Banking and Finance
Bad debts
The Finance Ministry, the Reserve Bank of India (RBI), and the chairmen of 27 Public Sector Banks (PSBs) are getting together to tackle the whopping Rs. 51,000 crores in non-performing assets (NPAs). Though bad debts are inevitable in banking, it s extent in the PSBs is shocking. Poor pre-sanction appraisals and ineffective post-sanction monitoring are the two reasons identified for this poor state of affairs.

Miscellaneous
$100 million loan
The Indian Government's $100 million loan to Sri Lanka at this time is reprehensible. There is a civil war on and it cannot be said whether the current Sri Lankan Government is not at fault and is fair to the Tamil-speaking Sri Lankans. The loan will be utilised for whatever the Government wants, and it wants arms and ammunitions. That means India will be assisting the Sri Lanka's war effort against a section of its people.

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