Back to business: India's public-sector banks clean up their books

Article Abstract:

Profitability at India's 28 public-sector banks for the financial year ending Mar 1993 has fallen due chiefly to a directive by the Reserve Bank of India, the country's central bank, to use purely objective standards in loan books. Other causes are a two-year credit crunch that has maintained commercial lending rates at 17%, a $1.3 billion bond-trading scam and low stock market prices. The government may help the banks by exchanging its good debts for their bad debts. Permission for private-sector banks to compete with public-sector banks may result from current problems.

Banking industry, Laws, regulations and rules, Finance, Economic policy, India, Reserve Bank of India

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Pakistan's populist social worker

Article Abstract:

Social worker Akhtar Hameed Khan believes that the key to genuine social change in Pakistan lies in the hands of its socially marginalized. Once characterized as passive and helpless, Pakistan's lowest sectors have given up relying on government agencies and are effecting change by themselves. Successful schemes such as the Orangi Pilot Project in the suburbs of Karachi serve as a testament to this phenomenon.

Social aspects, Social workers, Beliefs, opinions and attitudes, Pakistan, Khan, Akhtar Hameed

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