Similar Stories

The banking industry is in shambles thanks to high level of NPAs, especially in public banks. According to a report by the Public Finance Public Accountability Collective (PFPAC), the NPAs rose from a mere Rs 50,517 crores in 2007 to Rs 5,41,763 crores in 2016. In a period of six months between September 2015 and March 2016 the amount of NPAs shot up by a staggering 46 percent. That they now stand at Rs 10 lakh crore underscores the economic slowdown and failure of remedial measures.

Electoral bond is an instrument to donate money to political parties  and can be purchased from State Bank of India and identities of donor and receiver are kept secret. NDA government rejected objections of RBI before passing the law. The government claims that electoral bonds will weed out black money from political funding but opposition parties and Election Commission feel the bond scheme promotes anonymous funding and favours the BJP. 

Next time you decide to donate your hard earned money for a noble cause, be very careful. The funds may land up in the coffers of just a few officials instead of reaching the affected people. Investigations into the Junior Red Cross Fund in the state of Punjab have revealed.

Electoral bond is an instrument to donate money to political parties  and can be purchased from State Bank of India and identities of donor and receiver are kept secret. NDA government rejected objections of RBI before passing the law. The government claims that electoral bonds will weed out black money from political funding but opposition parties and Election Commission feel the bond scheme promotes anonymous funding and favours the BJP. 

Chattar Singh of Ramgarh village had never heard of a mosquito till the time he went to Jaipur to appear in a school examination. When the village elders asked him how he plans to tackle the blood thirsty insects, he said, “Let them come, I will have my stick ready.”