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This Financial Year, Centre Expects Recovery Of 1.8L Crore Bad Loans

Wednesday, September 26, 2018, 3:59 PM

The government expects recovery of around Rs.1.8 lakh crore worth of bad-loans during the current-fiscal through measures like the insolvency and bankruptcy-code and debt-recovery-tribunals. After an annual review meeting of public-sector-banks in Delhi, Finance Minister Jaitley said with several major NPA-cases at the penultimate stage of resolution process, there was optimism among banks as well as Financial Services Department about the recovery of bad-loans.
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SC upholds validity; private entities can't ask for Aadhaar details

Wednesday, September 26, 2018, 3:26 PM

The Supreme Court on Wednesday struck down Section 57 of the Aadhaar Act that allowed private companies to avail Aadhaar data. Calling the section unconstitutional, the court asserted that private companies cannot insist on having Aadhaar number of customers. "Allowing private enterprise to use Aadhaar numbers will lead to exploitation of data," the apex court observed.
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SC/ST Quota for Promotions: No Need For Quantifiable Data, Says SC

Wednesday, September 26, 2018, 3:18 PM

The Supreme Court on Wednesday said that there is no need to collect quantifiable data on backwardness while giving promotions to members of the Scheduled Caste (SC) and Scheduled Tribe (ST) in government jobs. It also said that there was no need to review its 2006 verdict on the issue and refer it to a larger bench.

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