Central bank has set out norms on how to identify wilful defaulters and penal provisions associated with them to maintain 'the integrity of the financial system'.
RBI has issued consolidated rules on wilful defaulters, dealing with their definition and treatment, including when the controversial compromise settlement process is involved.
Party MP Jairam Ramesh asks whether Modi govt 'pressured' RBI to allow ‘compromise settlements’ or write-offs in case of wilful defaulters, demands repeal of 8 June circular.
Finance Minister Nirmala Sitharaman tells Parliament that the number of wilful defaulters who owe money to public sector banks has risen to 8,582 from 7,535.
Beyond the immediate protection of Israel and its borders, which the USA could reasonably commit itself to, it did not need to get into every war in the Muslim world.
When conflict with Iran ends, says the report, area’s key players are likely to reexamine longstanding assumptions & alliances as they determine how best to advance their interests.
Rating democracies is a tricky business. I am only using the simple metric of who in the Indian subcontinent has had the most peaceful, stable, normal political transitions and continuity.
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