DAILY FROM: AHMEDABAD, CHANDIGARH, DELHI, JAIPUR, KOLKATA, LUCKNOW, MUMBAI, NAGPUR, PUNE, VADODARA JOURNALISM OF COURAGE SATURDAY, APRIL 13, 2019, NEW DELHI, LATE CITY, 24 PAGES SINCE 1932 `6.00 (`8 PATNA & RAIPUR, `12 SRINAGAR) WWW.INDIANEXPRESS.COM Bad loans: 80% of writeoffs in decade came in last 5 yrs MUMBAI, APRIL 12 E AN XPRESS RTI APPLICATION Bank’s last resort WRITING-OFF bad loans is a regular exercise by banks to clean up balance sheets. But banks are required to extinguish all available means of recovery before they do so. Once loans are written off, there is little incentive for banks to aggressively pursue recovery. written off in the last five years since April 2014 amounted to Rs 5,55,603 crore. Eager to show lower bad loans, banks wrote off Rs 1,08,374 crore in 2016-17 and Rs 161,328 crore in 2017-18. In the first six months of 2018-19, they wrote off Rs 82,799 crore. Thequantumof writeoff zoomed toRs64,000croreintheOctoberDecember 2018 quarter. Bankingsourcessaidverylittle is known about the identity of the borrowers and the amount written off in the case of individual borrowers. While CONTINUED ON PAGE 2 WHATIS MISSING IN ELECTION MANIFESTOS Stirrings in UP: Latrine is need, cattle a worry, ASAT proof India is World No. 4 BY A R VASAVI PAGE 12 RAVISH TIWARI THE EDITORIAL PAGE LEGAL EDUCATION SC to parties: Submit bond details to EC YOUR RIGHT TO KNOW GEORGE MATHEW WITHTHEgovernmentstepping intimeandagaintobailoutbanks by recapitalising them with taxpayermoney,bankshavestepped up writeoffs of loans taken by rogue borrowers. They wrote off a whopping Rs 1,56,702 crore of non-performingloansduringthe nine-month ended December 2018, taking the total loan writeofftooverRs7,00,000croreinthe last 10 years, according to figures revealed by the Reserve Bank of India (RBI). Bulk of the writeoffs, or almost four-fifth of the total amount written off in the last 10 years, have accrued in the last five years since April 2014. In its reply to an application filed by The Indian Express, the RBI revealed that the total loan NO STAY ON ELECTORAL BONDS BAREILLY, MORADABAD, APRIL 12 UNLIKE THE megapolises where graffiti culture thrives, the Uttar Pradesh landscape is dotted with some very basic graffiti that signal a big leap in behavioural change in rural north India. Thehard-to-missgraffitithat adorn small brick-layered cubicles — latrines in local parlance, built with government grants — outside individual homes seek to cover up the story of limited means,of thecomplexsocio-cul- DECISION 2019 CONG COMPLAINSTO ECOVER SMRITI AFFIDAVITS PAGE 6 tural underpinnings in the poorer parts. These stand outside homes because culturally it is either too big a leap to make space for a kitchen or toilet within the CONTINUED ON PAGE 2 Issues need indepth hearing: Bench ANANTHAKRISHNAN G NEW DELHI, APRIL 12 A CENTURY LATER In Jallianwala Bagh Friday, an event to mark 100 years of the Amritsar massacre. Gurmeet Singh Lateral entry: Jharkhand: Old ox dies, mob Nine specialists kills man, three injured are join Govt at booked for bovine slaughter Joint Secy level PRANAV MUKUL NEW DELHI, APRIL 12 THE UNION Public Service Commission (UPSC) has appointedninenon-governmental professionals at joint-secretary levelpostsincentralgovernment departments. These appointments have been made to departments of financial services, economicaffairs,agriculture,cooperation and farmers welfare, civil aviation, commerce, environment, forest and climate change, new and renewable CONTINUED ON PAGE 2 ABHISHEK ANGAD GUMLA(JHARKHAND), APRIL 12 WHENADRANISHKujurtoldthe village of Jhurmo in Jharkhand that his 20-year-old ox had died in his field, at least 35 villagers wenttocarveitup.Minuteslater, a mob, armed with rods and sticks, attacked them, claiming they had slaughtered a cow. While most managed to flee, Prakash Lakra was killed and threeothersinjuredintheassault. Two days after the mob violence, as Jhurmo still recovers from the shock of the lynching, Jermine (L), wife of victim Prakash Lakra, with officers Jharkhand police Friday booked the three injured men, who are currently undergoing treatment at hospital, under the state’s bovine slaughter Act. And two of seven men charged with Lakra’s murder have been arrested. CONTINUED ON PAGE 2 DECLINING TO stay for now the electoral bond scheme, the Supreme Court Friday directed political parties which have received donations via electoral bonds to “forthwith” submit details of the bonds received till date to the Election Commission of India. Observing that “such weightyissues would require an indepth hearing” given the “competing claims”, the bench of Chief Justice of India Ranjan GogoiandJusticesDeepakGupta and Sanjiv Khanna directed that bonds received till May 15 “will be submitted on or before 30th May, 2019” in sealed covers BUSINESS AS USUAL BY UNNY which “will remain in the custodyof theElectionCommission of India and will abide by such orders as may be passed by the CONTINUED ON PAGE 2 If Muslims don’t vote for me, then come for jobs, I will say forget it: Maneka ASAD REHMAN LUCKNOW, APRIL 12 UNION MINISTER Maneka Gandhi,whoistheBJPcandidate from Sultanpur in UP, told a crowdThursdaythatshewillnot be inclined to help Muslims if they do not vote for her in the upcomingpolls.WiththeUPpoll office taking note of her speech, Maneka was speaking in Sultanpur the district administration has served her notice. In a video of her address, CONTINUED ON PAGE 2
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