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RE: Indian Business-Banking News

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Firms spying on senior staff by tracking call records

Vijay V Singh TNN

Mumbai: If you are a senior employee at a top-notch firm,your employer could be tracking your movement with the help of your cellphone call records.Some companies are hiring retired and serving police officers as well as private detectives,with access to service providers,to snoop on senior employees.
The police busted a gang of private detectives selling illegally obtained call records to clients.Some of them were connected to corporate houses.During probe,police learnt that corporate houses hired detectives to track the movement of rivals and companys senior executives.
An employer asked details of his senior executive to get information about his frequent foreign visits,said a police officer.Often,employers want to be sure senior executives do not betray them,he said.
The investigator found a couple of directors had emailed detectives for call details of their senior executives and business partners.Call records include list of incoming and outgoing numbers,duration of talk and approximate location of the mobile phone owner during the call.
Many corporate houses were involved in such deals but kept it confidential.These firms hire services of Due Diligence companies,for similar job done with more sophistication.Tracking a suspects movement with the help of call records is more accurate and cheaper so it is more in demand,said the officer.If you know the routine of a senior executive or a VIP when he calls,on which numbers,how long he communicates with the person and his locations during each call it helps to understand the proximity between the caller and the receiver, he said.
Most private detective agencies officially declare on their website several corporate,banking and insurance firms as their client.They claim to conduct mobile investigation which is actually an analysis of phone call records.
A senior IPS officer said,If its true,then it is a dangerous trend and government should immediately intervene to stop such illegal activities.
Former IPS officer turned lawyer Y P Singh said,If officers are found obtaining call record of a person not connected with their case and with ulterior motive,the officer should be liable for department action.The person whose privacy was compromised can sue the officers.

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Now,Jet gets tax notice over 69cr dues

New Delhi: After freezing the bank accounts of beleaguered Kingfisher Airlines,the service tax department has now served anotice to Jet Airways to pay up about Rs 69 crore as dues soon or face similar consequences.The airline said it would pay up by Monday.
Jet Airways has not paid a total of about Rs 69 crore worth of dues for January and February,which they collected during this period,sources said.The amount was to have been paid by March 6,they said,adding that if they did not reply to the notice soon,We will have to go for freezing of their accounts.We have to talk to the banks in the process of assessing the number of accounts they have. When contacted,Jets senior vice president (finance) Mahalingam Shivkumar said,There has been some delay due to hike in oil prices and other costs.We are effecting the payments by Monday.
Jet Airways posted a loss of Rs 101.22 crore in the third quarter ending December 31 last year,as higher fuel prices,lower fares and rupee depreciation continued to hurt the company.In the corresponding quarter,the company had posted a net profit of Rs 118.23 crore.AGENCIES

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Europe releases 35bn for Greece bailout

Berlin: Euro zone finance ministers have released 35 billion from the second bailout package for debt-ridden Greece,shortly after its government reached a landmark deal with private creditors on a bond swap,which will halve its debts to around 107 billion.
The finance ministers of the 17 nations on Friday welcomed the pact by private sector holders of Greek sovereign bonds to write down up to 53.5% of their claims in nominal terms by exchanging their bonds for new ones with less value,longer maturity and lower interest rate.In real terms,they may face losses up to 74%.
The ministers were quite encouraged by the high level of participation by banks,insurances,funds and other private creditors,Jean-Claude Juncker,Luxembourg PM and chairman of the euro group said.They shared the view that Greece fulfilled all conditions set by the EU and the IMF to receive the second 130-billion--euro bailout package.Juncker said the ministers decided to release 30 billion from the package to finance the debt.PTI

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Banks refuse to give loans to big airlines

