Nirmala Sitharaman
PMC Bank case: HDIL promoters Rakesh, Sarang Wadhwan sent to ED custody till Oct 22
Earlier on Wednesday, former PMC Bank director SS Arora was arrested by the Economic Offences Wing (EOW) of Mumbai Police in the matter.
Despite IMF's projection, India among fastest growing economies: FM
Sitharaman is in Washington to attend the annual meeting of the International Monetary Fund or IMF and the World Bank.
Recalling when and what went wrong during certain period is necessary: FM
FM was responding on allegations by Singh that govt always try to put blame on its opponents instead of finding solutions.
Govt obsessed with blaming opponent for bank crisis: Manmohan Singh
The statement came as a response to Sitharaman’s remark blaming Singh and Raghuram Rajan for the bank crisis.
No better place to invest than in India: Sitharaman
She assured international investors at an interaction session that the government was continuously working to bring reforms.
To solve India’s problems, first admit they exist!
In order to address a problem and find a solution, it is absolutely necessary to first acknowledge that the problem exists.
Banks had ‘worst phase’ under Manmohan Singh, Raghuram Rajan: FM
Sitharaman said while she is grateful that Rajan did an asset quality review, but people should know what makes the banks ailing today.
Important for India to keep fiscal deficit in check, says IMF chief economist
On the projections in the World Economic Outlook report, Gopinath said appropriate steps have been taken.
India cannot sacrifice economic strength to comply with US sanctions: Sitharaman
She said that India wants to comply with global sanctions, including US but also needs to maintain its own strategic interests.
After FM’s intervention, withdrawal limit for PMC Bank customers raised to Rs 40,000
RBI is monitoring the developments and shall take necessary steps in the interest of the depositors.