The Biggest Stories of March 12, 2016

Question arises whether Vijay Mallya used a ghost firm to acquire his own prime properties at a huge discount in order to dodge bank recoveries; Army officers and jawans continue operating with less than half the 3.5 lakh bullet proof jackets that they require; RBI Governor Raghuram Rajan says wilful defaulters should be penalised but there should not be a fishing expedition; RSS decides that khakhi shorts which have symbolised it for decades will be soon replaced by trousers; and more on the news wrap of the day.