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Loans worth Rs 8 lakh crore written off by Indian banks in the last decade

In its latest Trend and Progress report, the RBI said that the decline in gross NPAs in the banking system was largely aided by loan write-offs. DINESH UNNIKRISHNAN   DECEMBER 31, 2020 / 08:31 AM IST RBI Indian banks wrote off loans worth around Rs 8,83,168 crore in the last ten years, a significant chunk of which came from government-owned banks, the latest data from the Reserve Bank of India shows. Of this, public sector banks (PSBs) alone wrote off Rs 6,67,345 crore worth loans since 2010. This is about 76 percent of the total written-off loans in the decade, while private banks wrote off loans worth Rs 1,93,033 crore constituting about 21 percent of the total chunk. Foreign banks wrote off Rs 22,790 crore loans or 3 percent of the total write-off, the RBI data showed. In the financial year 2019-2020 alone, banks wrote off a total of Rs 2,37,206 crore or about a quarter of the total loan write-offs in the last one decade. Of this, Rs 1,78 lakh crore was by PSBs and Rs53, 949 crore b
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How to Be a Dictator by Frank Dikötter review – the cult of personality

Show caption Book of the day Charisma, a lust for power, an absence of principles … what links Mao, Mussolini, Stalin, Hitler and other 20th-century dictators? Sheila Fitzpatrick Sat 26 Oct 2019 02.30 EDT Born in obscurity, frustrated in youth, the dictator rises through accident, patronage or anything except merit to blossom into a fully fledged evil-doer, desperate for the respect and admiration that are wrung from the populace only by skilled PR manipulation. Often feigning modesty, he soon generates a cult that he personally develops. Women and even brave men feel overcome in his presence; schoolchildren chant the praise of the father of the nation; artists and writers deify the great leader. Dictators generally come equipped with an ideology, but since they have no principles, only a lust for power, the process of propagation turns it into a mockery. Although dictators often fancy themselves as writers or philosophers, they fail to make the grade as intellectuals, and the Little R

A dictator turned everyone into a liar

In his book  How to Be a Dictator: The Cult of Personality in the Twentieth Century , the historian Frank Dikotter underlined the concept of common subordination. “ There were many strategies for a dictator to claw his way to power and get rid of his rivals ,” Dikotter wrote. “ There were bloody purges, there was manipulation, there was divide and rule to name only a few. But in the long run the cult of personality was the most efficient .” Dikotter noted that “ the cult debased allies and rivals alike, forcing them to collaborate through common subordination. Most of all, by compelling them to acclaim him before the others, a dictator turned everyone into a liar .” 

Delhi Violence Unmasked | Part One

NEWS  POLITICS How RSS, BJP members invoked Hindu identity to mobilise Hindutva mobs at Maujpur SAGAR 01 March 2021 A Hindutva activist walks past a graffiti in support of the Citizenship (Amendment) Act, 2019 in Church Street, Bengaluru. In the hours before the Delhi violence started at Maujpur, members affiliated to the RSS, BJP and other Hindutva organisations had mobilised people to come out to the streets by appealing to Hindu unity and the purported threat posed to them by anti-CAA protesters.   MANJUNATH KIRAN/AFP/GETTY IMAGES In a six-month-long investigation, Sagar, a staff-writer at  The Caravan , scrutinised Facebook live broadcasts by members affiliated to the Rashtriya Swayamsevak Sangh and the Bharatiya Janata Party ahead of the Delhi violence of February 2020. In this series based on the investigation,  The Caravan  reports on the Hindutva mobilisation that preceded the violence, its political and communal nature, and the role played by the RSS, BJP and affiliated organi

Establishment Man: The moral timidity of Sachin Tendulkar

COMMENTARY  SPORTS Establishment Man The moral timidity of Sachin Tendulkar VAIBHAV VATS 13 February 2021 In early January of 2020, Ajinkya Rahane, the vice-captain of the Indian Test cricket team, tweeted a picture of himself consuming vada pav, the famous Maharashtrian snack. Along with the picture, he posted an anodyne question for his followers. “How do you like your vada pav? 1. Vada pav with chai, 2. Vada pav with chutney, 3. Just Vada pav,” Rahane wrote. Sachin Tendulkar, his Marathi compatriot, responded promptly. “I like my Vada Pav with red chutney, very little green chutney & some imli chutney to make the combination even better,” he tweeted in reply. At the time of this exchange,  protests  against the Citizenship Amendment Act had been roiling the country for more than a month. Throughout this period, Tendulkar had been conspicuous by his silence. The silence had been predictable and, in a sense, his interaction with Rahane was emblematic of Tendulkar’s personality. Wh