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Cloak on defaulters

-The Telegraph New Delhi: The Reserve Bank of India today told the Supreme Court that it was not in favour of publishing the list of loan defaulters who owed public sector banks Rs 500 crore or more because such disclosure might involve the statutory, contractual and fiduciary rights of the defaulters. Senior advocate Jaideep Gupta, appearing for the Reserve Bank, argued that the grant of loans was covered by various statutes, including...

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Only 7% rise in transactions through cards post demonetisation

-PTI NEW DELHI: Transactions through debit and credit cards rose by merely seven per cent post demonetisation, as against a surge of over 23 per cent in overall digital transactions, top government officials told a parliamentary panel. Officials from various ministries gave a presentation to the Parliamentary Standing Committee on Finance on 'Demonetisation and Transformation towards Digital Economy'. The digital transactions in all modes increased by 23 per cent to 27.5 million in...

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Rain fury: 9 dead in Gujarat, Assam toll mounts to 60; flash floods in Odisha

-PTI NEW DELHI: Rain fury continued across the country claiming nine lives in Gujarat and causing flash floods in Odisha, while in Assam the death toll touched 60 on Sunday though the flood situation there has eased. At least nine people have died and over 400 rescued by the National Disaster Response Force and the Indian Air Force as heavy rain lashed many parts of Gujarat in the past two days, leading...

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Register with GST, don't wait till July 30 deadline: Govt to traders

-The Times of India NEW DELHI: The government urged traders on Saturday to register for the goods and services tax (GST) soon, and not wait for the July 30 deadline. If one is owns a business with an aggregate turnover exceeding Rs 20 lakh in the preceding financial year (Rs 10 lakh in special-category states), they will need to register in all the states and Union territories to which they make...

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'Rs 7,000cr spent, but Ganga still polluted' -Vishwa Mohan

-The Times of India DELHI: The report of a fire literally on the Ganga prompted noted environmentalist and lawyer M C Mehta to file a PIL in the Supreme Court over 32 years ago. Discharge of inflammable effluents from nearby industries in Haridwar had caused the fire on water and subsequently triggered the chain of events which culminated in Thursday's NGT judgement directing both central and state authorities to take multiple...

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