Wilful defaulters beneficiaries of ‘phone banking’ under UPA regime: Nirmala Sitharaman
NEW DELHI: Hitting out at the Congress party, Finance Minister Nirmala Sitharaman has said that wilful defaulters were beneficiaries of ‘phone banking’ under the UPA regime and the Modi government is chasing them to recover the dues She was responding to the opposition’s allegations of loan waivers worth Rs 68,607 crore in the form of […]
India empowers PSU banks to seek lookout circulars against wilful defaulters
NEW DELHI: In a bid to prevent big economic offenders like Vijay Mallya and Nirav Modi from fleeing the country, the government has empowered PSU banks to request lookout circulars (LOCs) against wilful defaulters and fraudsters, officials said on Sunday. The Home Ministry has also authorised the Serious Fraud Investigation Office (SFIO), a statutory corporate […]