Around 12.4 per cent of the total debt assets under management (AUM) was invested in government paper
Debt Recovery Tribunals have powers of a civil court under Civil Procedure Code, 1908
Proposed framework to progressively reduce the total exposure of banks to heavily indebted companies likely come into effect from financial year 2017-18
Many countries have not introduced laws allowing regulators to write down bank's debts to avoid taxpayer bailouts
He said a capital gains tax would be imposed and a uniform VAT would be charged at 15 per%; ending some exemptions
According to data collated by Prime Database the money was mobilised by 470 institutions and corporates