Reluctant to reveal the names of top 100 bank loan defaulter businessmen of the country, the Reserve Bank of India (RBI) has filed a petition in the Delhi High Court, seeking a stay on the orders passed by the Central Information Commission (CIC). On November 15, CIC, while deciding a petition filed by local RTI activist P P Kapoor, had directed the RBI to provide him the names of defaulters by...
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MPs owe Rs 7.30 crore in phone bills by Chetan Chauhan
It seems the people's representatives are oblivious to the fact that making phone calls costs money and they have to pay bills like the man on the street. Altogether 405 present and former members of Parliament owe Rs 7.30 crore to public sector Mahanagar Telephone Nigam Ltd for bills not paid for years. Every MP is entitled to two fixed line telephone connections – one in Delhi and other in his...
More »Centre doubles sop for UP weavers to Rs 6,000 crore
-The Times of India The Centre on Saturday announced a Rs 6000-crore package for the handloom sector, doubling the announced financial relief, in what is seen as an outreach to the weaver community with authorship of Rahul Gandhi ahead of crucial UP elections. The sop increased with the government including individual loan defaulters, who are not part of a cooperative for loan amnesty, and in giving incentive for timely payment of loans...
More »Reforming the Press Council by AG Noorani
The new Chairman of the Press Council of India, Markandey Katju, wants to make it an instrument of mediation in addition to adjudication. THE appointment of Justice Markandey Katju, a former judge of the Supreme Court, as Chairman of the Press Council of India is about the best thing that has happened to that body in a long while. It is no exaggeration to say that the PCI commands little prestige...
More »RBI asked to name top 100 defaulting industrialists by Anuja & Remya Nair
The commission has now directed RBI to furnish the information by 10 December to the applicant and publish it on its website by the month-end The Central Information Commission (CIC), which enforces the Right to Information Act, has directed the central bank to make public the names of the top 100 industrialists who have defaulted on loans taken from public sector banks. The Reserve Bank of India (RBI) had declined to disclose...
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