Finance Minister Nirmala Sitharaman tells Parliament that the number of wilful defaulters who owe money to public sector banks has risen to 8,582 from 7,535.
Supreme Court has made bankruptcy code the RBI’s second option for resolving bad loans, and abandoned the long-held ‘expert body doctrine’ in jurisprudence.
The right measure to evaluate the IBC is not the yardstick of what happened under SICA or DRT laws, but what is happening now – a 270-day deadline for resolving cases.
There has been a gradual weakening of the RBI, which is a great shame since in the brief time it got to play bad cop, the central bank did some good police work.
India’s foreign policy today is driven less by Western alignment or global liberalism and more by domestic political imperatives — economic, ideological, and electoral.
Electronics—specifically smartphones—& energy & pharma products make up 30% of Indian exports to US. 25% tariff on India came into effect Thursday, extra 25% to kick in by August-end.
COMMENTS