Top Headlines: Govt clears ordinance to empower RBI to act against loan defaulters

Times of India

Daily Newsletter | Thursday, May 04, 2017
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Govt clears ordinance to empower RBI to act against loan defaulters
The Cabinet recommended on Wednesday an ordinance empowering the Reserve Bank of India to instruct banks to act against top 20-25 loan defaulters as part of a series of steps aimed at helping lenders get bad debt off their books.
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Pak denial has no credibility, says Jaitley 
With India telling Pakistan that blood samples of beheaded Indian soldiers and a blood trail near the Line of Control (LoC) establishes its complicity, defence minister Arun Jaitley asked citizens to trust the capability of the Indian Army to respond to the outrage.
Terrorists on ‘mission loot’ in Kashmir Valley
In the third such incident in last 48 hours, terrorists looted 3 lakh from a bank in Kakapora area of south Kashmir’s Pulwama district on Wednesday, less than two hours after four masked men carrying guns robbed 5 lakh from Ellaquai Dehati Bank in Wahibugh village of the district.


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RCom, Aircel merger faces ‘Chinese hurdle’
Aircel had sourced equipment from Chinese vendors such as Huawei and ZTE, which are backed by loans from the Chinese banks like CDB.
Here’s what Apple didn’t get right about iPhone 7 demand, according to CEO Tim Cook
Apple sold fewer iPhones than expected in the first three months of the year, but that bare statistic hides an important bright spot for the company.


IPL 2017: Rahul Tripathi’s 93 helps RPS beat KKR
Rahul Tripathi’s belligerent knock of 93 off just 52 deliveries studded with nine fours and seven sixes helped Rising Pune Supergiant beat Kolkata Knight Riders by four wickets in Match 41 of the Indian Premier League.
Shami automatic choice in Indian team if fit: Ganguly
Former India skipper Sourav Ganguly on Wednesday put his weight behind fit-again pacer Mohammed Shami, saying if fit, the Bengal bowler is an automatic choice in the Indian team going into the ICC Champions Trophy.
Azlan Shah: Mandeep hat-trick helps India beat Japan 4-3
Though India have defeated Japan 4-3 in their fourth round-robin league match of the Sultan Azlan Shah Cup, the team will know of their fate only after the conclusion of the Great Britain v Australia match later today.


Federal Reserve leaves key policy rate unchanged
The Federal Reserve is leaving interest rates unchanged, while signaling that it expects a resilient US economy and solid job market to justify further rate hikes later this year.
ICICI Bank Q4 net profit jumps to over Rs 2,024 crore
Country’s largest private sector lender ICICI Bank on Wednesday reported manifold jump in standalone net profit to Rs 2,024.64 crore for the quarter ended March 31.


Prayer meet held for Vinod Khanna, younger stars also present
A prayer meeting for late Bollywood veteran Vinod Khanna was held on Wednesday with younger stars present in numbers in wake of angry tweets by actor Rishi Kapoor questioning their absence at his funeral.
Pics: Akshay, Sonam attend National Awards gala with families
Actors Akshay Kumar and Sonam Kapoor were accompanied by their family members to celebrate their moment of glory at the 64th National Film Awards ceremony on Wednesday. Akshay has been named the Best Actor for his performance in ‘Rustom’ while Sonam got a Special Mention for ‘Neerja’.
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