Blow to wilful defaulters: Loan cheats thought they are smart but Arun Jaitley has stumped them

Blow to wilful defaulters: Loan cheats thought they are smart but Arun Jaitley has stumped them

President Ram Nath Kovind today give nod to the ordinance to amend the Insolvency and Bankruptcy code, which barred wilful defaulters like Vijay Mallya from bidding for stressed assets. Here's how this Insolvency Ordinance plugged the loophole that loan cheats were misusing.

Income Tax Act, 1961 review: 4 remarkable ways Narendra Modi government's new Direct Tax Law will benefit taxpayers
Income Tax Act, 1961 review: 4 remarkable ways Narendra Modi government's new Direct Tax Law will benefit taxpayers

The Modi government has constituted a six-member task force to review the Income Tax Act, 1961, and draft a new Direct Tax Law in consonance with economic needs of the country.

Delhi plans to follow Beijing traffic norms; Odd-Even to kick in automatically when air pollution enters 'emergency' zone
Delhi plans to follow Beijing traffic norms; Odd-Even to kick in automatically when air pollution enters 'emergency' zone

The Supreme Court-appointed watchdog EPCA is planning to devise a system under which measures like odd-even will kick in automatically when air pollution enters 'emergency' zone.

ISL LIVE Score, Chennaiyin FC vs NorthEast United FC Live Football Match: Thrilling encounter in offing as both teams desperately target a win
ISL LIVE Score, Chennaiyin FC vs NorthEast United FC Live Football Match: Thrilling encounter in offing as both teams desperately target a win

ISL Live Score, Chennaiyin FC vs NorthEast United FC Live Football Match: It is match 7 of ISL 2017, and Chennaiyin FC will welcome NorthEast United FC to Jawaharlal Nehru Stadium, Chennai.

Kulbhushan Jadhav death row case: MEA lists 4 demands Pakistan must agree for visit of Jadhav's wife
Kulbhushan Jadhav death row case: MEA lists 4 demands Pakistan must agree for visit of Jadhav's wife

Earlier, in March 2016, Jadhav was abducted by Pakistani authorities in Iran and brought across the border and then sent to jail. He was sentenced to death by a Pakistani military court thereafter.

Insolvency code tweaked: Here's what it means for loan cheats
Insolvency code tweaked: Here's what it means for loan cheats

The Ordinance has incorporated Section 29A that makes certain persons ineligible to be a resolution applicant. It includes wilful defaulters who have their accounts classified as non-performing assets for one or more years.

Himanta Biswa Sarma tweet on P Chidambaram invokes Rahul Gandhi’s dog Pidi
Himanta Biswa Sarma tweet on P Chidambaram invokes Rahul Gandhi’s dog Pidi

Chidambaram had earlier tweeted, “'Cancer is divine justice for sins' says Assam Minister Sharma. That is what switching parties does to a person.”

Horoscope: By Peter Vidal

Today ( 23 Nov )This Week ( 19 Nov - 25 Nov )

SAGITTARIUS Your creative energy should now be at a peak, but not perhaps because the stars are all on your side. On the contrary, challenging romantic stars remind us of the cliché that all great art stems from… read more

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