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For the first time, SBI has sold bad loans to Asset Reconstruction Companies (ARC)
Based onThe recent news report says that faced with unprecedented levels of stressed assets (also known as NPAs or non performing assets), banks led by the country’s largest lender SBI sold over Rs.10,000 crore of bad loans to asset reconstruction companies (ARC) in March alone. SBI which had reported 5.73 per cent NPAs in the December quarter, led the chart by reportedly selling close to Rs.4,000 crore to ARCs. This was the first time the bank has do so. published reports
Contributed by : SVMohan62
India
Necessity of accountability and ever-prevailing code of conduct
Budgeting and forecasting are inseparable functions of management. Our political parties, however, refrain from projecting the future environment while declaring their proposed deliveries post win. Election manifestos are like a dream world. Definitely, foreign investors would have extended extensive support in case these manifestos were based on scientific and reliable statistical calculations. Every state and the nation as a whole would have been in a prosperous position until now with attributes like immense job prospects, equality of income distribution, basic facilities, and sturdy economy. Sad to notice, this isn’t real.
Contributed by : CA Dr Sunil Gupta
India
Are Delhi women happy on transport department's proposal to make helmets mandatory for them?
The transport department expressed its concern over the number of accidents taking place in the city roads and has decided to make helmets mandatory for women pillion riders. Although Section 129 of the Central Motor Vehicle Act made this law compulsory for all (riders and pillion riders), but after 1993 following protest of Sikhs, it got delayed. The exemption had been granted on religious grounds after protests by Sikh women. But presently, the department has sought the permission from the Election Commission of India for issuing a gazette notification for making it mandatory for women pillion riders to wear the gear.
Contributed by : Rajni Verma
India
World Hemophilia Day 2014 observed
On the occasion of World Hemophilia Day observed every year on April 17, Society for Hemophilia (SHC India) an NGO working at National level organised an awareness program about Hemophilia and its treatment at Northern Railway Hospital, New Delhi
Garima Mohan

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