Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/top-100-wilful-defaulters-owe-lenders-rs-84632-crore/articleshow/80753675.cmsSynopsis While banks wrote off nearly three-fourth of it to clean their balance sheet and get tax benefits, the default borrowers continue to appear
Category: Legal
Service complaints by bank customers rise 57 pc to over 3 lakh: RBI report – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/service-complaints-by-bank-customers-rise-57-pc-to-over-3-lakh-rbi-report/articleshow/80754191.cmsSynopsis The number of complaints pertaining to ‘Direct Sales Agent (DSA) and recovery agents’ increased from 629 complaints in 2018-19 to 1,406 this year,
Fines, jail term for breach of UK’s new COVID-19 travel rules – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/international/world-news/fines-jail-term-for-breach-of-uks-new-covid-19-travel-rules/articleshow/80771907.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis In a statement to the House of Commons, Health Secretary Matt Hancock unveiled the new rules to come into force from next Monday,
Can’t delay farm reforms anymore, says PM Narendra Modi – The Financial Express
Clipped from: https://www.financialexpress.com/india-news/cant-delay-farm-reforms-anymore-says-pm-narendra-modi/2190726/ Urging the farmer unions to end their two-and-a-half-month-long agitation, the PM said “we will find a solution together…all the doors are open for
The Insolvency and Bankruptcy Code allows the market to make the most efficient choice–MS SAHOO WRITES: –indian express
Clipped from: https://indianexpress.com/article/opinion/columns/insolvency-and-bankruptcy-code-corporate-debt-resolution-process-7178980/ Liquidation or rescue is an outcome of the market forces; the law is only an enabler giving choices and nudging a company towards
The curious case of rising bank frauds | Deccan Herald
RBI must create a new route map for banking supervision that is accountable to both the State and the taxpayer When the then RBI Governor
Social media malware campaign from 2016 resurfaces, warns Kaspersky to Indian users – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/info-tech/social-media-malware-campaign-from-2016-resurfaces-warns-kaspersky-to-indian-users/article33781431.ece A social media malware campaign from 2016 resurfaced in India in 2021, according to cybersecurity firm Kaspersky. “The gang is known to utilize
SC has made noteworthy pronouncements on the Insolvency Code – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/business-laws/sc-has-made-noteworthy-pronouncements-on-the-insolvency-code/article33775414.ece These go to strengthen the Code, which an important measure, meant to prevent insolvency by reviving ailing businesses. The Code however, is not
Faceless ITAT – a premature experiment – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/business-laws/faceless-itat-a-premature-experiment/article33775171.ece Virtual assessment, which seeks to eliminate human interface, is welcome, provided the principles of fairness and equity are not eroded Virtual assessments and
Future-Reliance deal: Delhi HC stays single-bench status quo order–business today
Clipped from: https://www.businesstoday.in/current/corporate/future-vs-amazon-delhi-hc-stays-status-quo-order-on-future–reliance-deal/story/430644.html The Delhi High Court passed the interim direction on Future Retail’s appeal challenging the February 2 order of the single judge, who had
Now, farmers, it is your turn–the economic times
Clipped from: https://economictimes.indiatimes.com/blogs/et-editorials/now-farmers-it-is-your-turn/ET Edit Quick takes, analyses and macro-level views on all contemporary economic, financial and political events. Little is to be gained by prolonging the
Cover for gig workers: Amazon, others pledge Rs 500 crore to proposed social security fund – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/cover-for-gig-workers-amazon-others-pledge-rs-500-crore-to-proposed-social-security-fund/articleshow/80743698.cmsSynopsis The labour ministry has finalised the scheme for gig workers under the Employees’ State Insurance Corporation, which will be announced alongside the rollout
Over 21,250 cases pending before NCLT at end of December 2020 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/over-21250-cases-pending-before-nclt-at-end-of-december-2020/articleshow/80754041.cmsSynopsis In a written reply to Lok Sabha, Finance and Corporate Affairs Minister Nirmala Sitharaman on Monday said that during the lockdown, adequate measures
Easy access to power distribution business proposed – The Financial Express
Clipped from: https://www.financialexpress.com/economy/new-bill-easy-access-to-power-distribution-business-proposed/2190073/ The amendment proposes that incumbent discoms will have to share their existing power purchase arrangement with all discoms entering their supply areas. A
Law’s not on whim, fancy or phone call–the economic times
Clipped from: https://economictimes.indiatimes.com/blogs/et-editorials/laws-not-on-whim-fancy-or-phone-call/ET Edit Quick takes, analyses and macro-level views on all contemporary economic, financial and political events. Comedian Munawar Faruqui, after spending 35 days in
Now, farmers, it is your turn–the economic times
Clipped from: https://economictimes.indiatimes.com/blogs/et-editorials/now-farmers-it-is-your-turn/ET Edit Quick takes, analyses and macro-level views on all contemporary economic, financial and political events. Little is to be gained by prolonging the
Consensual sex of minors is a grey area, admits Bombay HC | Mumbai News – Times of India
Clipped from: https://timesofindia.indiatimes.com/city/mumbai/consensual-sex-of-minors-is-a-grey-area-admits-bombay-hc/articleshow/80729495.cms MUMBAI: While granting bail, pending appeal, to a 19-year-old convicted in a Protection of Children from Sexual Offences (Pocso) Act case, the Bombay
Future-RIL deal skating on thin ice, may even get derailed, say lawyers | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/future-ril-deal-skating-on-thin-ice-may-even-get-derailed-say-lawyers-121020500845_1.html They believe the best way forward is for Amazon and Future to negotiate with each other on how to ensure that Future group
Over 2.9 lakh cyber security incidents related to digital banking reported in 2020 – The Hindu
Clipped from: https://www.thehindu.com/sci-tech/technology/over-29-lakh-cyber-security-incidents-related-to-digital-banking-reported-in-2020/article33757241.ece?homepage=true The Minister of State for Electronics and IT Sanjay Dhotre noted that the rising popularity of non-banking financial companies (NBFCs) along with e-commerce
Buffeted by Centre and State, GM threatens legal action – The Hindu
Clipped from: https://www.thehindu.com/business/Industry/buffeted-by-centre-and-state-gm-threatens-legal-action/article33770765.ece?homepage=true A year after announcing plans to sell its Talegaon plant, automaker rejects Maharashtra government’s order to continue operations Squeezed between the Centre’s decision
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