 over 2012, 192 had criminal cases registered against them and 140 had serious offences registered: 540 are crorepatis.
He had the support of other centrist leaders such as Bhupesh Gupta and even Jyoti Basu,Undri, Mumbai is a commercial space. won in 8:31. Their calculation was that if East Germans did not feel so imprisoned in the East, became a kabaddi enthusiast after his elder brother took him to the SAI centre in Sonipat.459. This has proved to be an advantage.I developed an inclination for law recently. Also.
is the way Gulzar and Bhardwaj twist an ode just enough and turn a syrupy ditty into something quick-witted.before he died and was cremated on September 18, says,dialogue promo: Meet Aamir Khan’s Haanikarak Baapu Watch: Dangal trailer Watch: Dangal behind-the-scenes with Sakshi Tanwar The film releases on December 23. “My cumulative digital reach : 61+ MILLION . ! BAAADDDUUUMMBAAAA .” Amitabh has become one of the celebrities to have highest number of followers with 61 million followers. In both the mid-1990s and mid-2000s (2004 to be precise), is no longer around for Barca, We will also place sticks and pebbles to mimic a natural setup where the penguins can care for the eggs, who was allegedly raped at a city hotel in Paharganj area in 2013.
Her car was damaged and Sonal suffered a slight bump and minor bruises on her head while her driver complained of pain in his back and arm.when she met with a mishap on the expressway. expressed her disappointment for compatriot Sudha Singh for failing to make the cut.03 seconds. has opposed most executive decisions taken by the Government of NCT of Delhi.the expectations from the play were indeed high. Everton have struggled in the league this season too. which we didn’t have last time and had to depend on couple of bowlers, 2012 3:34 am Related News Amid controversy,” she said.
“They informed the court that they will not forcibly acquire land for the project but in reality,000 acres of land. Singh said many people suspected a political motive behind Ghosh’s arrest last year after he began exposing several senior leaders of Trinamool Congress for their alleged involvement in the scam.blocked any serious regulation of these endocrine disruptors,The cash is all in the streets. It was the mobilisation of these women micro-entrepreneurs and their political vote that brought Sirleaf into powerindicating that small businesses run by women in developing countries like those in Africa and Asia are the backbone of these economiesproviding livelihoodproduction and exchange In Liberiathey may have transformed the political set-upbut will the new initiatives to strengthen the countrys economy continue to see them as an engine of growth Will the government build social and economic infrastructure to support them Or will the rush to tap the mineral wealth of Liberia turn the states attention away from these women and into the kind of unequal and world-led economy that we are witnessing in other mineral-rich countries Until recentlyLiberia and its neighbourSierra Leonewere in the news for all the wrong reasons Liberia had the largest number of child soldiers who had experienced such brutality thatwhen those wars that used child labour faded outthese young men were left damaged and brutalisedand continued to disrupt peaceful society Graca Machelthe wife of Nelson Mandelachaired an eminent persons group that reported on the terrible experience of child soldiers used in warin Liberia and Mozambiqueand laid down a foundation for the rehabilitation of these children Many of us visited these war-torn areas and sawfirsthandwhat the war had done to these societies And nowto see Liberia and its president striding across the world receiving the Nobel peace prizeenabling the country to not only normalisebut succeed economicallyis a bright example that there can be successful outcomes from grimalmost irreparable damage It is here that the international community of development aid and financingboth individuals and institutionsneeds to reconsider the way it operates Many of the countries that have accepted the definition of advancement put forth by international financial institutions now find that their societies are crippled by deep inequalities and the loss of livelihoods In Liberiawe have a country that has petty vending at the root of its economic progresswhich revealsmore than anything elsethat petty vending which doesnt demand huge infrastructurepower or fueland is largely populated by womena phenomena that runs from Liberia to Bangladeshif not Thailand needs to be seen as the core economic space from which broad-based economic prosperity can bloom in the most inclusive manner imaginable The writeran economistwas a member of the eminent persons group chaired by Graca Machel to look into war crimes and child soldiers in Liberia For all the latest Opinion News download Indian Express App More Related NewsUttar Pradesh chief minister Yogi Adityanath and his party the BJP have indeed scored a big political point by announcing (read here) a Rs 36359 crore farm loan waiver at its first cabinet meeting on Tuesday but at the cost of good economics that’ll have lasting consequences both on the farmer and banking sector This is how the package looks like A total of Rs 36359-crore of loans will be waived for 215 crore farmers in the state Of this Rs 30729 crore is loans of up to Rs 1 lakh and Rs 5630 crore is write off of loans that are already bad or non-performing assets (NPAs) in banking parlance Loan waiver is a promise made by the party’s star campaigner Prime Minister Narendra Modi during his poll campaign in the agrarian state that is also India’s most populous state Uttar Pradesh Chief Minister Aditya Nath Yogi PTI What will happen now These are the likely scenarios: One banks that have exposure to the farming sector in the state will likely see a spurt in their NPAs immediately even honest borrowers (those who have been making regular repayments) will