Hello English
No drastic measures announced for NPA recovery: bank union leader
Language : hindi
Business . Difficult
29-02-2016 15:46:50 .
Read the article and answer the questions given below
 Union Finance Minister Arun Jaitley has not announced any drastic measures to recover the huge bad loans of government banks, said top bank employees union leader on Monday. 
 
All India Bank Employees' Association (AIBEA) general secretary C. H. Venkatachalam also demanded the government should impound the passport of flamboyant tycoon Vijay Mallya. 
"The finance minister has not announced any drastic measures to recover the bad loans. The AIBEA has been demanding that government should publish the names of the bank loan defaulters and also give more teeth to the recovery laws but no such announcement has been made in this budget, he said. 
"Particularly, the deliberate wilful default of bank loans should be treated as criminal offence and criminal action should be taken on such defaulters.  But here also, the government has not done anything, Venkatachalam said in statement issued here on Monday. 
"Soft approach to bank loan defaulters and talking of more private capital in banks only means that the bank loan defaulters can become owners of the banks, he said. 
Referring to the news reports about Kingfisher airline promoter Vijay Mallya wanting to settle down abroad, Venkatachalam demanded his passport be impounded and that Mallya should not be allowed to leave India without repaying the loans amounting to Rs. 7, 500 crore from 17 banks. 
OTHER NEWS
Premium for gas production from difficult fields: Jaitley
Infrastructure, housing reforms in Budget boost spirits of India Inc
Budget appeases the rich: CPI-M
Jet Airways to launch new daily flight to Muscat
Budget sets divestment target of Rs.56,500 crore
DIFFICULT WORDS
announcement government flamboyant deliberate defaulters statement secretary impounded employees demanding
Now answer these questions and win coins
Q1
10 Win coins
Q2
10 Win coins
Q3
10 Win coins
Click on any word to find out its meaning