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.
Free internet, $10,000 cards, diaspora voting rights — Nepal’s parties are pitching big ideas ahead of polls. Will this election truly break the cycle?
FY 2022-23 was the first normal economic year in recent years, said Saurabh Garg, Secretary of the Ministry of Statistics and Programme Implementation, in an interview with ThePrint.
The 7 February incident involving Tejas aircraft caused severe damage to its frame. IAF and HAL are working together as part of the Board of Inquiry (BoI) to probe the incident.
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