The three promoters - Anil Kumar Sharma, Ajay Kumar and Shiv Priya - had diverted Rs 1,500-1,600 crore through bogus methods like loans and advances between group firms at inflated rates.
Bankruptcy Code will consolidate existing laws related to liquidation and sick industries
'The temptation of governments, to have a finger in the RBI pie will be just too great to resist, unless extensive amendments are carried out in the RBI Act treating it almost as the fourth branch of the government.'
Corporatisation of NHAI was one of the achievements of the NDA govt.
PS banks need to pull up their socks to improve cash flows.
The IT department has a designated official to execute these rare powers.
Lt Governor Najeeb Jung, who is now administering Delhi after President's rule was imposed, on Tuesday made it clear that none of the decisions and initiatives taken by the Aam Aadmi Party government will be scrapped, including the 50 per cent subsidy on power tariff.
'The hour is very late, and the choice between triumph and tragedy knocks at our door,' says Ajay Shah.
DEA officials to push for this at a meeting with FM Jaitley.
The manpower requirement will be met with the officers from FMC (both cadre and deputation) and by new hiring.
'The Reserve Bank's independence has remained a work in progress, an enduring challenge that the nation has been grappling with on an ongoing basis,' says RBI Deputy Governor Dr Viral Acharya.
To send a notice under money laundering law.
Without bringing sound governance and technical capabilities into the RBI's work, injecting new money sets the stage for a next wave of bad behaviour by banks, warns Ajay Shah.
With a sole mandate of inflation targeting, RBI wears many hats.
An estimated $344 billion has been illegally removed from the Indian economy between 2002 and 2011
Investor forum wants govt to take over exchange, raises doubts on claims of matching stocks; NSEL says default by brokers to be dealt with legally.
We need a change in mindset, says the RBI Governor.
'The airline business is very dynamic. If you are unable to keep up and lead, you end up last.' 'This is what has happened to Jet.'
Indians want change and progress. They should be willing to accept tough decisions, says Sanjeev Nayyar.
Sahara chief Subrata Roy may not come out clean in the biggest ever investment fraud that he allegedly did few years ago.
Restricted by state government orders, the ownership of such land could not be formally registered, so the advances made continued to be reflected in the accounts as 'advances against land'.
'The RBI is not releasing Rs 2,000 notes for the last 10 days; probably they have stopped printing it.'
What is required from government is intellectual framework.
RBI governor on the stress in public sector bank due to NPAs, and what is needed to be done to get the system back on track.
The stage is now set for the controversial three-day cultural event opening on Friday on the Yamuna flood plains even as Art of Living guru Sri Sri Ravi Shankar struck a defiant note that he will not pay Rs 5 crore fine imposed by Green Tribunal and would rather go to jail.
'Government of India has the right to give directions to RBI'.
R S Sundar, the site director of KNPP, on how the plant is producing 1,000 MW of nuclear power, the largest in the country.
He will now have to submit to the two-year jail term handed down to him.
The suspense over the controversial bill continues as the BJP insists that it was not introduced as Lok Sabha witnessed its stormiest proceedings ever.
Subrata Roy is in jail since March last year.
The DGCA probe detected serious issues related to safety oversight.
We can learn much from China with regards to making civil service recruitment more efficient, says former diplomat Kishan S Rana.
'Demonetisation, is in principal, a mistake, because it involves a theft -- a taking of private property by the State.' 'It is one of those bad Indian ideas that has been tried twice in the past, with two failures for the record books.' 'This cloud over the economy will probably remain as long as Modi is in power.'
'We feel there is definitely something murky in the system.' 'Will anyone believe that Nirav Modi will go to a branch and bribe a low-level officer?' 'Just look at the people with whom he had moved around.'
Stressing on the 'Make in India' initiative, a Ministry of Defence appointed committee has recommended enhanced private sector involvement by granting manufacturers tax and import concessions.
A K Bhattacharya digs into the yet-to-be-public report on ways to curb black money and finds out that Modi's next moves could include action on dabba trading, hawala, and education.
Empowered in the Modi government, junior ministers have enough on their plate.
Our large military requirements make for an enormous buyer's leverage, which the defence ministry fritters away in piecemeal purchases
Dabhol's assets will be demerged into the power plant and the LNG terminal.
