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.
SEBI probe concluded that purported loans and fund transfers were paid back in full and did not amount to deceptive market practices or unreported related party transactions.
Since 1815, Nepali Gorkhas have served in Indian & British Armies, as well as in Bihar, Bengal & Assam Police. Since Agnipath scheme came in, no Nepal-domiciled Gorkha has enlisted.
What Munir has achieved with Trump is a return to normal, ironing out the post-Abbottabad crease. The White House picture gives us insight into how Pakistan survives, occasionally thrives and thinks.
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