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Financial News

New Financial Manipulation Allegations Against Adani Group: Leaked Bank Documents Spark Fresh Controversy

The Adani Group faces fresh allegations after a Financial Times and OCCRP report cited internal documents from an Italian bank flagging suspicious offshore transactions. Meanwhile, the US Treasury is probing potential Iran sanction violations. Read the full report.

Punjab Potato Growers in Deep Financial Crisis; ₹50,000 Loss Per Acre and Betrayal in Contract Farming

Potato producers in Punjab are trapped in a major financial crisis. With production costs at ₹95,000 and income at merely ₹45,000, they are facing a direct loss of ₹50,000 per acre. Furthermore, companies backing out of contract farming agreements have dealt a double blow to the farmers. The silence of political leaders, even in an election year, has only deepened the distress.

India’s Reserve Bank Raises Alarm About Rising Bad Loans

The Reserve Bank of India (RBI) has cautioned that bad loans of the banking system are expected to hit 11.22 per cent of the advances under a severe stress scenario. The central bank also warned about the incipient signs of stress among medium and small units, notes a report in The Indian Express.

Survey Exposes Modi Government’s Jumlabazi OF Cashless Digital Transaction Drive

The latest survey conducted by the Assocham-Deloitte jointly may bulldoze the tall claims of the Central Government in which it has stated that it is going promote the concept of E-Wallet

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