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Despite talk of the of African migrants trying to cross the Mediterranean, as many migrate within Africa 16 million as leave for Europe. In all, since 2014, at least 18,400 African migrants have died travelling within Africa, according to the figures compiled from AP and IOM records. That includes more than 4,300 unidentified bodies in a single South African province, and 8,700 whose travelling companions reported their disappearance en route out of the Horn of Africa in interviews with 4Mi..

canada goose uk black friday Citing an example of Stressed Assets Stabilization Fund (SASF), set up by erstwhile Industrial Development Bank of India (IDBI), Kotak said it did not work well.“I think we have tried the bad bank in the past. If you recall when IDBI had challenges in the early 2000s, there was an IDBI SASF, which was created.The idea of a bad bank keeps on re surfacing every three four years when stressed assets in the banking sector moves northward.The government was toying with the idea of creating a bad bank in 2016. Even the Economic Survey 2017 had proposed this idea, suggesting the creation of a bad bank called Public Sector Asset Rehabilitation Agency (PARA) to help tide over the problem of stressed assets.Once again, the proposal got the attention of government and financial sector regulators and the idea was discussed during the Financial Stability and Development Council (FSDC) meeting last month.“If you’re floating an idea of a bad bank at the system level, there are two or three important issues which need to be addressed,“ said Kotak, who is also managing director of Kotak Mahindra Bank.First, what is the transfer price on the basis of which these loans will be sold to the bad bank, because the value of that has to be decided through a fair and transparent mechanism; and second, the governance of the bad bank has to be extremely clear, he said.Finally, recovery is the key to deciding whether to have a bad bank or not, he said, adding that „these are national assets created out of public money. canada goose uk black friday

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