Tag: Modi administration

What if bank deposits exceed the notes issued by RBI?

Explained in 5 charts: How Indian banks' big NPA problem evolved over years

Disclaimer: I am not at all knowledgeable on the subject. This is a question based on the reading I’ve been doing about demonetisation. One of the objectives of demonetisation was curbing black money or money that tax should be paid on, but isn’t. Going in, no one appears to have had an idea of how …

Mafatlal director gets lucky after coming out of BIFR

Mumbai, 18th Nov, 2013: Weeks after coming out of BIFR, the loss-making Mafatlal Industries appears to have sold assets to their own directors for peanuts. On 31st July 2011, Mafatlal Industries Ltd. sold to director of Mafatlal Services Ltd. Mr Rajendra Likhite and his wife Anagha, a prized 1200 sq feet flat on Mount Mary …