The Economic Times reports that at the end of 2013, the RBI has warred of a lurking loan contagion. The paper says, higher than normal bank loan exposure to corporate groups may end up putting the entire financial system at risk as a loan default could spiral out of control.
"Time is up for Service Tax Evaders" cautions The Hindu. The paper writes that with the Voluntary compliance and encouragement scheme coming to an end today, the Union Govt has warned service tax evaders of "arrest and prosecution" from January 1st.
In a report "Indian staff at US Mission have pay issues", the Asian Age writes that even while the complete salary details of the Indian employees of the US embassy and its consulates are still awaited, complaints from these employees have started trickling in.
Brand Amul to spread to America, "writes The Hindu's Business Line. The paper says that come February, the Gujarat Co-operative Milk Marketing federation which owns and markets the Amul brand will start manufacturing its products from a plant near New York.
"Coldest December Day in 17 years in Delhi", says the Times of India, adding that at just 2.4 degrees Celsius, Delhi not only recorded its lowest December temperature, it was colder than many European cities like London, Copenhagen, Brussils and Amsterdam.
And finally, the Indian Express reports of a Cinderella story for a govt girls school in Kerala, patronised by students from poor families seeking free education. The paper writes that a group of unlikely benefactors - a CPM MLA, a Dubai based NRI, IIM kozhikoda, ISRO and Infosis have helped the Government Vocational Higher Secondary School in Kozhikoda become one of the 10 best schools in the country.