In rare move, India’s top bad-debt buyer eyes consumer loans

In rare move, India’s top bad-debt buyer eyes consumer loans

While India’s soured debt is still among the biggest in the world, fresh bad loan formation for the top five banks has leveled off By Anurag Joshi and Saloni Shukla India’s massive pile of bad business debt has kept asset-reconstruction companies busy in recent years. But as signs emerge that the supply of such assets may be leveling off, the nation’s largest buyer of bad loans is considering a rare move to start purchasing soured consumer debt. Edelweiss Asset Reconstruction Co. is setting up a team for that and seeks…

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Every scholarship seeker’s friend, Buddy4Study aims to be India’s largest scholarship platform

Every scholarship seeker’s friend, Buddy4Study aims to be India’s largest scholarship platform

Noida-based Buddy4Study started out from a small apartment in 2011. Seven years later, the edtech startup has 600k registered members, operates in 20 states, and is eyeing expansion. “Buddy4Study is a classic garage to success startup story. However, our humble beginnings started from an apartment rather than a garage. Though the platform was started in 2011, real growth and traction started from May 2015 when all the co-founders came together,” highlights Manasvi Singh, Co-founder and Co-CEO of Buddy4Study. The platform aims to connect students with India’s scholarship ecosystem using technology. The…

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India’s engineering graduates have loans to pay but no jobs – so who is clearing their debt?

India’s engineering graduates have loans to pay but no jobs – so who is clearing their debt?

  Four years after receiving his bachelor of technology degree in electronics and communication, B Jeyachandiran was forced to concede defeat. He had graduated in 2011 from the private Periyar Maniammai Institute of Science and Technology in Thanjavur, Tamil Nadu. He applied for engineering jobs but with no success. Between 2012 and 2013, he sold insurance in Chennai. The following year, he became a data-entry operator with a construction company in Thanjavur. But this job did not satisfy him and his salary was not enough to repay his education loan….

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India’s Schools Need the Light of Inner Discipline, Not the Militarisation of Consciousness

India’s Schools Need the Light of Inner Discipline, Not the Militarisation of Consciousness

Recent reports of the Prime Minister’s Office advising the human resource development ministry to introduce elements of military school training and ‘patriotic’ sentiments in regular schools has left me disturbed. As a teacher with sustained engagement with critical pedagogy and life-affirming education, I feel that this is yet another effort at militarisation of consciousness and equating discipline with non-reflexive obedience. A debate on the merits of such a decision should not be limited to the government or its ideology; instead, it should be about the socio-philosophical and pedagogic enquiry into the dynamics…

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Ashwin leaves England floundering after India’s lower-order surge

Ashwin leaves England floundering after India’s lower-order surge

India gave a lesson in how to take a grip on a Test match that was in the balance. Firstly their lower order built a commanding lead of 134, anchored around Ravindra Jadeja’s career-best 90 and Jayant Yadav’s maiden Test fifty, then R Ashwin’s three wickets left England floundering on 78 for 4, still 56 behind. The runs from the bottom half of India’s order has been a feature of their recent Test success and here they enjoyed one of their more stellar days. In total the last four wickets…

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