NEW DELHI: India needs to have an appropriate policy intervention as well as process to resolve non-performing assets (NPAs) of companies that are genuinely not able to repay their loans, Minister of State for Finance Jayant Sinha said on Sunday, while reiterating that the government is committed to punish the willful defaulters. Speaking at the…
By: ENS Economic Bureau | New Delhi | Published:March 14, 2016 12:38 am Finance Minister Arun Jaitley and IMF MD Christine Lagarde on the concluding day of the Advancing Asia: Investing for the Future conference, in New Delhi on Sunday. Amit Mehra The government hopes to pass the Constitution Amendment Bill for Goods and Services…
Mallya has no option but to return since cancellation of his passport will get him deported As part of the governments three-part plan to address stressed assets of public sector banks, structural issues would be dealt with to avoid recurrence of these problems, whether wilful or due to policy paralysis or business challenges, in future.…
Defaulting promoters, wilful or otherwise, are known to hide behind the shield that the law provides, treating a company as a separate legal entity, distinct from its promoters, other shareholders, and directors. Following the doctrine of limited liability, the law recognises that the liability of the shareholders of a company is limited…
PORT OF SPAIN, Trinidad, (CMC) Prime Minister Dr Keith Rowley Saturday said that his administration views as punitive and disrespectful in the extreme the decision by ArcelorMittal Point Lisas, a subsidiary of the worlds leading steel and mining company, to end its operations here and send home more than 600 employees. It is…
PORT OF SPAIN, Trinidad, (CMC) Prime Minister Dr Keith Rowley Saturday said that his administration views as punitive and disrespectful in the extreme the decision by ArcelorMittal Point Lisas, a subsidiary of the worlds leading steel and mining company, to end its operations here and send home more than 600 employees. It is…
New Story PORT OF SPAIN, Trinidad, Mar 12, CMC Prime Minister Dr. Keith Rowley Saturday said that his administration views as punitive and disrespectful in the extreme the decision by ArcelorMittal Point Lisas, a subsidiary of the worlds leading steel and mining company, to end its operations here and send home more than 600 employees.…
Published 13/03/2016 FASA launched Northern Ireland’s only 24-hour crisis centre, Nightingale House in east Belfast, last September. The charity announced it had been forced to suspend all services last week due to financial crisis The news of The Forum for Action on Substance Abuse (FASA)’s crisis sparked shock and worry across the community last week.…