The fate of coal industry in India is simply cursed with misfortunes. Even after 4 years of Apex court’s economically destructive order declaring 204 coal block allocations done since 1993 as illegal, the sector has still not revived to break the shackles of adversity it once got it hit with.[Read More…]
Tag: NPA
Swamy calls Adani ‘biggest NPA trapeze artiste’; group clarifies position
New Delhi: BJP MP Subramanian Swamy on Tuesday dropped a bad loan bombshell on industrialist Gautam Adani, calling him the “biggest NPA trapeze artiste in PSUs”, but the group clarified that it had diligently and regularly serviced all its debt. In a widely commented and shared tweet, Swamy said Adani,[Read More…]
Move to examine NPAs above Rs 50 cr will cleanse banking system: Ficci
New Delhi: A day after the government set a 15-day deadline for public sector banks (PSBs) to examine all non-performing assets above Rs 50 crore for possible fraud and to identify operational and technical gaps, industry chamber Ficci on Wednesday said the move would help in ensuring the much-required cleansing[Read More…]