Home FEATURED NEWS Daily Briefing: How write-offs helped banks halve NPAs; a chat with Twitter India’s ex-CEO; and extra

Daily Briefing: How write-offs helped banks halve NPAs; a chat with Twitter India’s ex-CEO; and extra

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After writing off an enormous quantity of loans price over Rs 10 lakh crore within the final 5 years, banks have been capable of get better solely 13 per cent of it up to now.

The mega write-off train has enabled banks to cut back their non-performing belongings (NPAs), or defaulted loans, by Rs 10,09,510 crore within the final 5 years, in response to information furnished by the Reserve Bank of India (RBI) in its reply to the Right to Information (RTI) request filed by The Indian Express. How does the write-off assist banks and India’s financial system? Read here.

Only within the Express

In the latest edition of Idea Exchange, Yogesh Singh, Vice-Chancellor, University of Delhi, speaks in regards to the admission course of and CUET, DU’s place in comparison with worldwide universities and what he wish to change in DU. 

The former India head of Twitter, Manish Maheshwari, in an exclusive chat with indianexpress.com, famous that billionaire Elon Musk’s private views have been converging with that of Twitter which he acquired a number of weeks in the past: “The question then is whether the platform is neutral or is it Republican?” Maheshwari is optimistic that Twitter “will not die instantly…” although at this fee, “you will start seeing this decay happening over time”.

From the Front Page

Days after Shraddha Walkar’s killing in Delhi shook the nation, an analogous macabre homicide has come to the fore in Baruipur, 40 km from Kolkata, the place a 50-year-old lady and her 25-year-old son have been arrested for allegedly killing her husband after which chopping his body into six parts earlier than dumping them in close by areas. 

Here’s what the neighbours had to say in regards to the household and the homicide night time.

As the UN climate change talks got here to an finish, the creation of a loss and injury fund, a key demand of the growing nations, was the lone brilliant spot within the closing consequence. The Sharm el-Sheikh local weather assembly settled for an especially weak settlement that does little to strengthen the efforts to sort out the primary trigger of world warming.

A blast that befell in a shifting autorickshaw in Mangaluru Saturday was not an accident however an act of terror, Karnataka DGP Praveen Sood has stated: “The blast is not accidental but an act of terror with the intention to cause serious damage.” The explosion was allegedly brought on by an improvised explosive gadget contained in a strain cooker. The state police is probing deep into it together with central businesses.

Must Read

In our Opinion part at this time, Hilal Ahmed writes on the BJP’s programme to mobilise Pasmanda Muslim communities and the way it underlines a particular political trajectory. “Pasmanda Muslim identity is rooted in social justice politics and seeks to challenge Ashraf hegemony and secularise ‘backwardness’. It fits well with RSS’ new conceptualisation of Indian national identity and the BJP’s labharthi welfarism”.

The reworked model of the Data Protection Bill, launched three months after the federal government withdrew an earlier draft, eases cross-border information flows and will increase penalties for breaches. But it offers the Centre wide-ranging powers and prescribes only a few safeguards. We explain what this draft digital privateness legislation says and the way it compares with information safety legal guidelines elsewhere.

And Finally…

Though Qatar misplaced 2-0 to Ecuador within the opening match of the 2022 FIFA World Cup, the host nation made their presence felt in a rousing exhibition of ardour and fervour. The Indian Express reports from Qatar on how regardless of shedding on subject, the Qataris received hearts outdoors. “Qatar had promised it would put on a show, and it delivered – at least on the opening day.”

Delhi Confidential: A want got here true for a bunch of scholars from DAV Centenary Public School, New Delhi, when CJI D Y Chandrachud accepted their request to work together with them. To a scholar who sought tricks to turn into a choose, and probably the CJI, someday, he stated, “If you want to become a judge, you must always do something that is right. Never take shortcut to success by doing wrong things….”

🎧 In at this time’s episode of the ‘3 things’ podcast, we speak about Rahul Gandhi’s remarks on Veer Savarkar, the attorneys’ protest in Gujarat towards the switch of Justice Nikhil S Kariel, and at last the Mangaluru autorickshaw blast.

Until tomorrow,

Sonal Gupta and Anandu Suresh

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