Those involved in the discussions say the guidelines for selection of bidders in insolvency cases need to be transparent, otherwise anyone who loses out could take legal recourse, leading to wastage of time and derailing the whole process.
The cut-off date the RBI chose was March 1, 2018. This meant that by the end of August if these accounts were not resolved, then they would have to proceed through insolvency.
'Somewhere along the way, elected office-bearers appeared to have lost sight of the interest of cricket and begun to pursue their own interpretation of what the game should be.' 'Families made it a tradition to have their representatives occupy, if not usurp, positions in state associations,' points out Vinod Rai, who will step down as head of the BCCI's Committee of Administrators on Wednesday, October 23.
The Naukri Job Speak Index for March stood at 1,475, showing stability in hiring activity, when compared to the previous month.
Summary of sports events and persons who made news on Friday
With economic downturn and severe drought putting pressure on its finances, the government on Monday ordered a 10 per cent cut in non-plan expenditure slashing foreign and domestic travel, publicity expenses and ban on conferences in five star hotels.
Did you know that ethical hackers earn anything between Rs 800 to Rs 1,000 per hour?
Since 2004, Montek Singh Ahluwalia, one of the commission's longest serving deputy chairmen, has been trying to mould it to fit into the new economic order, without much to show for his efforts.
The 2G judgment suggests many bureaucrats have poor application, inadequate interest and are unwilling to be active participants in the policy process, says Babu Jacob.
"To enable students from economically weaker sections to access higher education, it is proposed to introduce a scheme to provide them full interest subsidy during the period of moratorium," he said. However, only those students whose family income is less than Rs 4.5 lakh per annum will be eligible under the scheme. These students will avail the benefit for a moratorium period which is one year from completion of the course or six months from joining a job.
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.
The particular matter with Nalini pertains to the legal fee paid to her by the Saradha group.
Such listings will help internationalise our currency, give us economic heft, compel best in class regulations and further develop the professional-services ecosystem., says Amit Tandon.
No matter what the differences, it is imperative that you maintain your dignity and composure.
The Budget has levied a pollution cess on petrol, diesel cars and SUVs and offered a one-time compliance window for domestic black money holders slapping a tax and penalty of 45 per cent.
'The answer for a quicker boost to growth is simple -- run a much larger deficit, use the resulting public resources to ensure adequate price support for agriculture, subsidise wage costs of MSMEs and accelerate public sector construction-intensive activities,' advises Nitin Desai.
IBC-oriented pre-packs, the other mechanism under consideration, are a mix of out-of-court restructuring and a formal insolvency process, say experts.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries:
Totackle the serious challenges faced by the banking sector, the government will bring in more professional management and boards in the banks.
'Zero Day' visitors like Maruti Suzuki, TVS, Tata Motors, Hero MotoCorp, Ashok Leyland and Bajaj Electricals are visiting fewer campuses.
Private equity investing can be rewarding, but an investor needs to be patient as exiting can be tricky and these assets do not provide instant liquidity.
India's growth, he said, remains resilient with low inflation, fiscal prudence and low current account deficit, talking about robust structural reform measures.
NIIT Imperia, Centre for Advanced Learning, offers management programmes from IIM-Ahmedabad, IIM-Calcutta and IIM-Indore to working professionals.
Follow these 10 Chennai foodies to track down the great restaurants and awesome food there!
The culture of these firms is alien to the Indian financial system. Distressed assets funds are known for their ruthless recovery ethics. Slicing and dicing a company and selling it on a piecemeal basis is their usual practice. This is something Indian banks are finding a little uncomfortable.
The country's economy is expected to grow by around 6 per cent in the current fiscal, even in the worst-case scenario of global recession prevailing till March 2010, according to Arvind Virmani, chief economic adviser in the Ministry of Finance.
Swiss banking professionals under the agies of the Swiss Bankers Association met the Reserve Bank of India officials on Wednesday to discuss areas of cooperation. They also apprised the Indian banking regulator about the steps that Swiss authorities had initiated to implement stringent anti-money laundering laws.
News of all that's transpired on and off the football field
Recruitment activity in India is poised to improve this year, driven by sectors such as IT and ITeS, after hiring remaining largely unchanged in December from a month earlier.
A committee suggested that CSR expenditure be made tax deductible, in order to incentivise spending by companies. It also said that CSR should not be used as a means of resource-gap funding for government schemes.
'Given the emerging trends, it may be time for India to embrace digital banking,' notes Pradipta Bagchi.
How Chanda Kochhar and her husband Deepak Kochhar find themselves in a huge controversy.
'At this point of time, West Bengal is doing better than other states in tackling the crisis. We have a chief minister who herself has hit the streets to do what is to be done, and at the same time ensuring a proper lockdown. She is also trying day and night to set up the requisite infrastructure.'
We salute the late thespian in this compilation of his ten essentials movies that highlight his range and stature as an actor par excellence.
Daimler, world's largest manufacturer of commercial vehicles, had reached an understanding in December 2007 for establishment of a joint venture with Munjal family-promoted Hero group, a leading Indian business house with presence in automotive manufacturing, auto parts and services sector.
Of the 80 new appointments, 51 women are becoming directors.
The National Institute of Business Management, Chennai, invites applications for admission to its two-year distance learning MBA programme.
Barring a few, most of the B-schools end up as mere fillers for aspiring students, says Ramesh Kailasam. India needs to have more focused B-schools which are qualitative and practical oriented to churn out students ready to take on the challenge to steer India Inc. and the nation forward.
