Thursday, June 22, 2017

Venkaiah Naidu says seeking loan waiver has become a fashion, draws flak

Venkaiah Naidu says seeking loan waiver has become a fashion, draws flak


Most newspapers have pictures on their front pages celebrating world yoga day. Under the caption, "Yoga ga ga", The Tribune has a collage on its front page showing PM Modi, Presidential candidate Ramnath Kovind, a 98 year old yoga instructor  and soldiers at Siachen glacier performing yoga. Under the headline, "Om fills world as yoga stretches its reach", The Pioneer writes that "Om" reverberated from Machu Picchu in Peru and Great Wall in China to London Eye.
Another story tracked by most newspapers is the upcoming Presidential election. "Cracks in Opposition over contest, Congress pushes for Meira Kumar" is The Indian Express headline.
The Asian Age reports that the Gorkha Janamukti Morcha has offered a 12 hour window on June 23 to schools to safely evacuate their students in Darjeeling.
The Times of India headline reads, "Companies reduce supplies ahead of transition to GST". The paper adds that shortages are unlikely, as most dealers are well-stocked.
The Hindu reports that former Justice C S Karnan, who was sent to jail yesterday, has had a long history of confrontation with his colleagues. The paper adds that documents reveal that many of the former judge's peers were so afraid of his threats that they wanted to seek voluntary transfer.
Financial Express reports that contrary to the banks' expectations, most of the money that moved into banks after demonetisation has stayed put. The paper adds that the banks had expected only 40% of the deposits to remain with them.
"SEBI joins RBI in fight against bad loans" is the Business Standard headline. The paper adds that the market regulator has provided takeover code exemptions for acquirers of stressed firms. Currently these exemptions were available only for banks.

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