The government would be ironing out issues related to the controversial 'bail-in' clause in the earlier Bill, explore hiking the deposit insurance cover of customers, and decide whether the resolution framework should apply to public sector banks.
Rera's implementation is patchy across states, and the powers of the regulator to enforce its orders are also limited.
The Hindi booklet, distributed at a camp of Congress-affiliated Seva Dal in Madhya Pradesh, had also claimed that Savarkar and Mahatma Gandhi's killer Nathuram Godse were in a physical relationship. The book alleged that Savarkar received money from the British after he was released from Andaman's Cellular Jail.
Under the plan, the government has categorised IL&FS group companies into green, amber and red based on their respective financial positions.
If companies get into trouble, the loan becomes a non-performing asset and "we very much want these assets to be back on track," Raghuram Rajan said.
Essar group, Bhushan Steel and JSW group likely to be impacted by changes
The court also allowed Indian Banks' Association, another respondent, to file a response.
Of the Rs 4,405 crore unpaid debt of 12 companies, more than half was locked in just one Mumbai-based real estate company, Kohinoor CTNL Infrastructure.
The government has provided a long-term vision.
His tweet came after media reports said that he took a U-turn on his remarks.
The infra-major going belly up cracked open some major flaws in the system - the most evident being weak corporate governance and how layers of corporate structures could be formed adding to the opaqueness of the group.
The fairy tale turnaround story has, however, taken a few knocks after a second wave of the pandemic has brought a series of default notices and has posed the toughest test for the 55-year old Singh to save the airline he founded and sold to the Marans only to assume control later.
'India will jump 30-40 places in the World Bank ranking of ease of doing business next year.'
In drought-hit Marathwada region, the focus has shifted to renaming the city of Aurangabad, with BJP and Shiv Sena raising a pitch to rename the city as 'Sambhajinagar'.
In a major relief to stressed assets, the Cabinet approved the proposed IBC amendment that the licences, permits, concessions, and clearances for a corporate debtor cannot be terminated or suspended or not renewed during the moratorium period. The Cabinet also allowed amending the code to streamline the corporate insolvency resolution process and protect last-mile funding to boost investment in financially distressed sectors.
It had been pointed out to the banking regulator that one-day default was difficult to monitor in large companies, especially where cash flows are dependent on government payments.
'There is a fiscal crisis building up, which might become apparent when the Finance Commission presents its report,' warns T N Ninan.
Alleging that AAP MLAs are being arrested under a 'conspiracy', party's Delhi convenor Dilip Pandey said a writ petition will be filed in the Delhi high court with a compilation of 'false' cases slapped against them.
Singapore is the most favoured destination for people living in India, Indonesia, Thailand, Hong Kong and the Philippines when it comes to post-lockdown travel.
Several of his lenders have a lot to answer for.
Has the Modi government been more at odds with institutions than other governments? There is no doubt that there have been more run-ins. While the RBI and CBI cases have drawn attention, there have been others, less publicised, Subhomoy Bhattacharjee points out.
Instead of the minority stake they held earlier, now they have controlling stake in many firms
What is the guarantee that another Trump will not arise and reach out to the American people directly? The fact of the matter is that Trump's support base remains the envy of any American politician, notes Ambassador M K Bhadrakumar.
India worked in close partnership with the World Bank to improve its position, says NITI Aayog CEO Amitabh Kant.
'Power is always transitory, and you should be the same person whether you have it or not,' the head of the number one law firm in India tells Pavan Lall.
Formula One Chief Executive Bernie Ecclestone has been indicted in Germany in a case relating to the sale of a stake in the motor racing business eight years ago, a spokesman for a Munich court said on Wednesday.
Said the airline sector is doing well in India, with many carriers making good profits
13 eminent economists, including former RBI governor Raghuram Rajan and current International Monetary Fund Chief Economist Gita Gopinath, in a report have asked the political establishment not to resort to populist tricks.
Corporate ministry documents show that the Siva's firm kept taking loans from public sector banks like State Bank of India, Punjab National Bank which gradually turned to bad loans.
According to the revised plan, promoter Naresh Goyal, his wife Anita Goyal and the directors nominated by the promoter would be asked to step down from the board, and the lenders, as part of the resolution process, will infuse around Rs 1,200 crore into the airline as emergency funding.
Ajit Mishra, vice president, Research, Religare Broking, answers queries on how to invest in stocks.
RBI may be inclined to impose severe restrictions on lending in the coming quarters.
Top 5 losers include Infosys, TCS, ITC, M&M and HUL.
The three companies for sale are Reliance Communications, Reliance Telecom and Reliance Infratel.
When the government is out to get Mallya, why is it quiet about those people who are responsible for Air India's massive losses is a million dollar question
Analysts said with more power sector companies referred to the NCLT by banks, large companies would be at an advantage.
Of the 40 CEOs polled from across the country, 60 per cent identified a fractured electoral mandate as a bigger risk than trade wars, volatile oil prices, and inflation.
Bankers said the SC verdict might prolong the resolution process and force lenders to bring back cases to the drawing board.
The Modi government could steer through Parliament 59 out of 75 Bills.
China Development Bank takes Reliance Communications to NCLT over loan default
