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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All boards to move towards common curriculum, papers

All boards to move towards common curriculum, papers

NEW DELHI: The Union ministry of human resource development (HRD) will curb the “malpractice of spiking of marks” and implement a more scientific moderation policy from 2018. The Delhi high court had restrained the Central Board of Secondary Education (CBSE) -primarily because of the timing of the board’s decision -from doing away with its moderation policy this year. The HRD ministry has set up an inter-board working group (IBWG), comprising eight boards, to work out the details for stopping of moderation and upward revision, or spiking, of marks. IBWG will…

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