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RBI's solution for MSME loan woes: Public credit registry

Saturday, December 15, 2018, 9:00 PM

The RBI preferred fundamental changes to smoothen loan flow to micro-businesses through a public credit registry, rather than doling out forbearances, deputy governor Viral Acharya said. The statement comes almost a month after the central board "advised" the monetary authority to consider a restructuring scheme for loans up to Rs.25Cr for stressed standard assets of borrowers from the micro, small and medium enterprise sector.
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AgustaWestland case: Christian Michels custody extended by 4 days

Saturday, December 15, 2018, 8:58 PM

Christian Michel, alleged middleman of AgustaWestland chopper scandal was produced in Patiala House Court of Delhi before Special Judge Arvind Kumar, as his custody was to end. However, on CBI's demand, court extended the remand for four-more-days, tweeted news agency ANI. The chief investigative agency also wants to fly him to Mumbai to confront with some documents and witnesses and collaborate with some evidence.
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Jawa opens dealerships in Pune, first in India after re-entry

Saturday, December 15, 2018, 8:57 PM

Czech motorcycle brand Jawa, which re-entered the Indian market last month with the introduction of three models, on Saturday announced the launch of its first two dealerships in the country in Pune. With the two dealerships at Chinchwad and Baner in Pune becoming fully operational, customers can book and test-ride Jawa and Jawa Forty Two motorcycles, Classic Legends said in a statement.

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