Unholy nexus between ARCs and borrowers found after IT raids: CBDT

The department seized Rs 4 crore cash and a "large volume" of documents and digital records, the Central Board of Direct Taxes (CBDT) said in a statement. The policy-making body for the department said it was found during the raids that the "ARCs had adopted various unfair and fraudulent trade practices in acquiring the non-performing assets (NPA) from the lender banks".

from Economic Times https://ift.tt/3m7Ne3A

Comments

Jagan moves closer to Centre, accompanies PM to Tirumala

In signs of growing bonhomie between Prime Minister Narendra Modi and Andhra chief minister YS Jaganmohan Reddy, the latter on Sunday accompanied the PM during his thanksgiving visit to Tirumala after winning a massive mandate in the Lok Sabha elections. Modi reciprocated by promising Jagan all support from the Centre. from India News | Latest News Headlines & Live Updates from India - Times of India http://bit.ly/2Kdd58X

BJP and SP talking about religion for votes: Mayawati

"The opposition parties, including the BJP, Samajwadi Party and others, are busy painting a Hindu-Muslim colour to the elections to hide their shortcomings. The BSP people will have to go to every village and every house to warn the people. This task must begin now," Mayawati said from Economic Times https://ift.tt/3Er0ab0

India’s agriculture technology can grow to $24.1 billion in 5 years: Report

A big chunk of the gains will likely be made by companies addressing supply chain and financial services solutions, driven by the availability of affordable high-speed internet and maturing of India’s digital content ecosystem, an EY report on India’s agri-tech potential said. from Economic Times https://ift.tt/2ZfE9tM

Delhi to India

Search This Blog