New User   Login      
Tax Management India .com TMI - Tax Management India. Com
Extracts
Home List
← Previous Next →

Finance Minister Arun Jaitley New Law on Anvil for Fast Track Arbitration in Order to Address the Stressed Areas of the Banking Sector; Reiterates the Government s Commitment to Give Operational Freedom to the Public Sector Banks (PSBs); Efforts are on to Give Shape to the Banking Bureaus and to Professionalize all Personnel Issues

Dated:- 28-9-2015 - The Union Finance Minister Shri Arun Jaitley today said that the Government was working on a slew of sectoral reforms, including a new law on fast track arbitration, in a bid to address the stressed areas of the banking sector. Speaking at the 68th Annual General Meeting of the Indian Banks Association (IBA) in Mumbai today, the Finance Minister Shri Jaitley said the Government was aware of the challenges faced by the Public Sector Banks (PSBs) and measures were being taken t .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

r. Jaitley informed that the Reserve Bank of India has already put four State Governments on notice. The combined debt of discoms is estimated to be more than ₹ 3 lakh crores leading to acute financial stress in the banking sector. The Finance Minister Shri Jaitley described the problems of the steel sector to be on account of external factors, where cheap imports are hurting the domestic industry. He said much progress had been made in the highway sector and the projects were being implem .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

olicy is in final stages of preparation and the draft will be put out for deliberations early next month. He also said the proposed new Arbitration Law provides for Fast Track Arbitration with one member Arbitration Board, with a mandate to complete the entire process within six months. Shri Jaitley also said the Dispute Resolution Tribunals (DRTs) s working was being speeded up by moving most of the transactions online. Operational freedom for PSUs The Finance Minister Shri Jaitley reiterated t .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 



|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version