BLOOMING INSIGHTS

Introduction In the world of banking, a practice called "evergreening of loans" has gained attention for all the wrong reasons. It involves banks giving more loans to people who are already struggling to pay back their existing loans. This might seem like a temporary fix, but it actually hides the truth about the borrower's financial situation and creates a never-ending cycle of deception. In this article, we will explore the concept of evergreening of loans in simple terms, understanding its effects, reasons behind its existence, the problems it causes, and the need for regulations to address this issue. Understanding Evergreening Evergreening of loans happens when banks offer more loans to people who are having trouble repaying their current loans. The new loans help them make the payments on their existing debts. This gives the impression that everything is fine, even though it's just a temporary solution. In reality, it hides the fact that the borrower is struggli

What is a Census? A census is the systematic process of acquiring, recording, and calculating population information with respect to a country, territory, or place. The first comprehensive census, which has been conducted every ten years since 1872 under British Viceroy Lord Mayo, took place in the year 1881. Since 1949, it has been carried out by the Ministry of Home Affairs Registrar General and Census Commissioner of India. The most recent census was conducted in 2011, and the following one was scheduled for 2021, but it has been delayed due to the pandemic. Reasons for switch to digital census While the whole world is undertaking innovations every second, the decision to switch towards digital census can be totally justified. The switch reflects the government's push towards innovation and use of technology. The whole enumeration technique used to cost heavily and adds an unnecessary burden on already dwindling funds available for the general masses. These saved funds could be