More funds to be provided to banks to relieve them from bad loans
New Delhi: The rise in number of bad loans is causing a nuisance for the banking sector in India. The maximum number of bad loans are from Government banks. The government is trying to provide funds to these banks and free them from the clutches of debts. However Raghuram Rajan, Ex-Governor of Reserve Bank of India (RBI) stated that more capital is required for the banks in public sector.
The public sector banks bad loans have been constantly increasing in last few years. RBI and Ministry of Finance are looking to control the ‘NPA’. However it does not seem to have helped much. In addition to this, banks have been asked to fulfil the ‘Basel – III’ criteria by 2019. Similarly, improvements in International Financial Reporting Standard (IFRS) are sought.
Pakistan committing genocide in Balochistan : allege Baloch leaders
Quetta /New Delhi : After the Prime Minister Modi mentioned Balochistan in the Independence Day speech, the Pakistani army has started committing severe atrocities on the Baloch civilians. The Pakistani army is using chemical weapons against the Baloch civilians and many people are killed by adding poisonous chemicals to water. Baloch leaders have appealed to the International community to pay attention to the Pakistani genocide. They have also added that Balochistanhas high expectations from India.
The Baloch leader Naela Quadri has added that while the Baloch people have been suffering from Pakistani atrocities for the last seven decades, a tsunami of atrocities has been unleashed here, after India raised the issue of the human rights violations in Balochistan. More than hundred people are being killed every day. Our innocent children are being killed by the army by using chemical weapons, said Quadri, thus bringing the issue of Pakistan’s atrocities in Balochistan to the world’s notice.