Cash-Starved KF,AI,Jet Send SOS To Govt

Saurabh Sinha TNN

New Delhi: The big boys of Indian aviation Air India,Jet and Kingfisher have sought government intervention in getting banks to lend working capital to them.An aviation ministry source said that banks have completely stopped lending to airlines and that the sector is facing its gravest fight for survival.
Airlines have told us that bank funds are out of bounds for them even as working capital requirement is shooting up.With crude oil at $130 a barrel,there are indications that jet fuel price will rise again.Banks ask for viability before lending but the sector as of now is anything but that, said a source,warning that unless some sector-specific package is worked out,other airlines too could join the ranks of AI and Kingfisher,who are on the verge of closure.
The ongoing Kingfisher crisis is,in fact,proving to be a double-edged sword for the aviation ministry.While it realizes the sector as a whole needs a package to survive,any push at this time is being seen as a sop to save Kingfisher, said a senior official.While this charge virtually rules out any swift action,Kingfisher itself is benefiting from this muddle.
Aviation authorities say theyll keep a very close eye on the situation in Kingfisher on Monday from when a large number of pilots have threatened to go on strike due to non-payment of salaries.If that happens,the airline would be unable to meet even the highly truncated schedule of 175 daily flights on 28 working aircraft.
If Kingfisher comes to a position where it cant keep its schedule because of unpaid pilots going on strike,well need to take some action.But if we do that,how can we overlook Air India where too unpaid pilots have threatened to go on leave from April 1 said an official,adding that the only difference in the current situation at Kingfisher and AI is that the latter is government-owned.
The ministry is worried that even the small LCCs may be unable to escape the fate of the big players as the cost environment is getting worse of airlines in India mainly due to high jet fuel prices.But with a policy paralysis plaguing the government,no one is sure will UPA-II act before it is too late for airlines in India.

Flying to Blore Check flight schedule

Bangalore: Those planning a trip from Mumbai to Bangalore within the next month are in for some schedule changes.Major changes in flight schedules from and to Bangalore will be effective between Sunday and April 3 because of the closure of the airports runway for seven hours during the day.The runway will be closed for maintenance between 10.30am and 5.30pm,preventing any take-off or landing during the period.
The airport has advised all passengers to contact their respective airlines to obtain flight information.
Between April 4 and May 4,small sections of the runway and the taxiways will be closed,but this may not affect flight schedules significantly.
The airport has said that during the time of closure,the airport will offer various options to explore for passengers taking flights from Bangalore.Besides free Wi-Fi,passengers will be able to indulge in packages from nearby resorts for power naps,dining and activities.Additionally,based on the demand,the airport has associated with KSTDC to offer quick tours to the famous Nandi Hills and Jain temple. TNN

CASH CRUNCH: Kingfisher,Air India and Jet have sought government help in getting banks to lend them capital

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Mitsubishi may drive in small car sans HM

But Compact Launch May Take 2-3 Years

Pankaj Doval TNN

New Delhi: Mitsubishi may not partner financiallystrained Hindustan Motors (HM) while launching a small car in India as the Japanese car major looks to increase its engagement and stake in the market.
Mitsubishi has had a technical collaboration with the C K Birla-group company since 1998 and is looking at a variety of options for its entry into the Indian small car market.We are studying several opportunities,and this includes going solo when we launch the small car, Masahiko Ueki,Mitsubishis corporate GM for Asia & Asean,told TOI after the company drove in a new variant of its Pajero SUV,priced at Rs 23.53 lakh (ex-showroom Delhi ).However,he said,Nothing has been decided at this moment.
ASankara Narayanan,former MD of HM who is currently a director,said,We are not insisting they keep us in (for the small car project).While we are open to the idea,it all depends on the volumes they are looking at for the small car as well as the investments.
Mitsubishis Thai eco car,Mirage,could make way into India,Ueki said,though adding that the launch may not happen before the next two to three years.The Mirage,that debuts in Thailand this month,will be powered by a 1.2-litre petrol engine.He said the companys Indian operations were still not prepared to handle a large volume product like a small car.For these mass products,we need certain volumes and sales and service network.However,our Indian sales volume is very low at the moment and we would like to increase those first through the existing products.
A senior HM official said that Mitsubishi products are currently retailed only through 39 outlets.Unlike other Japanese makers like Suzuki,Toyota and Honda,Mitsubishi has been a laggard in India despite its stay in the market for well over a decade.Apart from the Pajero,the company sells Lancer and Cedia sedans and Outlander SUV in India,which are manufactured and marketed by HM at its factory in Chennai under a licencing arrangement.However,it has not been able to crack the market yet and could manage to sell only around 3,000 units in 2011,which were near flat to its previous year's number.

