The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, allows banks and financial institutions to auction properties (residential and commercial) when borrowers fail to repay their loans.
A New York-based company said that it can create a 3D avatar of an individual that not only looks like them, but is also morphologically exact.
Expect a more modest out-turn of around 5 per cent (if not less) because of the longer-term scarring effects of the Covid shock, the sharply slowing growth in the pre-Covid years and some scepticism about the growth-efficacy of some of recent official policy initiatives, explains Shankar Acharya, former chief economic advisor to the government.
Four children died on December 30 while five on December 31, all mainly due to low birth weight, hospital superintendent Dr Suresh Dulara said.
What's with Bollywood and bathroom pictures?
The chapters were dropped by the Assam Higher Secondary Education Council (AHSEC) for the 2020-21 session, as part of the 30 per cent reduction of the syllabus, keeping in mind the loss of academic schedule that the students had to face because of the pandemic.
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.
The Telangana high court had directed authorities to conduct a second post-mortem on the bodies of the four accused.
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 credit of breaking the news that Al Qaeda head Osama bin Laden's mansion in Abbottabad was being raided can be probably be given to Twitter. IT consultant Sohaib Athar who live tweeted the operation (without knowing it was the world's most wanted man) he was blogging about is an internet star today. Interestingly, there were others who also wrote about the operation and a reconstruction of all the tweets brings to the fore the loopholes in America's bin Laden story.
A consortium of Indian banks led by the State Bank of India (SBI) on Tuesday moved a step closer in their attempt to recover debt from loans paid out to Vijay Mallya's now-defunct Kingfisher Airlines after the high court in London upheld an application to amend their bankruptcy petition, in favour of waiving their security over the embattled businessman's assets in India. Chief Insolvencies and Companies Court (ICC) Judge Michael Briggs handed down his judgment in favour of the banks to declare there is no public policy that prevents a waiver of security rights, as argued by Mallya's lawyers. At a virtual hearing, July 26 was set as the date for final arguments for and against granting a bankruptcy order against the 65-year-old Mallya after the banks accused him of trying to "kick matters into the long grass" and called on the "bankruptcy petition to be brought to its inevitable end".
China may accord recognition to the new government in Kabul at an early opportunity, predicts Ambassador M K Bhadrakumar
Pakistan is making efforts at multiple levels for the Taliban government to have a soft landing, observes Ambassador M K Bhadrakumar.
Woods said amputation "was on the table" during the three-week hospital recovery in California.
Fitch Ratings on Wednesday said India's high fiscal deficit would pose a challenge in lowering the debt to GDP ratio, which is expected to rise above 90 per cent in the next five years. It said India entered the pandemic with little fiscal headroom from a rating perspective. Its general government debt/GDP ratio stood at 72 per cent in 2019, against a median of 42 per cent for 'BBB' rated peers.
While a DFI will help banks derisk their loan portfolios, creation of a bad bank will clean up their balance sheets.
Nepal has suffered a loss of up to USD 10 billion in the devastating earthquake and the subsequent aftershocks that rattled the Himalayan nation, the government said on Friday, as it appealed to donors for long-term support for bringing the country back on track.
Liquor tycoon Vijay Mallya on Friday made an urgent application before the UK High Court seeking access to millions of pounds to cover his living expenses and legal fees from funds held with the Court Funds Office as part of bankruptcy proceedings, initiated by a consortium of Indian banks led by the State Bank of India. Deputy Insolvency and Companies Court Judge Robert Schaffer declined to allow a draw down from the court-held funds of an estimated amount of around 1.5 million pounds, accrued from the sale of Mallya's French luxury property Le Grand Jardin earlier this year, until further arguments in the case. However, he did allow the release of 240,000 pounds plus VAT to cover the legal costs of a substantive hearing in the bankruptcy proceedings scheduled for next Friday.
The fund will be used to restore and reconstruct the government tourist facilities
The Supreme Court Monday said the Centre was testing its "patience" and "emasculating" tribunals by not appointing officials to the quasi-judicial bodies which are facing severe crunch of presiding officers as well as judicial and technical members and sought action on the matter by September 13.
The other board members will be Sunil Mehta, former non-executive chairman of Punjab National Bank, as the non executive chairman of Yes Bank, Mahesh Krishnamurthy and Atul Bheda as non-executive directors.
"It is natural that people cannot tolerate those who are growing. Vijayendra in no way at any moment has interfered (in administration). "As state vice president (BJP), he is doing his duty by travelling across the state to strengthen the party," Yediyurappa said in response to a question.
To a question related to RBI's policy rate, Rajan said no amount of interest rate cut is going to help if credit growth is weak.
The Taliban knows that Washington holds the key, points out Ambassador M K Bhadrakumar.
In a bid to make primary markets more efficient, the Securities and Exchange Board of India on Saturday said listing time gap would be reduced further from 6 days after the IPO currently, while listing will be allowed for security receipts issued by asset reconstruction company.
The main runway at the Mumbai airport will remain closed for operations between 9 a.m. and 5 p.m. every day except Sundays till July next year, as the airport authorities are set to undertake the runway reconstruction work from Tuesday.
Showik is brother of the main accused in the case, Rhea Chakraborty, while Miranda was house manager of the deceased actor.
India's development efforts in Afghanistan provide "more bang per buck" and the international community should take some lessons from it, British High Commissioner Richard Stagg said in New Delhi on Friday.
Severed heads and creepy reptiles were the highlight of this show.
A central leader of radical Jamiat Ulema-e-Islam party, Rehmat Salam Khattak, is among 30 arrested in raids following the attack on the temple in Terri village in Khyber Pakhtunkhwa's Karak district on Wednesday, Station House Officer Rehmatullah Khan told PTI.
A clerical error compounded by callousness of the higher bureaucracy has raised a storm over the already vexed Ayodhya issue.
"Sambia has been lying to us since day one... We are cross checking them with Johnny and Sonu's statements," the officer said.
The torch was designed with input from children from the areas most severely damaged by the 2011 earthquake and tsunami.
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.
India became more dependent on Iraqi oil recently after it cut supplies from the sanctions-hit Iran.
The brand new bankruptcy process is being brazenly gamed by those with connections and money. The touts and fixers of the previous regime have been replaced by a new set close to this one, observes Debashis Basu.
Pakistani Prime Minister Yousuf Raza Gilani on Thursday asked the world community to help the country in the crucial process of rehabilitation and reconstruction in the militancy-hit areas in the northwest.
Laxmi Negi/Rediff.com picks the very best players from what has been an outstanding tournament.
Prime Minister Manmohan Singh is expected to announce a package for border districts of Jammu and Kashmir when he travels there on Tuesday along with United Progressive Alliance Chairperson Sonia Gandhi on a two-day visit.
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.
