Over 6,000 homebuyers put their life savings in HDIL projects, but their dream of owning a house in India’s financial capital remains elusive as the firm went into insolvency.
PMC Bank, put under restrictions in September 2019, had invited expressions of interest in November, and 4 entities — financial sector players and corporates — have come forward.
RBI’s process to fix the bank hasn’t yielded any results. The bank’s net worth is wiped out and its depositors are struggling with restrictions on withdrawal.
Finance Minister Nirmala Sitharaman said the Bill would protect depositors, but some opposition parties said the legislation would infringe on state powers.
This is the transcript of Ep 1830 of Cut the Clutter, where Shekhar Gupta explains why strategic petroleum reserves are a national necessity & how India compares with China, US & Japan.
Tracked and wheeled variants, built in collaboration with Tata Advanced Systems and Bharat Forge, carry 30mm turrets, cross water using hydro jets, and are 65% indigenous.
American objectives are unmet. They neither have muscle nor motivation to resume the war. As for Iran, the regime didn’t just survive, it’s now led by more radical individuals.
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