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NO ACCOUNT
Top PwC India executives signed backdated invoices

Pankaj Doval TNN

New Delhi:Apart from chairman Deepak Kapoor,other members of the top brass of PricewaterhouseCoopers India (PwC India),including MD Robert Morris,were also involved in signing backdated invoices.According to papers accessed by TOI,the others involved included finance director Rajan Verma and executive director Neel Ratan.
Kapoor had,for instance,signed an invoice for $7 million that came into PricewaterhouseCoopers Pvt Ltd (PwCPL) in the first week of May 2011 (FY12),but was illegally shown in the books of FY11 through backdating to March 31,2011.
Similarly,Ratan had signed an invoice for $3.93 million that came into the tax and business advisory services company in June-end 2010 (FY11),but was shown to come in FY10 through backdating of invoice to March 31,2010.Verma had signed invoices for $7.5 million and for $3.5 million that were backdated to March 31,2011,even when the money inflow happened in the third week of May 2011 and June-end 2011,, and which should have been accounted for in FY12.PwC India did not respond to the backdating issues.

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VINTAGE PILL
Heritage brands big earners in pharma

Rupali Mukherjee TNN

Mumbai: In an age where billions of dollars are being spent on research for new molecules and drugs,it appears that old is still gold in the Indian pharmaceutical market.The 20 to 25-year-old heritage brands of painkillers,vitamins and cough syrups continue to dominate the domestic pharma space and are still the money spinners.
Riding on a strong brand recall and increasing sales from rural and untapped markets,these drugs including painkiller Voveran,health supplement Revital,and cough medication Corex clocked annual sales of nearly Rs 200 crore each last year,and are growing at a strong double-digit clip yearon-year.Others heritage brands which are making the cash registers ring include popular medicines like Combiflam (anti-inflammatory and painkiller),Mox (antibiotic),Liv-52 (for liver ailments),Benadryl (cough syrup),Calpol (paracetamol ) and Shelcal (calcium and Vitamin D3).
The average age of all the best selling drugs is 19.3 years,with the oldest being 25-year-old Voveran,manufactured by Novartis,and the youngest,Abbotts 15-yearold Phensedyl Cough,reveals an IDFC Securities analysis of the top 10 largest-selling drugs (see table).Right on top of the list is Abbotts anti-diabetic drug (insulin) with sales of Rs 220 crore.The brand was launched in 1992 and has registered a 18% CAGR over CY07-11.
Significantly,despite their vintage,the top 10 brands continue to grow steadily with a revenue CAGR of 14.2% over CY07-11,signifying a high brand stickiness.This is quite unlike the developed countries where the average age of top brands is typically 12-15 years,depending on the length of patent protection,analysts TOI spoke to said.
One of the reasons why old brands are still popular here is because painkillers,cough and cold medication and antibiotics are mostly prescribed by general practitioners (GPs).Smaller cities and towns continue to have GPs who prescribe these medicines routinely to people suffering from acute illnesses.
Certain medicines enjoy a strong brand legacy built over a long time,and over generations.Old molecules still have a strong play in a cluttered,me-too market in India as they command a high level of perception built over decades.Also,the disease categories here are growing,and with more people in rural areas and small towns getting access to treatment,these drugs register a strong volume growth as well, says Sujay Shetty,Partner PwC India.
Globally,some blockbuster medicines have made very successful switches to the over-the-counter segment after losing patent protection,and continue to clock high sales.A lot of these top-selling brands here are available over the counter,like cough and fever medications.
People are confident about which pill to pop as they trust the company,and also because of loyalty to a particular brand.They continue to do so each time they are unwell,particularly so in cough and cold illnesses,fever,pain and for wellness, explains Kewal Handa managing director of Pfizer India,which owns heritage brands like Corex (cough syrup),Becosules (vitamins ),Gelusil (antacid) and Folvite (folic acid).
Pharma companies,meanwhile,are happy to leverage the brand equity enjoyed by these mature established brands,and reap the benefits for a long time.Says Ranjit Shahani,VC and MD of Novartis India,which owns painkiller Voveran and Calcium Sandoz in its portfolio,With fewer new chemical entities being launched,pharma companies are trying to see how they can extend many of these strong brands as many of these still account for a large chunk of the companys bottomline.
In the analysis,domestic players dominate the rankings with a 65% share by owning 196 brands in the top-300 list.However,despite a limited presence in India (20% of the total domestic sales),MNCs have demonstrated better brand building capabilities and have created 92 of the top-300 brands,and five of top 10 brands sold in the country.For instance,in a bid to build the brand in untapped areas,MNCs like Novartis are running healthcare initiatives like Arogya Parivar to create awareness,accessibility and affordability,where small packs of their blockbuster medicines are sold in villages.
However,to keep breathing fresh life into the brand,companies need to constantly innovate with new combinations,attractive colours,flavours or drug delivery methods,says Handa,adding otherwise regional brands start to nibble away the market share.

