'Let's walk on two legs: Facilitate better resolution under the present system and set up PARA as well by transferring loans amounting to, say, Rs 1 lakh crore,' says T T Ram Mohan.Illustration: Uttam Ghosh/Rediff.com The Economic Survey proposed a Public Asset Rehabilitation Company -- PARA, a so-called 'bad bank' -- for tackling bad loans in the Indian banking system. We already have several Asset Reconstruction Companies, ARCs. So what’s new? PARA will be much bigger in scale and will ... Rediff.com, 3 days ago
By Christoph Steitz, Arno Schuetze and Oliver Hirt FRANKFURT/BERLIN/ZURICH (Reuters) - Japan's Toshiba Corp is preparing a potential $2 billion divestment of smart meter group Landis+Gyr, hoping to rake in capital after a major writedown on its U.S. nuclear ...Sify, 3 weeks ago
Jan 10 (Reuters) - Britain's FTSE 100 index is expected to open down4 points at 7,233 on Tuesday, according to financial bookmakers. * The UK blue chip index touched a new record high of 7,243.76 points, thensettled at 7,237.77 points, up 0.4 percent, for the ...Sify, 2 months ago UPDATE 2-UK Stocks-Factors to watch on Jan 10 Sify, 2 months ago UPDATE 1-UK Stocks-Factors to watch on Jan 10 Sify, 2 months ago
That's all it takes to protect an institution -- just one person with no past and no greed for the future, says Shekhar Gupta. The eyes of the devoted plagiarism hunters would light up if they put this column to the test of their forensics. Old readers of this column will also find this heading and strapline familiar, and for good reason, as this is almost precisely what we had used on another Saturday, July 31, 2010. So you could still be charged, if not with being pompous -- as in ...Rediff.com, 2 months ago
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