TheIndian EXPRESS LATE CITY, 16 PAGES, LUCKNOW, `5.00 ● MONDAY, OCTOBER 1, 2018 ● WWW.INDIANEXPRESS.COM DAILY FROM: AHMEDABAD, CHANDIGARH, DELHI, JAIPUR, KOLKATA, LUCKNOW, MUMBAI, NAGPUR, PUNE, VADODARA JOURNALISM OF COURAGE RBI DATA ON PUBLIC SECTOR BANKS In 4 yrs, write-off 7 times recovery ANIL SASI NEW DELHI, SEPTEMBER 30 BUSINESS AS USUAL BY UNNY BETWEEN APRIL 2014 and April 2018, the country’s 21 Stateowned banks ended up writing off Rs 3,16,500 crore of loans evenastheyrecoveredRs44,900 crorewrittenoff onacumulative basis — or less than one-seventh the write-off amount — according to RBI data. The recovery takes place on the total cumulative write-off and not only on write-off for a specific period. To put this numberinperspective,theamountof bad loans written off by public sector banks (PSBs) during the four-year period is well over twice the projected budgetary expenditureonhealth,education andsocialprotectionfor2018-19, at Rs 1.38 lakh crore. Further, fromApril2014toApril2018,the loans written off by the 21 PSBs were over 166 per cent of the amount in the 10 years till 2014. According to data submitted by the central bank during its post-evidence reply before the parliamentary standing committee on finance, the recovery rateinPSBsduringthefouryears to March-end 2018, at 14.2 per cent,isnearlythreetimeshigher than the 5 per cent for private banks. So, while the 21 PSBs account for around 70 per cent of the total banking assets, their contribution to bad loans is about 86 per cent of the total NPAs in India’s banking sector. FIGURESFOR21PSBs ■ Write-offs in April 2014-April 2018 Rs 3,16,500 cr; recovery Rs 44,900 cr ■ Amount over 166% of loans written off in 10 years till 2014 ■ Between 2014-15 and Dec 2017, NPAs rose to Rs 7.70 lakh cr, after RBI Asset Quality Review Even as the government has been trying to shore up PSB books through equity capital infusion and other measures, stressed assets have registered a steady rise since 2011. However, when it comes to NPAs, the growth was muted until 2014, followedbyadramaticrisesince, particularlyafter2015-16.Thisis because of the RBI undertaking anAssetQualityReview(AQR)of banks in 2014, which led to the recognition of many bank loans as NPAs, considered by banks as standard assets till then. So, while bad loans written off by PSBs between 2004 and 2014 added up to a little under Rs 1.9 lakh crore, more than half were waived off between 2013 and 2015. After that, the NPAs went up from 4.62 per cent in 2014-15 to 7.79 per cent in 2015-16, and climbed to as high as 10.41 per cent by December 2017. By the end of 2017, as a result of the AQR, grossNPAsof PSBswere up to around Rs 7.70 lakh crore. It is because of this increase in bad loans that PSBs were forced to make upfront provisioning on account of the expected losses. In 2017, the RBI also constituted an Internal Advisory Committee to determine cases to be referred under the InsolvencyandBankruptcyCode (IBC), a platform for time-bound recovery of bad loans. Based on its recommendations, 41 accounts were identified in two tranches. Of the entire NPAs, 12 accounts, involving Rs 1.75 lakh crore approximately, have gone to the NCLT (National Company Law Tribunal) since June 2017. SRINAGAR, SEPTEMBER 30 IN ALMOST 60 per cent of the seatsgoingformunicipalpollsin theValleyinthefirsttwophases, either no candidate has filed nomination or nominees have been elected unopposed. In four municipal bodies, no candidate has come forward in more than half the seats, while in at least 12 of the 24 municipal bodies, no The figures for 307 seats were released by Chief Electoral Officer Shaleen Kabra four days after the last date of filing of nominations ended for the first phase. Asked what would happen to the 62 seats where no candidate had filed nomination, Kabrasaid“suchseatswouldsee by-elections”. On 123 seats being won uncontested, he said, “It is the people’s choice.” TheresponsefortheSrinagar Municipal Corporation, however, has been huge. For its 23 ‘Born in year Mahatma Gandhi was shot... cleaning all my life’ Deputy CM Maurya with family of Vivek Tiwari. PTI AVANEESH MISHRA LUCKNOW, SEPTEMBER 30 THE WIFE of Apple executive Vivek Tiwari, who died early Saturday morning after being shot by a police constable in Lucknow, has filed a second FIR in the case. The new FIR claims that police officials who reached the spot did not allow Tiwari’s associate Sana Khan, who was with him at the time of the shooting, from receiving or making calls. It also accuses policemen of forcing Khan to sign on a blank paper. Speaking to PTI, Uttar Pradesh Justice Minister Brijesh Pathak backed some of the claims,accusingpoliceof “hushingup”thekilling.