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GIC invests $100mn in Vasan Healthcare chain

TIMES NEWS NETWORK

Chennai: Sovereign fund Government of Singapore Investment Corporation (GIC) has picked up a minority stake in Vasan Healthcare Enterprise,an eye care chain,for $100 million.Vasan will use the funds to expand rapidly in new geographies,besides look at acquisitions,Dr A M Arun,chairman of Vasan,told TOI.
The company had earlier raised about $50 million from Sequoia and Westbridge in three rounds of investments in the last three years.
Vasan,which started as a stand-alone pharmacy in Trichy in 1947,set up its first eye care hospital in 2002 in Trichy.Today,the company has over 100 hospitals in 11 states.
Arun did not divulge the stake diluted or the valuation at which the stake was sold.Cumulatively,all three investors still hold minority stake,he said.GIC will be offered one seat on the companys board.Spark Capital was the adviser to the transaction.
On plans are to increase the eye care centres from 102 to 165 by the end of FY2013 and nearly double the dental care hospitals to 35.We are fully funded.Over the next two months we will have 125 eye care centres which will increase to 165 by March 2013, Arun said.Each tertiary hospital will come up at an investment of Rs 10-12 crore,while secondary care units will need Rs 5-7 crore.Two-thirds of all new hospitals will be in the tertiary space.
Arun said his chain was already the worlds largest eye care network and Indias largest dental care network.We are looking at replicating this model by entering skin care,infertility,diabetes chains.The first centre of our new businesses will be ready in the next fiscal, he said,adding that Vasan will strive to become a complete healthcare network offering speciality services across all daycare medical requirements.
The healthcare chain closed the last fiscal with a revenue of Rs 250 crore.Our business plan is to earn Rs 1,000 crore as revenues by March 2013, he said.By which time,the company will also get ready for initial public offering.This is the last round of private fund raising.We should hit the markets by 2014 by which time we will have a pan India presence across specialities, Arun said.

GROWTH JAB

Vasan Healthcare will use the funds to expand in new geographies,and look at acquisitions The company had earlier raised about $50 million from Sequoia and Westbridge in the last three years All three investors still hold minority stake in the dental and eye care chain

