NPA: Are We Staring at An Inevitable Credit Crisis?

NPA: Are we staring at an inevitable credit crisis?

Any loan which ceases giving a return to its lender for a specified period is known as a non-performing asset (NPA). Generally, that specified time is 90 days but may vary with countries and instruments. In the case of India also, NPAs are loans and advances where the borrower has stopped making interest or principal repayments for over 90 days.

According to projections by RBI, the gross NPA ratio for Indian commercial banks is likely to expand from 7.5 per cent in September 2020 to 13.5 per cent in September 2021. It seems to be a direct warning of a looming credit crisis.

How to Create Amazing Memories Worth Cherishing

Try remembering the last movie you saw; how much of it can you recall?

Could you sit back, close your eyes, and recall in perfect detail every scene, every dialog?

Of course not.

So why do you assume you can do the same for the movie of your life?

Our real-life is nothing but a huge collection of random memories.

And fortunately or unfortunately, this collection of memories is easily prone to innumerable modifications thanks to both internal and external influences.

Multiple Variables for Your Success Are Beyond the Scope of Any Formula

Anyone selling you the recipe of the success formulae needs to be taken as seriously as any of those stock market forecasters seen on television because any formula for success that might work once stops working as soon as it becomes widely known.

Despite this, there is no dearth of people selling you the precise concoction of habits and behaviors that could guarantee you a definite success in any of the chosen fields.

Need to Revisit Disinvestment Strategy

Much of the support for privatization is based on the argument that public enterprises’ performance can be improved by exposing them to market forces. There is an underlying belief that private sector organizations are more efficient in comparison to public ones. In the last year, two private sector banks’ failure is a strong rebuttal to this widely held misplaced belief.

The zeal with which this year’s budget has taken a quantum leap by having a steep target of Rs 1.75 lakh crore during the year 2021-22 in revenue from disinvestment, privatisation, and asset monetisation seems highly inspiring. However, the timing of this aggressive leap of faith raises a lot of questions on the intentions of PSE reforms.

Is the timing having a lot to do with the burgeoning fiscal deficit necessitated on account of Covid-19? If yes, what’s the quantum of resource that would be put back into the PSE for further restructuring and strengthening?

Deconstructing Dopamine Fasting

Dopamine Fasting is an evidence-based technique to manage addictive behaviors. This is primarily achieved by restricting these addictive behaviors to specific periods of time while practicing fasting from impulsively engaging in them. The objective is to regain behavioral flexibility.

Dopamine fast is a method, based on cognitive behavioral therapy. It’s an attempt to make ourselves impervious to host of unhealthy stimuli — the texts, the notifications, the ringtones, the pings, — often considered an integral part of modern tech driven society.

Habit, Deliberate Practice & Excellence

Deliberate practice refers to a special type of practice that is purposeful and systematic. While regular practice might include mindless repetitions, deliberate practice requires focused attention and is conducted with the specific goal of improving performance.

The greatest challenge of deliberate practice is to remain focused. In the beginning, showing up is the most important thing. But after a while, we begin to carelessly overlook small errors and miss daily opportunities for improvement.

5 Reasons You Should Be Using “Time Blocking” As a Productivity Tool

Most people are terrible planners - and I don’t claim to be an exception by any stretch of the imagination. In fact, I used to be so bad at planning that I can be listed among a handful of rare people to have missed their flights on more than a couple of occasions. 

After deliberately getting deep into the topic of planning disasters, I came to know that psychologists have a name for it - the planning fallacy. 

The planning fallacy refers to…

How Top 100 Indian Billionaires can play a Crucial Role in Reducing Income Inequality

According to Oxfam’s report, India’s top 10% of the population holds 74.3% of the total national wealth while the bottom 90% owns 25.7% of national wealth. The report puts the gravity of this inequality problem at the center stage.

In fact, if we look at the increase in wealth of India’s top 11 billionaires during the pandemic, we can see that the amount could sustain the NREGS scheme or the health ministry for the coming ten years.

20 Life Lessons Learned in 2020

Trying to get positives out of 2020 might look as hard as making milk from almonds. We may still be struggling today, but there are opportunities we haven’t fully seized yet, and the potential we haven’t fully realized yet.

It’s true while learning alone can’t help us succeed; the life lessons from the year 2020 can help us prepare better for an uncertain 2021.

My personal 20 life lessons learned in the year 2020 are enlisted as follows.

How Can Mental Aikido Help You in Re-framing Stress?

The problem with most of your stressful experiences is that they all eventually cease. Those experiences in themselves do not cause any suffering; it’s your aversion to them that makes you suffer.

If you are distressed by anything external, the pain is not due to the thing itself, but to your estimate of it, and this you have the power to revoke at any moment.

5 Lessons from Decoding of Zodiac Killer “340 Character Ciphers”

And it has nothing to do with your coding ability A team of code-breakers has solved a cipher attributed to the Zodiac Killer. David Oranchak, a US-based software developer, Sam Blake, a mathematician based in Australia, and Jarl Van Eycke, a programmer based in Belgium, managed to crack Z340, a 340-character cipher that’s one of four such …