With the crisis continuing, Indian mutual funds halved their holdings of debt sold by shadow lenders in the two-year period to June after defaults by some major financiers.
Sebi has also relaxed time-gap required between two board meetings & companies have been given time till 15 May for filing quarterly governance reports.
Bank’s lending growth was substantially over the average credit growth of the banking industry, with experts saying the board should have been more proactive in flagging it.
Now that SEBI has started the clean-up, it must take its broom to the dark crevices. Even the conduct of bigger intermediaries needs closer supervision.
Under fire in the wake of whistleblower complaints on alleged accounting lapses at Infosys, Nandan Nilekani had said company processes were so strong that even God couldn't change the numbers.
One has to be incredibly credulous to buy BJP spin masters’ argument that the government got rid of Vice President Jagdeep Dhankhar for harmonious relationship with the judiciary.
Modi government had also made numerous efforts to establish peace with Pakistan but has now adopted a different path, militarily, to establish peace, adds defence minister.
As Narendra Modi becomes India’s second-longest consecutively serving Prime Minister, we look at how he compares with Indira Gandhi across four key dimensions.
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