Pawar meets Anurag Thakur to discuss revival of scam-hit PMC Bank
The PMC Bank has been put under restrictions by the RBI, after a multi-crore scam came to light following which the deposit withdrawal was initially capped at Rs 1,000, causing panic and distress among depositors. The withdrawal limit was increased gradually to Rs 50,000.
Political environment is very conducive for reforms now: Surjit Bhalla
One of our major recommendations was a cut in corporate tax and that h...
An insider blew the lid off Rs 6,500-crore PMC scam
The whistleblower, who was a senior bank official, was angry about RBI being systematical...
Government appoints economist Surjit S Bhalla as Executive Director for India at IMF
His appointment has been cleared by the Appointments Committee of the Cabinet (ACC) headed by Prime Minister Narendra Modi.
Panel in favour of India joining RCEP
A high-level advisory group has batted strongly for India joining the proposed RCEP agreement. The group has said it would not be sensible for India to raise tariffs when the US and China are locked in a trade war.
High-level advisory suggests panel for easier entry to foreign investors
An advisory group has put forth simpler regulatory and tax framework for overseas investment funds.
Former PMC Bank director Surjit Singh Arora arrested
The EOW has already arrested promoters of HDIL group Rakesh and Sarang Wadhawan, former PMC Bank chairman Waryam Singh and former managing director of the bank Joy Thomas after the alleged Rs 4,355 crore scam came to light.
Home Secretary gives no time frame for releasing leaders
Home secretary Ajay Kumar Bhalla has addressed a parliamentary panel about the issue of detentions of politicians in Kashmir since abrogation of Article 370. He said that the house arrest will continue until law and order improves in the Valley. Home ministry remained silent when MPs asked about the possibility of an all-party delegation visiting the UT.
PMC bank scam: EOW of Mumbai Police opposes anticipatory bail pleas of 2 directors
Parmeet Sodhi and Surjit Singh Narang had filed anticipatory bail applications before additional sessions judge S T Soor here.
PMC Bank scam: Ex-director's police remand extended
Surjit Singh Arora was last week arrested by Mumbai Police's Economic Offences Wing (EOW) in connection with the alleged Rs 4,355 crore scam. The EOW found out the alleged HDIL group fraud was sheltered by him.
Next govt should abolish MSP in 3 years, cut corporate tax by 5 per cent: Economist Surjit Bhalla
The former Economic Advisory Council to the Prime Minister (EAC-PM) member also said India is unlikely to fall in the middle income trap.
PMC Bank scam: Ex-director sent in police custody till Oct 22
PMC Bank's former director Surjit Singh Arora was arrested by the Mumbai Police's EOW wing and sent to police custody till October 22. Arora was arrested by the investigating agency for questioning in connection with the alleged Rs 4,355 crore scam.
Senior IAS officer Ajay Bhalla appointed Home Secretary
Bhalla, a 1984-batch Indian Administration Service (IAS) officer, is currently serving as an officer on special duty in the Union Home Ministry.
Suggestions of high level group on exports needs to be implemented: Economic Survey
A high level panel group, chaired by Surjit Bhalla, has recommended a host of measures and a road map for doubling India's exports.
Detention of political leaders in Jammu ended
The move to release political leaders in Jammu came after announcement of Block Development Council elections to be held on October 24.
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