The supreme court on 12th April, 2016 said big players and corporate houses which had taken bank loans in excess of Rs.500 crore individually, defaulted on repayment of lakhs of crores of rupees and asked Reserve Bank of India to detail the steps taken to recover the ‘mind blogging’ sums. It also asked what was the harm in revealing the magnitude of the defaulters by big players alone.

Why does it happen that some people take loans worth thousands of crores to set up companies, declare the companies sick and enjoy with public money. On the other hand, why are poor farmers harassed for repayment of a few thousand rupees they take loan in distress.

(source: Times of India)