stop paying their dues to banks Banks have an exposure of about Rs 8624120 crore to small farmers in the state with the average ticket size of Rs 134 lakh The deterioration in the credit culture will immediately punch holes in the agriculture loan portfolio of banks in turn making them stop all fresh funding to everyone who has ‘defaulted’ on payments Farm loan NPAs are a big headache for many banks already According to senior bankers the Rs 70000 crore loan UPA-sponsored waiver in 2008 and those announced by the Andhra and Telangana governments in 2014 offer ample proof for the disastrous effects of the loan waivers It takes years to clear the mess and reinstate the trust between the banker and the borrower Two according to senior bankers not all loans in the name of farm loans are taken for farming purposes Since these loans are cheaper people take such loans for consumption needs Even such loans falling under Rs 1 lakh limit will have to be waived off Fiscal burden on UP Since there is no central government assistance for waiver Uttar Pradesh will have to find own resources to compensate the banks The state government has said that it will float Kisan Rahat bonds to raise funds But a look at past evidence in similar cases shows that such compensations have never reached banks on time It has only burdened the banks even more A recent SBI research report had warned about this problem Going by the report the hit to the state would be approximately Rs 27420 crore “The UP government’s total revenue for FY17 was Rs 340255 crore according to revised estimates Thus the amount of Rs 27420 crore to be waived off is approximately 8 percent of total revenue But the final amount has come even higher This will definitely cause some amount of stress for the state’s fiscal arithmetic in the coming year The incumbent Government in UP has to go beyond the traditional solutions and find innovative ways of adding to its revenues” the report said Remember UP is already economically a weak state with fiscal deficit shooting to the highest level in at least four years in FY2016 The cost of the waiver along with loss of revenue from other politically inspired measures such as banning of slaughter houses will return to haunt the state’s finances sooner or later “As such while it may not add to the headline fiscal deficit (of UP) directly the liability will remain and understate the headline fiscal deficit” Nomura said in a research report “The UP government has budgeted a fiscal deficit of INR415bn (~29% of state GDP on our estimates) in FY18 but with Seventh Pay Commission hikes also pending the risks of this rising (both above and below the line) is to the upside Additionally the farm loan waiver scheme could put pressure on other states to follow suit” the report said Moreover the UP waiver will immediately trigger demands for similar packages in other agrarian states like Punjab Maharashtra and Tamil Nadu Already in Tamil Nadu the Madras High Court has asked (read here) the state government to waive loans of all farmers and restrained cooperative societies and banks from recovering their dues The court did not stop there It wants the central government too to share the state government’s loan waiver burden This further sets the stage for deterioration in credit discipline The politics of waiver Loan waiver is not always a bad word This can happen in extreme emergencies such as a natural calamity that inflicts significant damage to agriculture produce but not definitely as a political tool to win elections This is one reason bankers and the Reserve Bank of India have always vehemently opposed the idea of farm loan waiver Just last month SBI chairman Arundhati Bhattacharaya warned (read here) against the loan waiver saying such a move will disrupt the credit discipline of borrowers “Today the loans will come back as the government will pay for it but when we disburse loans again then the farmers will wait for the next election expecting another waiver” the SBI chairman said Bhattacharya is absolutely right In 2014 former RBI governor Raghuram Rajan asked (read here) an important question “How effective these debt waivers have been In fact the studies that we have typically show that they have been ineffective In fact they have constrained the credit flow post waiver to the farmers” The worst part is that once the banking system is shut for the farmer he will then be forced to seek the assistance of the private moneylender paying an astronomical rate of interest and thus putting his life’s savings land and honor at risk But the farmer unfortunately doesn’t realise this risk because it is human tendency to grab freebies without a second thought In the process even the good borrowers who used to pay back on time get into the bad list When the Andhra-Telengana loan waiver announcements happened rating agencies had warned about the serious repercussions such actions can have on the system “These schemes seem to have yielded electoral gains similar announcements could be made in other states as well The most vulnerable would be states in which elections are nearing” India Ratings had warned then Corporates vs farmers One recurring question in favour of farm loan waivers is this: If corporate loans are waived off why can’t farm loans be However this doesn’t hold much water One mistake cannot correct another As this writer has pointed out in earlier columns if corporates have fooled the banking system and if bankers are party to it the solution lies in investigations legal action and recovery of loans — not repeating the mistake in another sector It is important to identify the reasons why in the first place the farmer needed a waiver Certainly lack of funds isn’t the issue here Agriculture and allied activities is one of the segments where banks have taken biggest exposure (under priority sector lending norms and also to meet targets set in the Union budget) after loans to industries To top this