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Inflation rises to 6.95%

RBI Unlikely To Reduce Key Rates Today

TIMES NEWS NETWORK

New Delhi: Inflation accelerated for the first time in five months in February on the back of an increase in food prices prompting analysts to say that RBI may delay any aggressive easing of interest rates for now.The data released by the commerce and industry ministry on Wednesday showed inflation,as measured by the wholesale price index (WPI),rose 6.95% in February from 6.55% in January.In February,2011,it had stood at 9.54%.
A sharp increase in food inflation was one of the key drivers.Food inflation rose 6.07% from a decline of 0.52% in January due to stubborn prices of vegetables and protein-based items.But there was some relief on the manufactured products inflation that moderated in February compared to the rising trend in the past few months.FM Pranab Mukherjee said easing of manufactured products inflation was good sign and hoped that overall inflation will settle around 6.5% by Marchend.
I do hope if this trend continues then we will end the year with around 6.5% (inflation)..., Mukherjee told reporters here.The government also revised upwards the December data to 7.74% as compared to the previously reported 7.47%.Experts said Wednesdays data posed a dilemma for the RBI.The central bank has raised 13 times since March,2010,to tame stubborn price pressures and has said it will keep a watch on how the inflation pans out in the months ahead.The combination of resurging food price inflation,stickier core price pressures and hikes in domestic electricity prices and excise duty on diesel means headline inflation looks sticky at 7% through,meaning that the scope for aggressive rate cuts by the RBI looks increasingly unlikely, BNP Paribas said in a note.
The RBI will review monetary policy on Thursday and analysts expect it to hold rates.

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India Inc posts muted advance tax nos for Q4

Data Indicates Cash Crunch May Continue

Piyush Pandey TNN

Mumbai: India Incs last installment of advance tax payment for the year 2011-12 witnessed a subdued growth with some firms posting moderate growth,while many others reporting lower or flat growth signalling that the liquidity crunch facing corporates may continue for a while,restricting them from taking major investment decisions.During the last quarter,India Incs advance tax payout was largely flat,which showed that the slowdown was impacting their bottom-line.
TCS saw its tax liability grow almost threefold to Rs 550 crore from Rs 200 crore in the year-ago period.Other corporates which saw their tax liability going up include HUL,Ambuja Cements,Asian Paints,Reliance Industries,Colgate,Oracle,and Godrej Consumer.
Some others such as ACC,HPCL,Bajaj Auto,Mahindra & Mahindra,Tata Steel and Castrol posted lower advance tax for the quarter,while firms like Tata Motors,BPCL,IOC,L&T,Siemens,Pidilite posted flat advance tax numbers.Aditya Birla Group firms like Hindalco and Grasim Industries also posted lower advance tax for this quarter.
The numbers are more or less in line with market expectations.There are a few surprises like TCS and Union Bank,as they paid more, said investment advisor S P Tulsian,adding that oil marketing firms like HPCL,BPCL and IOC have not paid any advance tax due to inaction on the part of the government as they have not received subsidies.
Among banking and financial institutions,State Bank of India (SBI),LIC,Union Bank and HDFC lead the pack.SBI,which paid Rs 1,650 crore this year against Rs 1,500 crore,represented a growth of 10% over the previous year.Insurance giant LIC paid just Rs 40 crore more over the previous year at Rs 971 crore.
HDFC Ltd saw its tax liability going up to Rs 400 crore from Rs 350 crore last year,while HDFC Banks tax liability also went up by Rs 50 crore to Rs 600 crore this quarter.
Interestingly,Union Bank saw its tax liability going up by almost three-fold to Rs 200 crore while Dena Bank paid more than double the tax this quarter at Rs 120 crore from Rs 50 crore in the year-ago period.

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PUG-MARKED
FM refuses to hang up on Vodafone case

Retro Effect For Tax On M&A Deals

TEAM TOI

The government on Friday proposed a change in law to ensure that it taxes transactions such as the one involving Vodafone and Hutch as part of a plan to generate Rs 40,000 crore from M&A deals involving foreign players with interests in Indian companies.
Apart from Vodafone,the move is set to impact several others including the Tatas and the AV Birla group which had bought AT&Ts stake in what is now called Idea.Similarly,SAB Millers acquisition of Foster and Vedantas deal to buy a 51% stake in Sesa Goa from Mitsui faced similar tax demands.The Finance Bill introduced by finance minister Pranab Mukherjee has proposed to amend the law with effect from April 1962 to ensure that the government can levy capital gains on the shares in a company that derives value from its operations in the country.
The Supreme Court while quashing the $2 billion tax demand on Vodafone had observed that Indian authorities did not have jurisdiction to tax the transaction between Hutch and Vodafone as the companies were registered overseas and it was done off shore.But the Finance Bill has proposed that presence in any form will make a compa ny liable to payment of tax.
Not surprisingly,the move drew strong reactions,al though Vodafone appeared re strained in its comments.We are examining this proposed decision with our lawyers,but we do not believe this retro spective change in tax law should have any impact on the final judgment handed down by the Supreme Court in our tax case We continue to have faith in the Indian judi cial system, a company spokesperson said in London
Tax experts,however,said such amendments have been going on for years,and they were waiting to see how the Supreme Court views it.Vodafone got the order after a long litigation.If the government is not going to respect a court pronouncement,then why litigate The government does not give any advance ruling.Then it gives its interpretation of the law.How do you deal with the situation, said KPMG partner Dinesh Kanabar.
Analysts said it will adversely impact foreign investment.The government has sought to amend the income tax law retrospectively to bring into the tax net Vodafone-Hutchison type of transactions.This is with a view to override the recent Supreme Court decision, said Sandeep Ladda,executive director (tax & regulatory services) at PricewaterhouseCoopers India.

