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Showing posts from July, 2018

FRANCE -- THE NEW TSARS OF FOOTBALL

France defeated Croatia 4-2 in a six-goal thrilling FIFA World Cup 2018 final to clinch their first title in 20 years, their second overall. Goals from Antoine Griezmann, Kylian Mbappe, Paul Pogba and an own goal by Mario Mandzukic is what led Les Bleus to the World Cup Football 2018 title . Croatia managed to equalise through Ivan Perisic in the first half, but failed to capitalise on the opportunity as the French dominated. However, Modric's men got some consolation after Mario Mandzukic scored the nation's second goal, which was too little too late. In a match that had a bit of everything, Mario Mandzukic scored the first ever own goal in a World Cup final to put France in front at the Luzhniki Stadium, only for Ivan Perisic to equalise. France back in front after Perisic’s handball was penalised with the aid of the video assistant referee. Paul Pogba and Kylian Mbappe scored the other French goals in the second half. The first team to score four times in a

FALL OF TITANS ON FIFA 2018

FIFA World Cup 2018 will be remembered as full of surprizes and upsets. It has been one of the most unpredictable and thrilling international tournaments in a long time; Spain 3-3 Portugal, South Korea 2-0 Germany, etc. One might have expected - or hoped - that this would continue into the Round of Sixteen, but the predictable has reigned supreme instead. Nothing sums this up better than Portugal’s loss to Uruguay, where the game acquiesced to the defensive excellence of La Celeste as they continually repelled the Seleccao’s foreseeable attacks. And just when you thought that the game might flip on its head with Pepe’s goal, Uruguay stung Portugal on the break and effectively ended the contest. So we saw the fall of major stalwarts like defending champion Germany, Cristiano Ronaldo backed Portugal, Messi led Argentina and also the fall of a Titan -- Brazil, wherein much hyped Neymar was not of much help to carry the team on his lone back. The emergence of talents from countries

Current Status of NPAs in Indian Banks

These days banks as well as the govt are grappling hard to deal with the problem of Non Performing Asset (NPA) for arriving at some long term solutions. Accountability of banks as well as the govt can also be not ruled out. Our banks’ stressed assets i.e NPAs now stand at 9.6% of our GDP, or about half of Budget 2018. Non-recovery of loans or interest on loans from the borrowers for more than 90 days is considered as Non Performing Asset (NPA) for the banks. That means the loan which does not bring return is an NPA. The banks can neither credit the income nor debit to loss, unless either recovered or identified as loss. Therefore NPAs result from bad loans or when the borrower defaults and thus become bank’s stressed assets. A borrower having multiple accounts, all accounts would be considered NPA if one account becomes NPA. RBI has been pushing the banks for their Asset Quality Review (AQR) to give an exact picture of their NPAs in their Balance Sheets. Raghuram Rajan the outgoi