The penalty was imposed in an order in August by Sushil Kumar, Special Director, ED who said, “senior officials at Standard Chartered saw an investment in TMB shares as an opportunity that might ripen into an eventually larger ownership for the bank … also acted as a custodian for shares on the deal.” … [Read more...] about Standard Chartered fined Rs 100 crore for violating forex rules during Tamilnad Mercantile Bank takeover bid
Going by the principle of ‘geography is power’, for China’s strategic planners, securing good positioning against hostile powers remained the chief preoccupation, and such hacks have brought its neighbours in serious brawls. Looking at the worsening matters along the LAC, one would hardly disagree that China is yet to come out of the Maoist binaries of foreign policies. The ideological premises are back in fashion again, and it is evident when Chinese strategists gaze at maps and conjure up evil shapes. … [Read more...] about China’s India problem | A curious mix of ambition and paranoia
LJP and JD (U) are two of the three major partners in the Bihar NDA -- the third being the BJP. The saffron party has, so far, kept away from the squabble -- and it has its own reasons for doing so. According to an Indian Express report, it has been indicated to the BJP that the party can have an equal number of MLC seats, but it will have to contest them on a BJP ticket without conceding any to the LJP. … [Read more...] about Why are NDA allies JD(U)-LJP engaged in tussle ahead of Bihar polls?
"How acute the situation is cannot be clearer than from the pandemic that has gripped the earth, coincidentally almost exactly one century after the great influenza epidemic. To some, this is nature''s way of telling humankind to loosen its tightening grip on the resources of the earth, to be less exploitative, to respect the needs of the natural world, especially the animal kingdom, more and slow down the pace of environmental destruction. … [Read more...] about UPA govt was criticised for being too restrictive’ in giving green nods: Manmohan
All ten banks on the list of lenders charging lowest interest rates on car loans happen to be PSBs (public sector banks). Punjab and Sind Bank tops this list with interest rate of 7.1 per cent. Bank of Maharashtra and UCO Bank bring up the rear of this top ten list with interest rate of 7.7 per cent. … [Read more...] about Here are the banks that offer the cheapest car loans