Pointing towards Shah, who was present in the Upper House, Sibal asked why FIRs were not registered against those who delivered hate speeches that "incited" communal violence in Delhi.
With the above relaxation, more than 70 per cent of the depositors of the bank will be able to withdraw their entire account balance, the central bank said as most of its account holders have an average balance of just about Rs 10,000.
SBI's ownership should give confidence to depositors and lenders about the bank's solvency.
From the appointed date, the authorised capital of the private sector bank would stand altered to Rs 5,000 crore and the number of equity shares at 2,400 crore having face value of Rs 2 each.
India has the potential to supersede China to the top spot, says a report published by PwC.
'A great General who had become a legend in his lifetime.' 'India will not see the likes of Sagat Singh again.'
Here's how you can ensure you have enough in your kitty and be in command of your finances.
Reserve Bank of India Governor D Subbarao on Tuesday said the central bank needed more powers before it could firm up the final guidelines on new bank licences.
History of electronics indicates that no company, nor any nation for that matter, has been able to cement pole position and maintain it through several cycles. he death of its iconic promoter, Lee Kun-hee, raises questions over how long the chaebol can maintain its gigantic footprint in the global electronics industry, says Devangshu Datta.
PMC Bank depositors have spent the last one year holding protests, meeting politicians, writing to various authorities in an effort to get their hard-earned money back.
In three separate but similarly-worded orders, Sebi said the default by IL&FS occurred due to "lethargic indifference and needless procrastination and laxity" of the rating agencies.
In his fresh petition, Verma said he had filed a statutory complaint with the defence ministry, challenging appointment of Vice Admiral Singh as the next navy chief, and asked it to respond within 10 days.
Defense strategy seems to relying on three basic arguments.
The Reserve Bank Officers Cooperative Credit Society, which caters to the credit needs of RBI officers posted all over India, has a fixed deposit of Rs 105 crore in the bank on which the RBI has placed various curbs for six months following revelations of irregularities.
Verma also sought quashing of a note issued by the defence ministry rejecting his plea against Singh's appointment.
Tamal Bandyopadhyay, columnist and author of several books like From Lehman to Demonetisation: A Decade of Disruptions and Sahara: The Untold Story, tells Rediff.com why Yes Bank depositors should not panic and the current crisis at India's fifth largest private lender does not pose any systemic risk.
A Pakistan-born US teenager on Friday pleaded guilty to conspiracy to provide material support to terrorists and offering assistance to a woman called "Jihad Jane" who was planning to wage a jihad in Europe.
Maryland resident Mohammad Hassan Khalid, a legal immigrant from Pakistan, has been charged along with Ali Charaf Damache, an Algerian man who resided in Ireland.
Gold ($1,895 an ounce) superseded platinum ($1,872 an ounce) for the first time on September 5, 2011, due to rising investment demand of the yellow metal as a hedge against the global economic uncertainty.
"It is a much more serious issue and is not like what the media is making it out to be, that Sharad Pawar is angry at being not made No 2. Being such a senior politician and minister, he has never asked for higher posts," says NCP spokesperson and Rajya Sabha member D P Tripathi
"The force is to maintain peace and tranquillity at the border but it will not shy away from flexing its muscles, if the need be," Gen Rawat said.
If the house is for self-occupation, the right time to buy a house is now. However, if the house is for investment purpose then there are other factors to consider.
On February 17, 2009, Satyam case was handed over to CBI.
Evidently on the strength of continuing information provided by Lashkar-e-Tayiba operative and Pakistani American David Coleman Headley alias Daood Gilani, who was an integral protagonist in the conspiracy that led to the horrific 26/11 Mumbai terror attacks, four new Lashkar handlers of Headley have been chargesheeted in the US District Court for the Northern District of Illinois (Chicago).
The rift between the Congress Party and Nationalist Congress Party seems to have found a new battleground Maharashtra State Cooperative (MSC) Bank.
Mired in corruption, politics and with a history of suicides by its hapless depositors, PMC Bank's revival is a challenge very different from Yes Bank and LVB, both for the regulator and the rescuer, observes Tamal Bandyopadhyay.
Justice Lodha said the verdict of the Supreme Court is supreme, after the panel filed its status report which has called for the removal of BCCI President Anurag Thakur and Secretary Ajay Shirke for non-compliance of the apex court's orders.
Lt Gen Haroon Aslam of the Pakistan Army on Thursday resigned a day after he was superseded by his two juniors who were made the new army chief and the chairman joint chief of staff committee.
In no mood to relent, Lt Governor Najeeb Jung on Tuesday rejected the AAP government's decision to transfer Home Secretary Dharam Pal after he signed a notification appointing Joint Commissioner of Delhi Police M K Meena as new Chief of Anti-Corruption Branch.
The United States charged four more Pakistani conspirators with carrying the 26/11 Mumbai terror attacks. The second superseding indictment filed by the federal prosecutors before a Chicago court on Monday, revealed how the attacks were planned since 2005. In a two part series, rediff.com explains in detail the 26/11 conspiracy.
The food companies will need to declare nutritional information such as calories (energy), saturated fat, trans-fat, added sugar and sodium per serve on the front of the pack.
The ED, which is probing the DHFL promoters' role in financing funds to gangster Iqbal Memon (alias Iqbal Mirchi), said Kapil Wadhawan, former chairman and managing director of the debt-laden company, played a very crucial role in these "nefarious transactions" by way of money laundering.
'I just want to give my best for the country and in the process I know I can achieve something for myself as well'
Superseding emergency measures put in place following a foiled terrorist attack on a US-bound aircraft on December 25, America on Friday announced enhanced security measures for all international carriers to strengthen passengers' safety.
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.
The ED said that the investigation further revealed that there are 78 companies owned by the accused and his family members and it needed to probe whether the money went into these companies.
A federal grand jury on Thursday returned a superseding indictment adding Chicago native Tahawwur Rana, Pakistan-based terrorist leader Ilyas Kasmiri and a retired major in the Pakistani military Abdur Rehman Hashim Syed, to charges filed last month against Pakistani American and Laskhar-e-Tayiba operative David Coleman Headley.
Its obsession for growth, chasing corporate clients and giving up its original mandate of meeting the needs of local trade and businesses. A quarter of its loan book has gone bad. That's an error of business strategy, points out Tamal Bandyopadhyay.
Here are some of the formidable female spirits of Bollywood.
Citing the need to be better prepared for trial, Pakistani-Canadian terror suspect Tahawwur Rana has asked the US government to provide him "specific" details of the kind of "material support" he provided to terror acts, saying so far the prosecution's allegations in the superseding indictment have been "vague".
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