Union Finance Minister Arun Jaitley is scheduled to visit four villages in Vadodara district on Sunday, which he has adopted under the Sansad Adarsh Gram Yojana (SAGY), a district official said.
"Jaitley will arrive in Vadodara tomorrow night and leave for Karnali village, where he will stay overnight," Vadodara District Collector Lochan Sehra told PTI.
Jaitley has adopted four villages of Karnali group panchayat namely, Karnali, Pipaliya, Vadiya and Baglipura, in Vadodara district as part of SAGY.
"Rs 20 crore will be spent on various development works in these villages, which includes water supply schemes, construction of roads, construction of a bridge between Chandod village and Karnali," Sehra said.
"Jaitley has also adopted Chandod village to transform it into a tourist spot. After a programme in Karnali, Jaitley will travel in a boat and go to a temple located at Chandod on the bank of river Narmada and perform puja there. Then he will return to Karnali for several other programmes," the Collector added.
According to some estimates, more than half of the top
100 stressed borrowers require debt reductions of 75 per cent or more, which only the government can force creditors to accept.
The PAMC plan, as suggested by Acharya, could be for sectors such as metals, construction, telecom, and textiles, where the assets will have economic value in the short run.
As per the plan, the banking sector may be asked to restructure about 50 large stressed exposures in these sectors by December 31, 2017.
The NAMC plan could be viable for sectors where the problem is not just of excess capacity but of economically unviable assets in the near term.
