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Ecostar Business > Articles by: Ecostar Editor Mag

Loan write-off Never means a defaulter is forgiven

Write off doesn’t mean forgiving the defaulters’ loan. It is only a technical term used in the accounting of commercial banks for recalibration ofnon-performing assets (NPA) to save tax, after making full provision against the NPA. This practice is done since prudential norms came into existence many years ago. Many people, including intellectuals and pseudointellectuals, […]

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Make in India – Building massive defence market

In recent years India has seen rising defence proposals worth close to ₹ 2 trillion under various categories of capital0 acquisition, which promote domestic manufacturing under the defence Acquisition/procurement procedure. Exports also are rising. The government has implemented the ‘Make in India initiative in the defence sector through various policy initiatives to promote indigenous design, […]

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One Nation One Ration card

Successful citizen-centric reform According to the latest report, seventeen States have successfully operationalised the One Nation One Ration Card (ONORC) system. States migrated to the One Nation One Ration Card system are eligible for additional borrowing of 0.25 per cent of Gross State Domestic Product (GSDP). Accordingly, the Central government granted these States additional borrowing […]

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