MSME's are subject to 20+ conditions and regulations, most of which are needless and tools for corruption, says Prof. RV. Post lockdown recovery hinges on how quickly GOI paves the way. A must watch!
Philippines gets BrahMos missiles from India as it seeks to 'counter China' On Friday, realizing…
Nalin Prabhat appointed head of counter-terrorism force Nalin Prabhat, a 1992 batch IPS officer of…
Annamalai says BJP will register a historic victory in the state in the Lok Sabha…
Oil prices surge by more than $3/barrel on Middle East supply disruption fear Amid escalating…
Sensex, Nifty drag as rising Middle East tensions unnerve D-Street investors On Friday, BSE Sensex…
Israeli missiles strike site in Iran According to a news report, Israeli missiles hit a…
This website uses cookies.
View Comments
Why is the lending dominated by NBFCs and Financiers in India - Almost all the politicians and bureaucrats rotate their money in the market and that is the reason why P Chidambaram made a rule that money lenders cannot borrow from Bank (By default they have to borrow from the corrupt and based on the situation the black becomes white and white becomes black)
And this is the specific reason why the Governments persist with Section 138 of NIA (Cheque bouncing) as these money lenders obtain blank signed cheques as security and in the event of non-payment fill up and present in the bank and then file complaint in the court under section 138 NIA. In this age of NEFT & RTGS who prefers issuing cheques to settle debt?
The courts are also fully occupied by these section 138 NIA cases.
I thought that Mr. Modi will do something on this - Now I am sure that he will do nothing because he is no different from the former PMs in a big way. Play on emotions without any solid policy
Jai Hind