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18_03_2012_004_002.jpg tall claims

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Drastic Cut In Ad Spends As Viewership Dips
IPL-5 on sticky wicket as sponsors go slow

Samidha Sharma TNN

Mumbai: Touted as being a money spinner in its first few editions,its been tough going for the Indian Premier League (IPL) in its fifth year running as sponsors now find the property too expensive.
Just two weeks from the start of the tournament and Multi Media Screen,which runs SET Max,the official broadcaster of the Twenty20 tournament,has still to get all its sponsors in place unlike any of the previous years.
While some sponsors from the past like LG and Godrej have preferred to stay away,others like Canon have cut down their IPL ad spends by 80% this year.SET Max,however,continues to maintain a brave face.A senior official from the channel told TOI that it will not resort to discounting in order to sell its ad inventory.
Media agency sources said this year advertisers are not sure about the premium that the property commands.SET Max has put a Rs 5-lakh price tag for a 10-second spot which means that a tournament sponsor will have to shell out anywhere in the Rs 30-45 crore range,a big chunk of any advertisers marketing budget.As of now,telcos Vodafone and Idea 3G handsets have signed on as co-presenting sponsors,while PepsiCo and Tata Photon are the associate sponsors.SET Max had told this paper a few months ago that it will look to get on board at least 8-9 sponsors and will not lower rates.
Rohit Gupta,president,MSM,the owners of SET Max,said he is not worried.Most of the deals are done and its the contracts which are taking time as there is a lot of legality attached to them, he said.
Gupta added that he will not budge from the present ad rates.We will sell the remaining spots once the ratings come out for the tournament, he said.
The way the cost of IPL is increasing,advertisers are starting to look at other options.Each year the rates have gone up by 15-20 % and the returns are not directly proportionate, said Alok Bharadwaj,senior VP at Canon India.
The Japanese digital imaging company had spent around Rs 10 crore on IPL-4 but this year Bharadwaj added the ad spends will only be 20% of 2011.
The risk appetite among advertisers has come down significantly.So,if it means there will be moderate returns on investment on non-IPL properties,even then that is what clients want, said Basabdutta Chowdhury,CEO of Madison Media Plus,amedia buying agency.
Sources told TOI that ad rates have lowered a bit from the initial ask and some of the sponsors have been offered additional airtime and presence.
Vodafone,which has been an on-air sponsor with SET Max since 2008,was in two minds about its association with the Twenty20 tournament,said sources privy to the matter.The telecom major also has the ground rights to the tournament till 2013 and is expected to review its association next year.Last years IPL clocked an average rating of 3.91 across All India C&S 4years+ compared to 5.51 registered for IPL-3.The IPL-5 starts on April 4 and will be played at 12 venues over 54 days in India.

