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The Supreme Court today allowed jailed Sahara chief Subrata Roy to conduct negotiations for sale, transfer or encumberance of the group's overseas assets at a guest house or through video conferencing. The proceeds of such transactions could be utilised for the repayment of its obligations of over Rs 37,000 crore to Securities and Exchange Board of India (Sebi). "You can be brought to a guest house ...
The remains of the victims of the Malaysia Airlines crash arrived in territory held by the Ukrainian government on Tuesday on their way to the Netherlands, after delays and haphazard treatment of the bodies that put pressure on European foreign ministers meeting in Brussels to impose tougher economic sanctions on Russia.The crash site itself, in farmland held by the pro-Russian separatists whom the ...
Reserve Bank of India said on Tuesday loans for non-agricultural purposes backed by pledges of gold ornaments and jewellery had to have a loan-to-value ratio of 75 percent against the pledged items. The tenure of such loans could also not exceed 12 months, the RBI said in its statement on Tuesday. The RBI added banks would be allowed to make their own decisions on the ceiling amount for such l ...
Curbs on gold import are likely to remain in place, with Finance Minister Arun Jaitley today saying the government is inclined to continue with this measure along with other steps taken by the previous UPA regime for controlling the widening CAD as they have worked."Each step is being continued...Efforts are being made to continue each of these steps," Jaitley said while referring to measures taken ...
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