In a soon to be published book, 'Of Counsel: The Challenges of the Modi-Jaitley Economy,' former chief economic advisor Arvind Subramanian says though RBI has a good reputation, it does not mean it's always right, as for years, the RBI was unable to grasp the seriousness of the loan repayment problems or identify the prolonged frauds of Nirav Modi and the likes.
The four officials were asked questions related to the UPA government's '20:80' gold import scheme, which was cleared by Chidambaram on May 13, 2014, barely three days before the counting of votes of the general election
'I can barely see anything in the news about the farmer protests, and all I've seen of Nirav Modi is that he can't come home because he's busy, and that the CBI is writing letters begging him to please at least call the Indian embassy, no?'
The Swaraj India chief alleged that the raid was conducted at his sisters' hospital-cum-nursing home premises with an intent to "intimidate" and "silence" him as he had launched an agitation for fair crop price for farmers and against liquor shops in that city in Haryana.
The tribunal accepted the government's argument that licence or spectrum is a state asset over which Aircel had no right of ownership.
Vipul Ambani, a runner who participated in city marathons, never wore his last name on his sleeve, was easy-going, mild-mannered and always smiling. Yet, the question that begs to be asked is why would he join a luxury jewellery company, says Pavan Lall.
The agency's poor track record in convictions is the only light at the end of a rather long tunnel for the couple, observes Shyamal Majumdar.
Several people clicked snapshots of the leader having his meal from a distance that the SPG -- which looks after Gandhi's security -- permitted.
Modi also stepped up attack on Congress chief Rahul Gandhi, saying it was the mindset of the 'sultanate' of the 'Naamdar' to abuse the deprived and treat them as slaves.
He also sought to know if Modi, during his recent meeting with Chinese President Xi Jinping, asked the latter about the 2017 Doklam standoff.
Bad loans of PSBs are at Rs 20 trillion. Most of it is, I sense, due to corruption and behest lending. Nobody pays a price for this charade. Not the promoters, the bankers, RBI officials, finance ministry bureaucrats or politicians, points out Debashis Basu.
The banners came up at major road crossings in Lucknow late on Thursday night on the directions of Chief Minister Yogi Adityanath, an official said. They bear photographs, names and addresses of those accused of vandalism during protests in December against the CAA.
'PNB had confirmed compliance with the RBI's prescription in its circular of August 3, 2016, which has now turned out to be factually incorrect,' Minister of State for Finance Shiv Pratap Shukla said in Rajya Sabha on Tuesday.
A common feature in India is the lag between the occurrence of frauds and the time they are actually reported.
Sena said many banking frauds have come to fore during the Modi regime.
Banks will also have to seek borrower's status report from Central Economic Intelligence Bureau on the account turning NPA
Currently, confiscation can be done through multiple laws, but it is a complicated process.
According to data released by the commerce and industry ministry, exports stood at $25.01 billion in the month. The fall is only the second time exports contracted in the past year.
Here's a recap of moments captured in India in the last week.
'This government is so fond of some corporate friends that they can always amend existing laws or make new laws.'
PM started 'Make in India' but every product in market is Make in China: Rahul
'For years, the RBI has been warning banks on probable frauds in bank guarantees and advised them to exercise due care.' 'PSB staffers feel their jobs are secured, hence there is no need to be vigilant and exercise financial prudence.'
Choksi has appealed to the Interpol to not issue an RCN against him as the charges are politically motivated, officials said
The film is scheduled for a Valentine's Day release.
Get your low down on what's happening in the world of Tamil cinema, right here!
The complaints were filed by Bharatiya Janata Party leaders for allegedly calling Union Minister Amit Shah a "murder accused" and saying that "all thieves have Modi as surname".
It has registered 2,000-plus money laundering cases and about 12,000 forex violation ones in the 14 years since it was established. Yet, its probes have resulted in no more than 13 convictions from nine cases of money laundering since 2005.
External Affairs Minister Sushma Swaraj met Foreign Minister of Antigua and Barbuda E P Chet Greene on the sidelines of the 73rd session of the United Nations General Assembly and raised the extradition issue of Choksi, who is currently in the Caribbean island.
For the baning sector, 2018 was a 'Year of Exits' - borrowers fled from the country as loans went kaput and many bank CEOs were forced to leave
After the success of the 2007 Billa, the makers will film a prequel.
ICAI intends to investigate the chartered accountants of PNB but the bank allegedly refuses to give the information sought.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
The CVC is awaiting sanction to prosecute nine employees of PNB and 2 other banks who were booked by the CBI for their alleged involvement in corruption.
According to a complaint from Bank of Baroda, the conspirators allegedly cheated a consortium of bank loans of Rs 3,695 crore. The scam was earlier estimated at around Rs 800 crore.
The broader Nifty declined by 73.90 points, or 0.71 per cent, to end at 10,378.40.
The actor talks about being directed by Prabhu Deva and his plans to become a filmmaker.
Jaitley slammed lack of ethics in certain sections of businesses and said multiple layers of auditing system chose to either look the other way or did a casual job.
'The web of transactions is so complex that it requires expertise to understand the strategies involved in each fraud.'
'If the Modi government is successful in extraditing a high-profile fugitive such as Vijay Mallya or Nirav Modi before the 2019 election, the government will be able to link demonetisation to this and turn it into a positive.'
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