Fear of a CVC probe in case of loan defaults has paralysed bankers and the banking system and this power should be taken away, says the Nobel laureateHe said such crises are happening repeatedly and if there is a problem in bank balance sheets, then it should be stopped way ahead before it explodes
2 min read22 Oct 2019A bench headed by Chief Justice Ranjan Gogoi had on December 6 reserved the judgement after hearing arguments on behalf of Verma, the Centre, the Central Vigilance Commission (CVC) and others.
2 min read8 Jan 2019SC issued notice to the centre on a plea seeking directions that appointing committees of which the leader of opposition formed a part may be read to mean the leader of the largest opposition party in that House.
1 min read11 Dec 2018Verma was sent on leave on 24 October and M. Nageswara Rao, a joint director of the CBI, appointed the interim chief
1 min read6 Dec 2018A list of decisions taken by the CBI’s interim chief, Nageswara Rao, was also submitted to the top court
1 min read12 Nov 2018Banks need to invest more in forensic due diligence infrastructure to monitor accounts where they have large exposures, and it needs to be proactive and not reactive
2 min read23 Oct 2018The usual course of action when a money trail is established, is that the ED takes over the probe.
2 min read22 Oct 2018Some of the recent frauds shows that Indian banks need significant improvements in operation and governance standards
3 min read19 Oct 2018Rakesh Asthana's appointment as special director of the CBI was strongly opposed by Alok Verma, the director of the investigative agency, says an officer
1 min read17 Jul 2018A plea had alleged that the appointments committee had ignored 'serious charges' of impropriety against K.V. Chaudhary and T.M. Bhasin
1 min read2 Jul 2018The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared