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Centre Clears Tighter Rules To Bar Loan Defaulters From Bidding For Firms
The cabinet on Wednesday approved amendments to the Insolvency and Bankruptcy Code with changes that are designed to prevent wilful defaulters from bidding for stressed assets, Finance Minister Arun Jaitley said.
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Bill Introduced To Replace Banking Regulation Ordinance
The Banking Regulation (Amendment) Bill, 2017 seeks to amend the Banking Regulation Act, 1949 and replace the Banking Regulation (Amendment) Ordinance, 2017, which was promulgated in May this year.
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Arun Jaitley Introduces Bill To Replace Banking Regulation Ordinance
A bill to authorise the Reserve Bank of India to direct banking companies to resolve the problem of stressed assets was introduced in the Lok Sabha today by Finance Minister Arun Jaitley.
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Finance Minister Arun Jaitley Introduces Bill To Replace Banking Regulation Ordinance
The Banking Regulation (Amendment) Bill, 2017, seeks to amend the Banking Regulation Act, 1949 and replace the Banking Regulation (Amendment) Ordinance, 2017.
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Concerted Push Being Made To Tackle Bad Loans: Fitch
The government earlier this month through an ordinance amended law to give powers to the RBI to order banks to initiate insolvency proceedings against defaulters and create committees to advise them on recovering bad loans.
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Paralysis On Non-Performing Assets Should Be Broken, Says Finance Minister Arun Jatiley
The minister also disclosed that general authorisation empowering the RBI with the policy statement has been issued separately.
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RBI To Get Power To Act Against Loan Defaulters, Cabinet Clears Ordinance
The ordinance is aimed at empowering RBI to deal more effectively with stressed assets than earlier.
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New Rule: Soon, Punishment For Holding More Than 10 Old Notes, Centre Clears Ordinance
It will be a crime to have more than 10 banned notes after Friday, under a new rule approved by the government. An ordinance or executive order was cleared by the cabinet on Wednesday and will be sent to the President for his sign-off. 500 and 1,000-rupee notes were banned by the government on November 8 in a massive anti-corruption move. Old notes...
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Ordinance To Nullify Government and RBI Liability On Demonetised Notes
In 1978, a similar ordinance was issued to end the government's liability after Rs 1,000, Rs 5,000 and Rs 10,000 notes were demonetised by the Janata Party government under Morarji Desai.
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Bill to replace ULIP ordinance, FM seeks to allay RBI fears
Allaying RBI's fears, the government on Tuesday proposed to elevate its governor's post in the proposed joint mechanism to address the differences among financial regulators over hybrid products. The legislation, Securities and Insurance Laws (Amendment) and Validation, Bill 2010, presented in the Lok Sabha to replace the ULIP Ordinance, al...
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Centre Clears Tighter Rules To Bar Loan Defaulters From Bidding For Firms
The cabinet on Wednesday approved amendments to the Insolvency and Bankruptcy Code with changes that are designed to prevent wilful defaulters from bidding for stressed assets, Finance Minister Arun Jaitley said.
-
Bill Introduced To Replace Banking Regulation Ordinance
The Banking Regulation (Amendment) Bill, 2017 seeks to amend the Banking Regulation Act, 1949 and replace the Banking Regulation (Amendment) Ordinance, 2017, which was promulgated in May this year.
-
Arun Jaitley Introduces Bill To Replace Banking Regulation Ordinance
A bill to authorise the Reserve Bank of India to direct banking companies to resolve the problem of stressed assets was introduced in the Lok Sabha today by Finance Minister Arun Jaitley.
-
Finance Minister Arun Jaitley Introduces Bill To Replace Banking Regulation Ordinance
The Banking Regulation (Amendment) Bill, 2017, seeks to amend the Banking Regulation Act, 1949 and replace the Banking Regulation (Amendment) Ordinance, 2017.
-
Concerted Push Being Made To Tackle Bad Loans: Fitch
The government earlier this month through an ordinance amended law to give powers to the RBI to order banks to initiate insolvency proceedings against defaulters and create committees to advise them on recovering bad loans.
-
Paralysis On Non-Performing Assets Should Be Broken, Says Finance Minister Arun Jatiley
The minister also disclosed that general authorisation empowering the RBI with the policy statement has been issued separately.
-
RBI To Get Power To Act Against Loan Defaulters, Cabinet Clears Ordinance
The ordinance is aimed at empowering RBI to deal more effectively with stressed assets than earlier.
-
New Rule: Soon, Punishment For Holding More Than 10 Old Notes, Centre Clears Ordinance
It will be a crime to have more than 10 banned notes after Friday, under a new rule approved by the government. An ordinance or executive order was cleared by the cabinet on Wednesday and will be sent to the President for his sign-off. 500 and 1,000-rupee notes were banned by the government on November 8 in a massive anti-corruption move. Old notes...
-
Ordinance To Nullify Government and RBI Liability On Demonetised Notes
In 1978, a similar ordinance was issued to end the government's liability after Rs 1,000, Rs 5,000 and Rs 10,000 notes were demonetised by the Janata Party government under Morarji Desai.
-
Bill to replace ULIP ordinance, FM seeks to allay RBI fears
Allaying RBI's fears, the government on Tuesday proposed to elevate its governor's post in the proposed joint mechanism to address the differences among financial regulators over hybrid products. The legislation, Securities and Insurance Laws (Amendment) and Validation, Bill 2010, presented in the Lok Sabha to replace the ULIP Ordinance, al...