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TN lenders see red as SMEs,students default

Banks Seek Invocation Of Revenue Recovery Act

Aparna Ramalingam TNN

Chennai: The general slowdown in the economy is taking a toll on the non-performing asset (NPA) lists of banks.A recent report by the State Level Bankers Committee (SLBC),Tamil Nadu,showed that bad loans have been rising in all categories except housing up to September 2011.
NPA position under all categories is on the increase every quarter.The state government is requested to consider invocation of the Revenue Recovery Act to improve recovery,as done in the neighbouring state of Kerala, said the report.
As per SLBC data,the percentage of NPAs to advances is highest in educational loans followed by the medium and small scale sector.It becomes difficult to track students after they complete their courses and take up a job.Also,in some instances,students have not been able to get a job after completing their degree on account of the slowdown and hence there is a delay in repayment of educational loans.This is reflected in the bank books, S N Mishra,convenor ofSLBC,said.
Repayment of educational loan begins one year after the completion of the course or six months after getting a job,whichever is earlier.
Many bankers in the state are strongly advocating the implementation of the Revenue Recovery Act.Right now,the general sentiment is to delay repayments especially in the light of debt waiver schemes of the past.But if the Revenue Recovery Act comes into play,firstly,people will have an inclination towards payment as the government machinery would be after them, a senior official from Central Bank of India said.
Sectors like MSME are expected to show signs of stress in the near future too.The crippling power problem in the state has impacted the productivity of the MSME sector in the state.So NPA levels are not expected to significantly come down for this industry, the Central Bank of India official said.The acceptable NPA level across the board is 1.5%.
While we are seeing some rise in NPA levels which is more pronounced in the mid corporate segment.While the high cost borrowing environment may have resulted in rise of NPAs,the situation would ease once there is a huge credit offtake, K Venkataraman,managing director and chief executive officer,Karur Vysya Bank,said.

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2050-ல் இந்தியா பொருளாதாரத்தில் முதலிடம் உலக அளவில்

டெல்லி: உலக அளவில் 2050-ல் இந்தியாவின் பொருளாதாரத்தில் முதலிடம் பெறும் என்று சிட்டி வங்கியின் ஆய்வறிக்கையில் தெரிவிக்கப்பட்டுள்ளது

(இம்முறை உலக அளவில் அதுவரை கம்முன்னு இருங்க).
ஆசியா மற்றும் சர்வதேச அளவில் வளர்ந்து வரும் நாடுகளின் பொருளாதார எதிர்காலம் பற்றிய இந்த அறிக்கையில், வட அமெரிக்கா மற்றும் மேற்கு ஐரோப்பியநாடுகளின் பொருளாதார நிலையானது 2050-ல் கடும் சரிவை சந்திக்கும் என்று சுட்டிக்காட்டப்பட்டுள்ளது.
2010-ல் 41 சதவீதமாக இருக்கும்இந்த நாடுகளின் பொருளாதார வளர்ச்சியானது 2050-ல் 18சதவீதமாக குறைந்துவிடும் என்கிறது அந்த அறிக்கை.ஆசிய நாடுகள்
வளர்ந்து வரும் ஆசிய நாடுகளில் சீனாவின் பொருளாதார வளர்ச்சியானது 27சதவீதத்தில் இருந்து 49 சதவீதமாக உயரும்.

உலக அளவில் பொருளாதார வளர்ச்சியில் தற்போது முதலிடத்தில் இருக்கும் அமெரிக்காவை 2020-ம் ஆண்டு சீனா முந்திவிடும். 2050-ல் சீனாவை இந்தியா முந்திவிடும் என்கிறது அறிக்கை.

2050ல் இந்தியாவின் மொத்த உள்நாட்டு உற்பத்தித் திறனானது 85 டிரில்லியன் டாலராக இருக்கும் என்றும் கணிக்கப்பட்டுள்ளது.

இத்தகைய கணிப்புகளானது எதிர்காலத்தில் சர்வதேச அளவில் ஆசிய நாடுகளின் முக்கியத்துவத்தையே வெளிப்படுத்துகின்றன என்கின்றனர் பொருளாதார
வல்லுநர்கள்.

இதேபோல் வட அமெரிக்கா மற்றும் மேற்கு ஐரோப்பிய நாடுகளை ஒப்பிடுகையில் பணக்காரர்கள் அதிகமாக இருப்பது தென்கிழக்கு ஆசியா, சீனா, ஜப்பான் நாடுகளில்தான் என்கிறது அறிக்கையின் புள்ளிவிவரம்!