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Chief Economic Adviser K V Subramanian on Tuesday exhorted financial institutions to avoid crony lending and focus on high quality loans for creation of assets that will help the country become a $5 trillion economy. Observing that Indian banking sector since the early 1990s faced the problem of poor quality lending especially on large loans, he said, loans were not given to most creditworthy borrowers but to crony capitalists, leading to high distress. "When the financial sector decides to actually lend to a particular borrower who is more connected even though that borrower may not be th...

It is to be noted that the bad loan problem in the banking sector is largely because of high exposure of banks towards infrastructure which was facing problems on several counts.

ANI New Delhi: The second part of the Budget session of Parliament began Monday as Rajya Sabha reconvened in the morning with all COVID-19 precautionary measures in place. The Rajya Sabha will function from 9 am to 2 pm, while the Lok Sabha will function between 4 pm and 10 pm. The second part of the session will conclude on April 8—it is taking place at a time when political parties' focus is on elections in West Bengal, Tamil Nadu, Assam, Kerala, and Puducherry. Senior leaders of various parties, especially the regional ones, are likely to skip most of the House sittings to focus on ca...

Second part of Parliament's Budget Session to commence today The Rajya Sabha would function from 9 am to 2 pm while the Lok Sabha would function between 4 pm to 9 pm. Share Updated: Mar 8, 2021, 07:06 AM IST After a brief interval, the Lok Sabha is all set to resume the Budget Session of Parliament from Monday with the united Opposition prepared with a strategy to create pandemonium in the House. The Opposition will be raising various issues targeting the Centre, especially on farm laws and LPG price hike. Part two of the session is taking place at a time when political parties have their foc...

Parliament Budget session: RS adjourned for the day India Updated: Monday, March 8, 2021, 14:03 [IST] New Delhi, Mar 08: The month-long second part of the Budget session of Parliament began on Monday in the middle of a high octane campaign for assembly elections in four states and one UT. On chair, Venakiah Naidu welcomed members of Parliament as the sessions begins. ''I appeal to all the members to be present in the House, to observe the debates and enrich your knowledge,'' Rajya Sabha Chairman M Venkaiah Naidu said. Newest First Oldest First 2:03 PM, 8 Mar Lok Sabha to function as per us...