WOMEN AND CHILD DEVELOPMENT MINISTRY

NPA Crisis: A Classic Case Of Crony Capitalism

Recently, The Indian Express, on the basis of a response to its RTI application, reported that 29 state-owned banks have written off a total of ₹1.14 lakh crore of bad debts (technically called non-performing assets or NPAs) between financial years 2013 and 2015. This is an atrocious waste of public money and a classic case of crony capitalism.