This system has also meant that the Centre can transfer money to states for a scheme exactly when they need it, rather than having to park funds in bank accounts for the full fiscal year.
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.
Many really smart people now share the position that playing cricket with Pakistan is politically, strategically and morally wrong. It is just a poor appreciation of competitive sport.
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