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.
In the latest budget, the FDI limit was increased to 100 percent, but most foreign companies are not buying such large stakes in the Indian insurance sector.
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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