“Theloneeyewitness was kept in police custody for nearly 17 hours and her signature was taken on a plain piece of paper. The FIR was not registered the way it should had been.Thereisnoconsistencybetween the statement of Sana (who was accompanying the victim) and the FIR. And efforts 10 WORLD were made to hush up the case,” he said. The new FIR on Sunday was lodged by Tiwari’s wife Kalpana. The first one had been filed by Khan and named Constables Prashant Chaudhary, who is accused of shooting Tiwari, and Sandeep Kumar, who was with him. Kalpana has said in the FIR that the details of what had happened had been revealed to her by Khan. QuotingKhan,theFIRfiledby Kalpanasays,“Iwaswithmycolleague ASM sir (Tiwari was the AreaSalesManagerof Apple),returning home at around 1.30 am when suddenly Prashant Chaudhary and Sandeep Kumar came in front of the car. ASM sir gotscaredandashehadafemale friendwithhim,hetriedtomove his car by escaping. At the same time,theconstablesittingonthe back seat of (their) motorcycle and having a cane in his hand (got off) the motorcycle. Prashant Chaudhary, who was on the front seat, put his pistol againstthewindshieldandfired with intention to kill.” CONTINUED ON PAGE 2 wards going to polls in the first two phases, 89 candidates have filed nomination papers. Not a single candidate has filed nomination papers from Frisal municipality (13 wards) in South Kashmir’s Kulgam; only one has come forward in Beerwah municipality (13 wards) of Central Kashmir’s Budgam; South Kashmir’s Bijbehara municipality (17 wards) has five candidates; and Yaripora municipality (6 wards) CONTINUED ON PAGE 2 India wants trade deal to avoid tariffs, claims Trump LALIT K JHA WASHINGTON, SEPT 30 MAHATMA SWACHH BHARAT PART V The Indian Express reporters fan out across the country to mark milestones in the Mahatma’s journey. To bring stories of the footsoldiers of Swachh Bharat, whose job it is to wipe, mop and dust where the Mahatma once walked. BELAGAVI: WHERE GANDHI PRESIDED OVER 1924 CONGRESS SESSION PARASHURAM GANGARAM SUNGAR, 70 JOB: Contract worker SALARY: Rs 10,000 a month WORK HOURS: 9.30 am-5.30 pm; one day off in a week CLEANS: Well premises, museum hall, park Parashuram at work in the ‘Gandhi Well’ park. Express JOHNSON T A BELAGAVI, SEPTEMBER 30 AT THE end of his lunch hour, Parashuram Gangaram Sungar, 70, likes to feed the fish in Belagavi’s “Congress Well”, which was dug in 1924 to provide drinking water for those attendingthehistoric39thsession of the Indian National Congress — the only one presided over by Mahatma Gandhi. “The well has never dried up in the last 94 years,” says Parashuram, mashing a leftover rotifromthe“dabba”hiswifehas packed, sprinkling small pieces into a corner, bringing a swarm of mahseer to the surface. It was in 2002 that a memorial to mark the INC session took shape around the well in this northKarnatakatownbordering Maharashtra. Since then, Parashuram has been cleaning CONTINUED ON PAGE 2 TOMORROW PORBANDAR THEEDITORIAL PAGE Liberty without statism BY PRATAP BHANU MEHTA Army fires at chopper on LoC; PoK says its PM, Ministers on board CONTINUED ON PAGE 2 Lucknow murder case: No candidate or no contest in 60% seats going to Wife claims pressure, municipal elections in Valley in first two phases & justice minister agrees ADIL AKHZERMASOOD BASHAARAT voting would be needed. A total of 315 seats will go to polls in the first two phases, on October 8 and October 10, of which 185 have seen either no candidate or no contest. These seats do not include the more volatile regions of the Valley, including Shopian, Tral, Pulwama and Awantipora in South KashmirandHajinandSoporein North Kashmir — going to polls in the third and fourth phases — which may see even more muted response. 8 PRESIDENT DONALD Trump Saturday said India wants to haveatradedealwiththeUSbecauseitdoesnotwanthimtoimpose tariffs on their products. Trump’s remarks, for the second time in recent weeks, come days after Assistant US Trade RepresentativeMarkLinscottreturned from India, where he had detailed discussions with senior Indian officials on bilateral trade and a possible deal between the two countries. Trump often accuses India of imposing 100 per cent tariffs on American products. “We have a country, take India. Good relationship. They want to make a deal now because they don’t want me to do what I’m going to do... I have to. So, they (Indians) call us. They didn’t want to make a deal with anybodyelse,”hesaid.Trumpreferred to India in the context of his repeated allegation that other countries have been CONTINUED ON PAGE 2 PoK PM Raja Farooq Haider Khan (left) with Minister Minhas inside the helicopter. Courtesy: