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Can’t make public the names of big defaulters, RBI tells SC

As the apex bank insisted that it could not make public the names of big defaulters, the court asked it to file an affidavit on the issue and directed the hearing of the matter after four weeks.

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New Delhi, July 17 : The Reserve Bank of India on Monday told the Supreme Court that it could not make public the identities of the big defaulters of loans as such disclosure could severely impact the businesses.

Telling the bench headed by Chief Justice Jagdish Singh Khehar that disclosing the names of big defaulters could adversely impact the businesses, the RBI said that there were laws that can be looked into to decide whether the identities of big decision can be made public.

The central bank, which has already submitted the list of big defaulters in a sealed cover, said: “There are a series of statutes that can be looked into to decide whether the disclosure can be made.”

As the apex bank insisted that it could not make public the names of big defaulters, the court asked it to file an affidavit on the issue and directed the hearing of the matter after four weeks.

The RBI’s stance in response to a plea by NGO Centre for Public Interest Litigation which is seeking the disclosure of the names of all defaulters who owe more than Rs 500 crore to the banks.

The court also wanted to know how the public-owned banks and financial institutions advancing large scale loans without proper guidelines. The RBI was asked to tell the court if there were guidelines on advancing of loans and whether adequate procedures to recover them.

The top court had, in the earlier hearings on the PIL, expressed concern over the rising bad loans. The CPIL had moved the court in 2003 pointing to bad loans advanced to a few companies by the state-owned Housing and Urban Development Corp Ltd.

 

India

Hostel students from SC, ST, OBC families to get subsidised foodgrain

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Ram Vilas Paswan

New Delhi, April 23: Union Food and Public Distribution Minister Ram Vilas Paswan on Monday said hostel students belonging to SC, ST and OBC families will be entitled to 15 kg of foodgrain per month at subsidised rates.

Under the new PDS scheme, which will be rolled out at the earliest, over one crore students from Scheduled Caste and Scheduled Tribe and Other Backward Classes will benefit.

“It is a historic step. Under the scheme, students from these communities, where their strength is two third of the total number of hostel students, will be given 15 kg food grain. If the rice is priced at Rs 30 per kg in open market, the students will get it for Rs 6,” Paswan told reporters here.

“We have asked the states to send us the list of beneficiaries as soon as possible. Also, the states will have to decide the type of foodgrain to be distributed. The Centre will bear all expenses on the subsidy.”

He said 13 lakh tonnes of foodgrain was allotted under the scheme.

IANS

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Sushma Swaraj meets Xi Jinping in Beijing

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Beijing, April 23: External Affairs Minister Sushma Swaraj on Monday met Chinese President Xi Jinping in Beijing.

Earlier in a day, Swaraj on the 2nd day of her visit called on the Vice President of China Wang Qishan at Zhongnanhai.

Prior to this, EAM met her Uzbekistan counterpart Abdulaziz Kamilov and held bilateral talks on a wide range of issues including trade & investment, pharma, IT, tourism and culture, as well as on the regional situation.

WeForNews 

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We don’t discriminate: Ola to VHP man who cancelled cab as driver was Muslim

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Ola

New Delhi, April 23: Taxi aggregator Ola Cabs on Sunday gave a thoughtful reply to a man, claiming to be associated with a right-wing outfit, who had cancelled his ride after finding the driver assigned to him was a Muslim.

Abhishek Mishra, a man who claims to be linked to the Vishwa Hindu Parishad (VHP), had posted on Twitter that he cancelled his Ola booking on Friday after finding that the cab driver was a Muslim.

His Twitter account says Vishwa Hindu Parishad, Ideology First, Hindutva Thinker, Digital & Social Media Advisor (Views Personal), said, “Cancelled @Olacabs Booking because Driver was Muslim. I don’t want to give my money to Jihadi People.”

After cancelling the cab, Mishra took a screenshot of the cancellation and tweeted his Ola booking which named the cab driver.

Mishra’s Twitter post soon went viral and triggered a huge debate on Twitter with some siding with him and while others trolling him for inciting hatred and communal sentiments.

Interestingly, Mishra is followed on Twitter by bigwigs like Defence Minister Nirmala Sitharaman, Petroleum Minister Dharmendra Pradhan, Minister of Culture Mahesh Sharma and many others; reported Zee News.

With his tweet creating a lot of buzz on the micro-blogging site, Ola also chipped in and tweeted a thoughtful reply to Mishra.

The cab operator put out a statement, saying that the company is a secular platform and doesn’t discriminate between its customers and driver partners and urged everyone not to discriminate on religious lines.

Mishra’s Facebook profile says he is from Ayodhya and works as an IT professional in Lucknow.

He claims he is an active member of the Vishwa Hindu Parishad and Bajrang Dal — both affiliates of the BJP’s ideological mentor Rashtriya Swayamsevak Sangh — and “holds responsibility” of the IT cell of the VHP.

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