Spreading debt woes have fueled talk that the NBFC crisis is entering a second, more dangerous, phase, posing broader risks to Indian financial system.
In the face of judicial scrutiny, several states issued executive orders after SC’s 2006 verdict. But these enactments were cleverly designed to circumvent the implementation of judicial directions.
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.
A common thread runs through the memories of soldiers of the 1965 war—ingenuity, courage and camaraderie that withstood an apparently technologically superior foe.
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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