The context Some recent developments taking place at the Central and State Governments’ levels have indicated that biometric based Aadhaar is evolving as a single-window mechanism to seek government benefits. These benefits include mid-day meals, skill training, various government subsidies, scholarships, jobs under MNREGA etc. to name just a few. Recently, the social welfare ministries […]
Recently, the Reserve Bank of India released the Financial Stability Report. The report presents a grim picture of bad loan problem faced by the Indian banking sector. The report also makes some pertinent recommendations with respect to addressing the big NPA issue.