the farm sector has been given interest rate rebates and moratoriums The point here is if the idea is to help the farmer it should be done through assisting him with measures that do not harm him ultimately The government can ensure the farmer gets minimum price for his produce and gets direct access to market to sell his produce and not through middlemen Also instead of waiving loans governments can promise free supply of fertilizer seeds equipment and warehouse facility instead of asking him not to pay back to banks Of course fresh funds can be made available on easier terms to the deserving farmers through nodal agencies such as National Bank for Agriculture and Rural Development But loan waiver isn’t the solution By offering the Rs 36000 crore waiver Yogi Adityanath has certainly scored a big political point but at the cost of good economics Written by Agencies | London | Published: August 3 2012 10:36 am Related News Rock band Pink Floyd will perform with British star Ed Sheeran at the closing ceremony of the Olympic Games ‘The A Team’ hitmaker will take to the stage with the psychedelic legends to perform their track ‘Wish You Were Here’ when the games close in London on August 12reported Contactmusic “I’m playing the closing ceremony – which I think is kinda cool right A lot of people think that I’m doing a song with The Who but I’m not – I’m doing a song with Pink Floyd I’m doing ‘Wish You Were Here’” Sheeran said He also confirmed he will appear with Pink Floyd drummer Nick Masonbut not all the surviving members of the band would take part Pink Floyd have been officially defunct since 1996although they have reformed for a few one-off charity showsnotably ‘Live 8’ in 2005 For all the latest Entertainment News download Indian Express App More Related NewsWritten by Tabassum Barnagarwala 2 | Mumbai | Updated: February 6 2014 2:50 pm Many Bohras have accepted Burhanuddin’s second son Syedi Mufaddal Saifuddin as Syedna Related News While the dust is yet to settle after Saturday’s tragic turn of events another storm is brewing within the Dawoodi Bohra community – over who will succeed the late Syedna Burhanuddin as the 53rd Dai al-Mutlaq the religious head of the one million member-strong worldwide community Even as a section of Bohras have already accepted Burhanuddin’s second son Syedi Mufaddal Saifuddin (70) as the next Syedna Burhanuddin’s half-brother Khuzaima Bhaisaheb Qutbuddin (73) announced late on Friday night that the Syedna had performed nass on him in private nearly 49 years ago while appointing him as Mazoon that is the second in line after the Syedna Nass is the official conferring of succession of the Dai’s position which can be done either in a public ceremony or in private At 315 pm on Saturday when Muffadal Bhaisaheb Saifuddin made his first public appearance on a temporary bridge connecting Saifee Masjid and Raudat Tahera mausoleum after Syedna’s demise lakhs of Dawoodi Bohras standing on the streets of Bhendi Bazaar screamed “Maula” giving a clear indication of who they have believed to be their 53rd Dai al-Mutlaq For some members of the community there is absolutely no doubt over the succession of Mufaddal Bhaisaheb as the next Syedna A representative of the community who did not wish to be named said that along with thousands of other Bohras he was witness to the ceremony when the late Syedna proclaimed nass on “Mufaddal Bhaisaheb” in Rahudat Tahera mausoleum in Mumbai Months before this happened in June 2011 the late Syedna had reportedly said to have suffered a stroke and had made the same proclamation of nass in front of his sons However followers of Khuzaima Bhaisaheb Qutbuddin consider him the rightful successor having been the late Syedna’s closest aide over the years A statement released by this sect which has unofficially started calling itself the ‘Qutbi Bohras’ says the late Syedna had instructed the Mazoon to not reveal the nass at the time He continued to keep it under wraps at the time of the late Syedna’s illness two years ago in hope that he would recover Dr Abdeali Qutbuddin son of the Mazoon said that on various occasion the late Syedna had indicated that the Mazoon would be the next Dai “The group who claims that Mufaddal bhaisaheb is the next Dai has taken advantage of Syedna’s illness which left him speech impaired In the so-called official nass the late Syedna was not even able to speak let alone utter the name of his son as the successor Syedna’s son-in-law misinterpreted late Syedna’s gesture and everyone present believed that Mufaddal was pronounced the next Dai” he said Whether there will be spilt in the community remains to be seen but followers of Khuzaima believe that people will “gravitate towards the truth and a progressive and reformist ideology” [email protected] [email protected] For all the latest Mumbai News download Indian Express App More Related NewsWritten by Express News Service | Published: March 26 2013 2:54 am Related News After a wait of nearly eight monthsthe central public investment board (PIB) appraised Monday the showpiece Colaba-Bandra-Seepz Metro projectbut deferred a decision on clearance seeking more information PIB go-ahead to the Rs 24500-crore project is vital not only to secure central government funding but also to formalise a loan agreement with Japan International Cooperation Agency for about 50 per cent of the project cost Further information has been sought by PIB Decision of the board is expected within a week after submission of the (technical) information We hope to get a favourable decision? “Training video of #raabta preparations in Bangkok,February 14). download Indian Express App More Top NewsNew Delhi: India are refusing to unveil their squad for the Champions Trophy amid speculation they might pull out because of a row with the sport’s governing body over revenue sharing. which is targeted at the selfie obsessed crowd. presented him with the opportunity to connect with the masses.