If Modi's family fails to appear, their assets will be confiscated under the new Act, says a Mumbai court.
New Delhi: A special Fugitive Economic Offenders Act...
The affidavit says Choksi is a "most intelligent and powerful influential identity and has hired a whole legal team for the purpose of doing systematic fraud".
According to Ravi Venkatesan, greater powers over management and decision making will enable banks to tap capital markets and strengthen their balance sheets.
India's high commission at Georgetown has requested authorities to restrict Choksi's movements by land, sea and air.
New Delhi: India requested authorities in Antigua and...
While releasing 'India Employment Report 2024', V Anantha Nageswaran said govt can't solve 'all social, economic challenges'. Congress leader Kharge says CEA protecting 'dear leader'.
In an interview with Gulistan News this week, Union Home Minister Amit Shah said the government would leave law and order to J&K Police and slowly withdraw troops.
The ‘idea’ Kejriwal's politics grew around was a no-holds-barred fight against corruption. That is the reason Modi govt has now tarred him and his entire party with the same paint.
In today’s climate of fear and finger pointing, bankers would rather be safe than sorry. The PSBs are terminally sick. How else does one describe a situation in which 19 – including SBI – of 21 PSBs have lost money. PCA status virtually immobilises a bank, especially granting fresh loans. There is no prospect of these banks raising fresh capital by rights or fresh issues. Recap funds are being burnt through losses. As a lifelong Congressman, Shri Veerappa Moily would not have the heart to recommend privatisation, reversing Mrs Gandhi’s fifty year old decision. Difficult to see what else would work. 2. The RBI’s hands are tied. The “ phone calls “ from Delhi to PSB leaders do not go through its switchboard. The appointments of Chairmen / MDs / Directors have their ineluctable logic as well. It was in fact Dr Rajan who got tough, forcing banks to recognise their NPAs, switch off the music. 3. Very difficult to place loans gone bad in two neat silos, one for poor business judgment, the other for wilful wrongdoing. Kingfisher Airlines, like most other cases, was a mix of both Scotch and soda. The overriding concern now should be to maximise recoveries, the sooner the better, using both the new bankruptcy structures and the good offices of the government, which still has life and death power over most businesses.
In today’s climate of fear and finger pointing, bankers would rather be safe than sorry. The PSBs are terminally sick. How else does one describe a situation in which 19 – including SBI – of 21 PSBs have lost money. PCA status virtually immobilises a bank, especially granting fresh loans. There is no prospect of these banks raising fresh capital by rights or fresh issues. Recap funds are being burnt through losses. As a lifelong Congressman, Shri Veerappa Moily would not have the heart to recommend privatisation, reversing Mrs Gandhi’s fifty year old decision. Difficult to see what else would work. 2. The RBI’s hands are tied. The “ phone calls “ from Delhi to PSB leaders do not go through its switchboard. The appointments of Chairmen / MDs / Directors have their ineluctable logic as well. It was in fact Dr Rajan who got tough, forcing banks to recognise their NPAs, switch off the music. 3. Very difficult to place loans gone bad in two neat silos, one for poor business judgment, the other for wilful wrongdoing. Kingfisher Airlines, like most other cases, was a mix of both Scotch and soda. The overriding concern now should be to maximise recoveries, the sooner the better, using both the new bankruptcy structures and the good offices of the government, which still has life and death power over most businesses.