The recapitalisation, the finance minister said, will enhance the lending capacity of state-owned banks and help them come out of RBI's Prompt Corrective Action framework.
'His past as a cricketer makes it difficult for the BJP to question his nationalism.' 'He gets away by ridiculing Modi while something similar from most Congress leaders does not resonate as much.'
The bench also extended the interim protection from arrest granted to Chidambaram till September 5.
Balaji Rao of Karvy Stock Broking, Samir Chag, CEO of Elegant Equity and Nirav Ashra, Branch Head of Unicon, believe that though retail participation is back in action, small investors are still worried and hesitant to make fresh investments.
Experts say the recent Rs 14,000-crore PNB fraud could have been avoided had there been an integration of PNB's CBS with its SWIFT system
'So you wonder, couldn't he have combined these two qualities: His love of his own voice, and his acting talents, to voice concern about the Kathua and Unnao rapes?' asks Jyoti Punwani. 'His supporters are siding with the accused in the first case, and are the accused in the second.'
'There are so many issues that the CVC is examining both with reference to the PNB and RBI,' K V Chowdary said.
'The appellant (Mallya) has five business days to apply for oral consideration. If a renewal application is made, it will be listed before a high court judge and dealt with at a hearing,' a spokesperson for the UK judiciary said.
'All governments try owning the message, but the Modi-Shah BJP has developed it into a fine art.'
The Congress is seeking to oust the BJP government in Haryana in the October 21 polls.
Surjewala alleged that Mehta and his family were allowed to leave India even when there were complaints pending against him with the CBI.
'We don't trade with any business where we have specific concerns,' a De Beers spokesperson said.
'One by one we are seeing these private banks taking people's money and mismanaging it.' 'In the last 30 years, 30 private banks have collapsed.' 'Nationalise all banks so that people's money is safe.'
'The vitriolic campaign now in progress, the underlying threat of violence, and the elevation of Pragya Thakur as a star candidate are key markers in the BJP's obstacle-strewn march back to New Delhi,' says Sunil Sethi.
The event will also hurt PNB's asset quality in the March 2018 quarter. While the finer details of the fraud have not been provided, making it difficult to gauge the exact impact, analysts say it will dent the bank's financials.
The possibility of the slowdown affecting more players is greater if the industry doesn't get access to easier finance in the next six to eight months.
'We were number one in commodity, currency, electricity, bonds, spot and everything. 'The purpose was to create an accident and then exploit it to eliminate the group. There were so many vested interests and therefore they did this," said Shah.
The protesting students claimed that when they reached Red Fort, police did not allow them to take out the march but they did not budge and said they would make their voices heard.
When 17 million Indians seek their fortune abroad it only means people are losing faith in the government's ability to honour its promises, says Sunanda K Datta-Ray.
However, the Indian capital markets regulator rejected the claim saying it neither received any such request, nor provided any such information to the concerned department in Antigua.
The Congress president said that if he was allowed to speak for 15 minutes on a host of issues, including the Nirav Modi scam, PM Modi would "run away".
Members from parties, including National Democratic Alliance partner Telugu Desam Party, All India Anna Dravida Munnetra Kazhagam and Trinamool Congress, continued their protests on various issues.
Jaitleysaid Mallya misused his position as an MP to accost him once in Parliament.
In its letter, finance ministry has pointed to sections 35, 35A and 36 of the Banking Regulation Act, 1949, to highlight the powers and functions of the RBI as regulator
FinMin finally sacked executive directors K V Brahmaji Rao and Sanjiv Sharan on January 18. The bank's board, however, had felt they had no criminal intent and it was a case of 'casual oversight'
The union government was taking effective steps to rid the country of corruption and nepotism, he said.
Despite the rating agency CARE withdrawing the ratings assigned to the bank facilities of FIPL "with immediate effect" following the receipt of a no-objection certificate (NOC) from the banks, Modi's company received uninterrupted letters of undertaking (LoUs) from PNB, which were honoured by other banks until a few weeks ago.
'Teaching lessons is the objective behind every school.' 'For the moment, a state seems intent to teach a lesson -- that students of Classes 4, 5 and 6 can wage war against the mighty Indian nation,' says Krishna Prasad.
The Harvard alum has known the Yale alum for ages, but hit it off recently.
The decision to do away with Rs 500 and Rs 1,000 notes accelerated the slowdown in economic activity with growth averaging 6.8 per cent in the seven quarters after it, as against an average of 8 per cent in the six quarters preceding it, says former chief economic advisor Arvind Subramanian.
As per the existing process of law under the PMLA, the ED could confiscate the assets only after the trial in a case finishes which usually takes many years.
Despite the 6-month high, trade deficit has widened to a four-month high of $14.62 billion, as imports rose by 14.85 per cent during the month, reports Subhayan Chakraborty.
More than 1,000 independent directors have quit since January 2017; more could be on their way out
The GST Council on Saturday is expected to extend the date for IGST exemption and cess on imports
In a 7-page letter Choksi said, he was being threatened by the individuals with whom he has business relationship and due to the seizure of his assets, his employees, customers and creditors have started to show animosity towards him.
A combination of externalities such as global trade wars and slowing growth, continuing glitches in accessing offsets under the GST regime, which has created a liquidity crunch for smaller exporters, and the growing competitiveness of smaller countries are causing the slowdown.
The 20 richest people on the planet are worth a staggering USD 1.2 trillion, a sum roughly equivalent to the annual economic output of Mexico.
However, the road to profitability has already hit some hurdles for the Delhi-based bank as the Union government has rejected its demand for an additional capital infusion of around Rs 8,000 crore in 2018-19
According to ED sources Sunil Mehta said the fraud took place due to "systemic failure" and "procedural lapses", owing to lack of interface or proper links between the core banking software and the SWIFT interbank messaging system.
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