The Supreme Court-appointed Justice Gita Mittal committee, set up to oversee relief and rehabilitation of the victims of ethnic violence in Manipur, on Monday submitted three reports highlighting the need for reconstruction of identity documents, upgradation of compensation and appointment of domain experts to facilitate its functioning.
The Reserve Bank on Thursday proposed tighter norms for treatment of wilful defaulters under which banks and other lenders will be required to examine all accounts with outstanding amount of Rs 25 lakh and more to see if the borrower is deliberately not repaying the loan. The central bank has issued a 'Draft Master Direction on Treatment of Wilful Defaulters and Large Defaulters' on which comments have been invited till October 31. According to Reserve Bank of India (RBI), the draft Master Direction expands the scope for regulated entities which can classify borrowers as wilful defaulters and broadens the definition of wilful default.
Diageo, which had acquired Mallya's United Spirits nearly six years ago, is claiming $40 million paid to the liquor tycoon as part of an alleged breach of agreement.
Jawaharlal Nehru did not unfurl the Tricolour at the Red Fort on August 15, 1947. But, in a gesture of nationalistic symbolism -- one that has endured by repetition over the 76 years of independent India -- Nehru took to the ramparts at Red Fort's Lahori Gate on August 16, 1947, unfurled the Tricolour there and delivered his first Independence Day speech.
Once the iconic red-brick building of British India Corporation (BICL), which manufactured the popular "Lal-Imli" brand of woollen products, made Cawnpore (now Kanpur) the Manchester of the East. In the 75th year of independence, the government may finally pull the curtains on the century-old, now defunct public sector enterprise. "The Department of Public Enterprises (DPE) has floated a draft cabinet note for closure of British India Corporation (BICL) along with National Textiles Corporation (NTC). "The Cabinet may soon tak
Dr Swarnim Wagle, the official behind Nepal's reconstruction strategy, speaks to Patrick Ward.
We must stop stigmatising business failures. Particularly when startups are mushrooming all around, the financial system, backed by the RBI and the government, can explore ways of extending support to restart the journey of a failed entrepreneur by finance as well as counselling, recommends Tamal Bandyopadhyay.
'Now they're talking about changing the Constitution; they feel they have no reason now to hide their intentions.'
A limited number of activities will remain prohibited across the country, irrespective of the zone, including travel by air, rail, metro and inter-state movement by road, running of schools, colleges, and other educational and training/coaching institutions.
Officials said 13 more families living in houses with huge cracks were moved by the administration to safe locations on Sunday.
Former information minister and senior leader of the Pakistan Tehreek-e-Insaf Party Fawad Chaudhry said that the premier made the decision after approval from the party's core committee.
Addressing a health card distribution ceremony in Peshawar, Chief Minister Khan said the government has issued orders to rebuild the temple. The attack on the temple in Terri village in Khyber Pakhtunkhwa's (KP) Karak district on Wednesday drew strong condemnation from human rights activists and the minority Hindu community leaders.
The four accused were shot dead on NH-44 near Hyderabad -- the same highway-- where the charred body of a 27-year-old veterinarian was found.
Finance Minister Nirmala Sitharaman's Rs 30,600 crore government guarantee for the bad bank has changed the body language of bankers for the better, observes Tamal Bandyopadhyay.
Biden, while not ruling out the meeting Putin at G20 meet, said that there are conditions attached.
The account turned bad before Chaudhari took over as SBI chairman and the asset was sold to AARC following an open bidding process, months after Chaudhari retired, explains Tamal Bandyopadhyay.
Who took the decision for the prime minister, the nation's single most popular leader, to take the road route when they should have already known about the farmers' protests and also the grave risks involved, when and how, asks N Sathiya Moorthy.
The government is also planning to set up specialised Benches for competition law to reduce the burden of the appellate tribunal, which is referred to on all matters from company law and IBC to competition law and the national financial reporting authority.
Four children died on December 30 while five on December 31, all mainly due to low birth weight, hospital superintendent Dr Suresh Dulara said.
India, which abstained during the vote on a strong resolution against Sri Lanka's human rights practices at the UNHRC, on Tuesday urged Colombo to fulfill its commitments on the devolution of political authority, to carry forward the process of reconciliation and address the aspirations of the Tamil community in the island nation.
Why can't we have a sunset clause for the ARCs, which is a global norm? questions Tamal Bandyopadhyay.
'If not, we can become frighteningly chaotic, more chaotic than what we are today.' 'In today's environment in the country, we still have a window of opportunity.'
Modi and Deuba discussed ways to strengthen ongoing cooperation and develop new areas in the multifaceted bilateral partnership.
A team of Indian investigators is in Kabul, joining a probe being conducted by Afghan authorities into last Friday's terror attack in which Indians associated with reconstruction works were targeted.
Few people know Ratan Tata as well as R K Krishna Kumar does. Widely perceived to be among the managers closest to Tata, Krishna Kumar assesses Ratan Tata, the man and business leader, in this exclusive interview to Rediff.com's Vaihayasi Pande Daniel.
Hemant Shivsaran lists the number of projects the Modi government has announced since August to woo Gujarat voters.
'Is Trump going to play a mediating role? Can he play a mediating role? It's out of the question.' 'Kashmir is an Indian responsibility.'
'Under the more strident Modi version of Hindutva, Nehru has almost become a contemporary political figure.' 'The ruling party knows that without total erasure and distortion of Nehru, their fantasies will always be wobbly.'
Penalty must act as a deterrent. If it is too low, it could encourage the regulated entities to lap up penalty instead of complying with the norms, suggests Tamal Bandyopadhyay.
Currently, confiscation can be done through multiple laws, but it is a complicated process.
Even existing cases might come under the proposed law, including those of Vijay Mallya, Nirav Modi and Mehul Choski. But, the law would not cover earlier cases.
Property buyers fund the project cost and the entire debt and entire equity servicing, and yet, have no locus standi in the IBC process, points out Debashis Basu.
The encounter is an attempt by authorities to distract people from the government's failures to safeguard women's rights, the activists said.
The Centre said that there was no legal provision to declare a disaster as a national calamity, amid demands for declaring the floods as a national disaster.
'He was always opposed to a form of nationalism that was narrow, selfish and arrogant.' 'He will always remain a beacon of inspiration for freedom-loving people across the world and for movements of resistance against oppressive State power.'
'With Taliban rule in Afghanistan, Pakistan and the unemployed jihadis will certainly turn their gaze to India and Kashmir.' 'Despite this imminent danger to national security, defence preparedness does not find a mention in the ongoing electoral campaign,' says Colonel Anil A Athale (retd).
The bench noted that "conflicting versions about the incident demands an inquiry to uncover the true facts".
Why do we need a bad bank, owned by the banks themselves when there are at least 28 ARCs around, asks Tamal Bandyopadhyay.
The CM urged all Malayalis to donate one month salary to rebuild the state, where the death toll has now touched 302.
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