Eleven years on, while 80% of scam-hit investors have been fully compensated, more than 50% of the sum is yet to be distributed.
On Wednesday, opposition leaders boycotted Modi's latest attempt to build consensus around the issue.
Bad loans continue to originate mainly from state-owned banks, where the top management's responsibility is not linked to career prospects nor has legal consequences, says Debashis Basu.
Here's the full text of President Ram Nath Kovind's customary address to the joining sitting of Parliament on the first day of the budget session.
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The Management Committee headed by Director General of Hydrocarbons R N Choubey refused to take a view on appointment of renowned reservoir consultants Ryder Scott, DeGolyer and MacNaughton, Gaffney, Cline & Associates or Netherland, Sewell & Associates to ascertain if RIL's claims of fall in reserves are actually true or the firm was hoarding gas by producing less, official sources said.
One of the urgent tasks ahead for the new government should be to improve public trust in the executive.
Unless the judges factor in the ungovernability of technologies and their beneficial owners, present and future Presidents, prime ministers, judges, legislators and officials handling sensitive assignments may become redundant with reference to their age-old roles for securing 'national resources and assets', warns Dr Gopal Krishna.
I-T dept investigating black money angle; FM hints against bailout for bourse's investors.
Single window clearances for realty must.
If a holiday, banks will have to report the details on the next working day.
Pradip Baijal, former chairman of Telecom Regulatory Authority of India (Trai), spoke to Nivedita Mookerji on what made him write the book, former Prime Minister Manmohan Singh telling him to cooperate with then telecom minister Dayanidhi Maran, being hounded and harassed during the UPA years, questioning by the Central Bureau of Investigation, and more.
Whistle-blower officer Ashok Khemka has been shunted again, in breach of rules by BJP government in Haryana. All actions of the previous Congress govt against him still stand even as the Narendra Modi government has chosen to keep away.
News of all that's transpired on and off the football field
Inching closer to launch its operations, new no-frill carrier AirAsia India on Saturday took delivery of its first Airbus A-320 as it landed in Chennai after flying in from Toulouse headquarters of the European aircraft manufacturer.
The Union Health ministry put the number of positive cases at 82, eight more since Thursday night, which includes the woman and a 76-year-old man from Karnataka who became the country's first coronavirus fatality besides 17 foreign nationals, Health Ministry officials said.
The government has suffered a loss of Rs 12,488.93 crore (Rs 124.88 billion) due to under-invoicing of gross revenue by six telecom companies including Reliance Communications, Vodafone and Bharti Airtel, the CAG said in a damning report on Friday.
News of all that's transpired on and off the football field
'Four weeks have passed after the scam was exposed, yet no big guy has been arrested.' 'This gives the impression that he wants to be soft on the biggies.'
After receiving the Nobel Peace Prize on Wednesday and captivating the minds of people around the world for his simplicity and modesty, Kailash Satyarthi, the engineer-turned-child rights activist, returned home to India from Oslo on Saturday night.
'The overall stress on asset quality is indeed coming down.'
Will Arundhati Bhattacharya be the RBI's first woman governor? Or will Urjit Patel succeed Raghuram Rajanas RBI governor when his term ends on September 4?
A summary of sports events and persons who made news on Wednesday.
There are unprecedented political implications of identification based on 'biological attributes of an individual', such as employed by Aadhaar, warns Gopal Krishna.
News of all that's transpired on and off the football field
Constantly evolving rules and anomalies over tax treatment have constrained corporate programmes in the first year that the government's CSR mandate has been in force.
Expecting an annual CSR spending of Rs 15,000-20,000 crore (Rs 150-200 billion) by India Inc, Corporate Affairs Minister Sachin Pilot has asked companies to see the new law as an investment opportunity to create a better work environment, rather than a forced expenditure.
'When workers in other industries enjoy protection, why should sex workers not receive similar protection?' 'Sex work should be treated as work and brought under the work schedule of the labour department.' 'We will only end up giving immunity to the pimps and brothels to buy or sell human beings. This will in turn increase trafficking of young women and children.' Rashme Sehgal reports on the debate over legalising prostitution, a bugle in whose favour has been sounded by the new chairperson of the National Commission for Women, Lalitha Kumaramangalam.
'It is vital we should form an international coalition against ISIS, because their brutality and the use of the Internet for jihadist activities is a reminder that the entire world community has to be in this together,' US Congressman Ed Royce, chairman of the House Foreign Affairs Committee, tells Aziz Haniffa/Rediff.com in an exclusive interview ahead of Prime Minister Modi's visit.
Attorney General Mukul Rohatgi's stand that AMU is not a minority university reveals the anti-minority stand of the political party now in power, says Mohammad Sajjad, outlining the long history behind one of India's premier universities.
The Biju Janata Dal will not oppose the government simply for the sake of opposing it, BJD Member of Parliament Bhratruhari Mahtab tells Aditi Phadnis.
This is the joint statement issued by the ministry of external affairs on the visit of US President Barack Obama to India.
Biometric authentication is based on the unscientific and questionable assumption that there are parts of human body that does not age, wither and decay with the passage of time.
Once these banks start showing losses, they will not be able to pay dividends to the government nor pay taxes, which will further aggravate the situation for the government as its return on investment as an investor would be very negligible for the next few years, says M V Subramanian.
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