Mushtaq Minhas MAN AMAN SINGH CHHINA & NIRUPAMA SUBRAMANIAN CHANDIGARH, JAMMU, SEPTEMBER 30 A PAKISTANI civilian helicopter violatedtheairspaceagreement along the Line of Control (LoC) in J&K’s Poonch sector around noonSundayandwasfiredupon by Indian Army troops using small arms, officials said. It returned undamaged after about a minute, they said. Speaking to The Indian Express, Pakistan-occupied Kashmir’s Tourism Minister Mushtaq Minhas said he was on board the helicopter at the time, along with PoK Prime Minister Raja Farooq Haider Khan, the PM’s personal security officer, and the province’s Education Minister Ifthikar Gilani. “We had no idea that we had breached (the air space agreement), nor did we know that we were being fired at. When we landed at our destination, we learnt that there was firing on our chopper from the Indian side,” Minhas said. Indian officials said the helicopter, painted white, hovered over the Karmara area in the Sarla battalion sector nearly 8 km from Poonch town around 12.13 pm, breaking the agreement between India and Pakistan that no helicopter can come within one km of the LoC CONTINUED ON PAGE 2 It’s decided now, our jawans will strike back, says PM Modi EXPRESS NEWS SERVICE NEW DELHI, SEPTEMBER 30 A DAY after India dismissed Pakistan’s claims that it was trying to sabotage talks, Prime Minister Narendra Modi on Sunday said although the country staunchily believes in peace andiscommittedtotakingitforward, it cannot be “at the cost of compromising our self-respect and the sovereignty of our nation”. Speaking at his monthly radio address Mann ki Baat, the PM also warned that the country’ssoldiers would“giveabefittingreply”toanyoneattempting “to destroy the atmosphere of peace and progress”. Modi at launch of an Amul chocolate plant, Sunday. PTI Withhisgovernmentobservingthesecondanniversaryof the 2016 ‘surgical strikes’, on terror bases on Pakistan soil, as ‘ParakramParv’,Modisaid,“Ithas now been decided that our soldiers will give a befitting reply to CONTINUED ON PAGE 2 ● PAGE ONE ANCHOR FELLINLOVE, SAYSTRUMPON LETTERSWITH NKOREA’SKIM NAPKIN VENDS TO KIDS PARK, A KERALA HEALTH CENTRE SHINES With e-health system, telemedicine & lab, PHC in Wayanad scores 98% in national quality certification by Union Health Ministry SHAJU PHILIP NOOLPUZHA (WAYANAD), SEPTEMBER 30 INDONESIA QUAKE TSUNAMI: MASS BURIALS AS DEATH TOLL TOPS 800 CLEAN PREMISES, well-lit corridors, two separate toilets for women with sanitary napkin vending machines and incinerators, and a children’s park. What does it take to bring a Primary Health Centre (PHC) on par with some of the best government health facilities in a state? At Noolpuzha in Kerala’s TRACKING CHANGE» EVERY MONDAY For all Change stories, log on to www.indianexpress.com/change Witness Change? Write to us at email@example.com Wayanaddistrict,theanswerisa panchayat ready to open its pursestrings, a dedicated team of doctors — and Dr V P Dahar Mohammed in charge. Bordering Karnataka and Tamil Nadu, Noolpuzha is the second largest tribal panchayat in Kerala. Two years ago, Dr Mohammed took over as medicalofficerof thePHC,whichwas established in 1973. Last year, this centre was among the first set of 35 PHCs that were converted to family health care centresbythestateaspartof itsmissiontomakesuchfacilitiesmore patient-friendly. Just two weeks ago, it received a certificate from the Union Health Ministry for Dr Dahar Mohammed with patients at the Primary Health Centre in Noolpuzha, Wayanad. Express scoring 98 per cent in the national quality certification of PHCs, among the highest in this category. Today, this is the only PHC in Kerala with an in-patient wing, a labour room, an e-health system, telemedicine facilities and a modern lab that offers upto 40 different tests. Until two years ago, doctors say, the centre got only around 50 patients every dayintheout-patient (OP)block — now, that number is 250. “When I joined this PHC, the constructionof thenewOPblock was over. But I got the freedom to set up the facility. I designed the block with three partitioned OP rooms, a pre-consultation room, a counter and pharmacy andalabonparwithaprivatefacility. My concern was all about giving healthcare facilities in a state-run facility on par with thoseinprivatecorporatehospitals,’’ says Mohammed. Inside the waiting room, are sofas and an electronic display board to alert patients about their turn at the OPD. At the foyer, an audio visual primer on health care plays on an LED screen. The 10-patient ward has modern beds. And apart from theonecleaningemployeeallotted by the health department, CONTINUED ON PAGE 2
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