Economic dimensions in judicial decisions may help strengthen system
By IANS |
Published on
Thu, Apr 29 2021 19:06 IST |
8 Views
O.P. Jindal Global University. Image Source: IANS News
Sonipat, April 29 : Economic dimensions play a very important role in judicial decisions and can help strengthen the system, particularly in the time of a pandemic, said experts at a two-day virtual event hosted by the O.P. Jindal Global University (JGU) and CUTS International.
The two-day national virtual conference was held from April 27-28 on the theme Economic Dimensions in Judicial Decisions . The pandemic has shown that the rich get richer and the super-rich gets much richer, but those at the bottom of the economic ladder were the ones who were very badly hit. Judicial decision-making and legislative action must . not only look at the importance of corporates and their contribution to society but also look at marginalised sections of the society, former Supreme Court
Jindal Stainless receives bourses nod for amalgamation
SECTIONS
Last Updated: Mar 12, 2021, 03:07 PM IST
Share
Synopsis
The merger will lead to a simplified capital structure, expanding the turnover of the combined business to Rs 20,000 crore, they said.
Agencies
The Jindal Stainless group has received the nod from the bourses for the scheme of amalgamation of Jindal Stainless (
The merger will lead to a simplified capital structure, expanding the turnover of the combined business to Rs 20,000 crore, they said.
The officials told PTI that the merger process is likely to be completed in the second half of 2021-22.
The group had in 2015 demerged the entity to unlock value and debt management.
February 26, 2021
The Bad Bank is being floated to clean up the books of PSBs
Veteran bankers from public sector banks (PSBs) will be roped on deputation to get the so-called ‘Bad Bank’ off the ground. This bank is being floated to clean up the books of PSBs.
With the Indian Banks’ Association (IBA) and the Department of Financial Services (DFS) putting the formation of the Bad Bank on fast-track, bankers feel deputation is the best option as inviting applications for filling various positions, shortlisting eligible candidates and interviewing them could be a drawn out process.
In the run-up to the formation of the Bad Bank, the association has already asked banks to furnish data on stressed accounts with principal outstanding above ₹500 crore, both under consortium and multiple banking arrangement.
Read more about Board of Bannari Amman Spinning approves proposal for corporate debt restructuring on Business Standard. At meeting held on 25 January 2021
NPAs: Cleaner of banks or killer of Indian economy? December 12, 2020, 7:08 PM IST
HP Kumar is the former Chairman & Managing Director of The National Small Industries Corporation Ltd.
NPAs, the abbreviated term, popularly used for ‘Non-Performing Assets’ among Banks and borrowers is turning out to be a draconian provision for the entire business community. The Bankers are equally petrified of this application, as it not only eats away their good money, but, also frightens them by its implications with many a times, seeking their personal accountability. What is this NPA phenomenon which has put the entire Banking Industry to dizzy and the borrowers are facing severe heat with many of them shutting their shops? All borrowing businesses, irrespective of their size, whether large or MSMEs, engaged in any of the economic activities and providing employment to millions of workers, are covered by this provision of NPAs. Let us, therefore, u