FIR is based on a complaint by SBI, which had flagged the account of Reliance Communications as fraudulent. The bank has an exposure of around Rs 3,000 cr in the firm.
The decision set aside NCLAT order for transfer of the cash-strapped airline’s ownership to Jalan Kalrock Consortium despite it failing to abide by the resolution plan.
Karnataka govt feels it was 'forced' to close accounts with SBI & PNB after both public sector banks took 'dry stand' over request to return money entangled in fraud, it is learnt.
Published by HarperCollins India, ‘The Scam That Shook a Nation: The Nagarwala Scandal’ will be released on 8 July on SoftCover, ThePrint’s online venue to launch non-fiction books.
ECI made electoral bonds data public Thursday evening on orders of SC which struck down the scheme, introduced in 2017 to “cleanse the political funding”, as “illegal”.
SBI files affidavit saying it has furnished all details of electoral bonds to EC as ordered by SC. Top court had scrapped 7-year-old electoral funding scheme on 15 February.
The plea stated that due to stringent measures taken to ensure donors' anonymity, 'decoding' the electoral bonds and matching donors to the donations made would be a complex process.
Report released by State Bank of India Monday shows that those at the bottom of India’s tax slabs have seen incomes grow, while the share of 'ultra-rich' in total income has fallen.
The government will provide 90% of the money for the fund, and other asset managers would contribute the rest, SBI Mutual Fund deputy managing director said.
MoSPI proposes to remove closed factories from IIP sample, aiming for truer picture of India’s industrial health in upcoming 2022–23 base series. Plan open to public feedback until 25 November.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
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