In a series of tweets, Vijay Mallya said he had offered to pay back 100% of the principal amount to banks and the government, but his offer was refused.
As a part of the agenda, PM Modi suggested the Financial Action Task Force (FATF) formulate a standard definition of fugitive economic offenders.
Buenos Aires:...
Economists say there are weaknesses in India’s GDP data. But statisticians claim the accusations are based on flawed understanding, saying while GDP has problems, the economists are looking in the wrong places.
Coaching centres for Army aspirants in Jhunjhunu are shutting down due to plummeting admissions in the face of a lack of job guarantees under Agnipath Scheme.
Repayment of 100% of principal, with the haircut limited to accumulated interest, is an offer worth taking up. There has been a lot of business failure, not limited to KFA. The banks – and the government controlling them – should be pragmatic. If they are rigid, they will end up sustaining colossal losses on the NPA mountain which is now more than ten trillion. Banks chalana actually sarkar ka kaam hi nahin hai.
Repayment of 100% of principal, with the haircut limited to accumulated interest, is an offer worth taking up. There has been a lot of business failure, not limited to KFA. The banks – and the government controlling them – should be pragmatic. If they are rigid, they will end up sustaining colossal losses on the NPA mountain which is now more than ten trillion. Banks chalana actually sarkar ka kaam hi nahin hai.