Raghuram Rajan note to parliamentary panel slams UPA mistakes; Congress blaming Modi for NPAs is bunkum
Rajan's letter on NPA is a big eye-opener on the Indian economy; blaming the mess on Modi will be Congress' mistake
The Association of Power Producers has accused the RBI of over-ruling the Parliamentary standing panel on power and key ministries with its February 12 circular that ended all the existing loan restructuring mechanisms and voted for insolvency code to resolve stressed assets
Speaking at the 90th AGM of industry association Ficci, Narendra Modi said the non performing asset (NPA) or bad loans problem is a "liability" handed over by "economists" in the previous regime.
The ruling paves the way for the start of bankruptcy proceedings against Essar Steel, although the company could appeal the ruling
Maharashtra farm loan waiver: Arun Jaitley insists states writing off agri debt will have to find own funds
Earlier after Uttar Pradesh announced Rs 36,000 crore waiver, the finance minister had made it clear that states wouldn't get my financial assistance from Centre on this count.
"The RBI's views has always been that farm loan waiver affects credit discipline," Mundra told reporters
Diageo knew Vijay Mallya was a wilful defaulter and it was "taking a risk on their investments knowingly", the DRT has said, adding it had no sympathy for such acts
Loan waiver in 10 days of power, Kisan budget: Dear Rahul, this isn't even funny as ‘cot vanishing act’
Rahul’s loan waiver promises and the idea of ‘kisan budget’ show that he is doing anything but executing a well thought out election plan addressing the real issues of the targeted vote bank and improve the Congress party’s fortunes in that state
The agency, sources said, has identified some pledged shares, associated immovable and movable assets of Mallya and his family members that would be seized and frozen as part of its action plan to widen probe in the case
Mendocino said if UBHL does not consummate debt financing, it would have a material adverse effect on the company's ability to continue to operate
Jaitley also said he did not think Vijay Mallya's case had anything to do with the government as he had moved courts in many cases
SBI finally tags Vijay Mallya ‘wilful defaulter’, others still dragging feet. We need special courts to fix crony promoters
Till the time an effective judicial platform is set up to handle such cases, even the wilful defaulter tag is nothing more than a child's toy
Nailing Mallya is even more critical for banks now for two reasons. This can reinstate the confidence in the banking system itself and send a message to other wilful defaulters
It is alleged that the loan was sanctioned in violation of norms regarding credit limits.