Daily Archives: September 20, 2018

Insolvency cases: SC to decide when to step in

May have to lay down laws: apex court The Supreme Court on Wednesday said it would have to lay down some laws on what stage the adjudicating authority, appellate authority and the apex court could interfere in insolvency resolution proceedings. A Bench of Justice Rohinton Fali Nariman and Justice Indu …

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‘Liquidity issues at ILFS credit negative for banks’

Debt accounts for 0.5%-0.7% of overall bank loans: Moody’s Rising liquidity issues in Infrastructure Leasing & Financial Services (IL&FS) are credit negative for Indian banks and debt market, Moody’s Investors Service said in a report. “As of 31 March 2018, debts incurred by IL&FS in the form of bank loans …

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Rationalisation of CS schemes mooted

Many Centrally Sponsored Schemes are boutique in nature, with ‘dubious’ outcomes: N.K. Singh Several Centrally Sponsored Schemes (CSS) are just boutique in nature with ‘dubious’ outcomes, the 15th Finance Commission of the Union Government has noted while calling for urgent rationalisation of the CSSs. The pruning of such schemes would …

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Court suspends Sharif’s sentence

Islamabad High Court says NAB could not bring evidence against the Sharifs in corruption case Members of Nawaz Sharif’s party celebrated his release on Wednesday after the Islamabad High Court suspended the jail sentences handed to the former Prime Minister, his daughter Maryam and son-in-law Captain Muhammad Safdar (retd.). National …

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Tribal group to protest for Santali teachers

Organisation to hit streets on Sept. 24 Protesting against the absence of permanent teachers to teach in Santali in schools, a tribal organisation has decided to hit the streets in the city. Santali as medium of instruction in the State-run schools of West Bengal was announced a few years ago. …

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A second chance to prove legacy: SC

Justice Ranjan Gogoi on the Special Bench hearing the Assam National Register of Citizens (NRC) case observed on Wednesday that by allowing the claimants to file extra papers, the apex court was actually giving them a ‘second chance’ to prove their Indian legacy. “Usually, the process of claims and objections …

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Can’t curb liberty on conjecture, says SC

“You [the Maharashtra government] should make a clear distinction between opposition to government and efforts for mass destruction or violence… We may not like it [resistance], but we must accept the fact that there will be opposition,” Justice Chandrachud told Mr. Mehta. The Maharashtra government claimed that their raids unearthed …

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