Chidambaram also suggested a 10-point plan to put money in the bank accounts of the poor and the marginalised, including farmers and labourers
The former finance minister said there will be massive economic pain
Former FM says markets have taken a dim view of the 'virtually coerced investment by SBI and private sector banks in the equity of failed YES Bank'
Blames Centre for being oblivious to a 35% spike in private lender's loan book since 2014, hints that SBI was arm-twisted into the deal
Sitharaman said the RBI and the government had been closely monitoring YES Bank since 2017
Yes Bank was placed under a moratorium on Thursday, with the Reserve Bank of India (RBI) capping deposit withdrawals at the bank at Rs 50,000 per account for a month and superseding its board
Finance Minister Nirmala Sitharaman on Friday hit back at senior Congress leader P Chidambaram for his jibe over crisis-hit Yes Bank's loan book swelling five times under BJP rule, saying "self-appointed competent doctors" created more problems in handling crisis at three banks during the UPA regime. She blamed Chidambaram for the crisis at Global Trust Bank in July 2004 and the problems at IDBI which had to merge with on-the-verge of collapsing United Western Bank in 2006. The Congress-led UPA had come to power in May 2004 and Chidambaram was the finance minister. Addressing a press conference after the RBI superseded the board of Yes Bank and placed withdrawal restrictions, she said the crisis-hit lender's exposure to stressed corporates dates before 2014. "The exposure of Yes Bank to some of the very stressed corporates has been before 2014. These are public domain names and I am not violating any customer privacy Anil Ambani (Group), Essel Group, DHFL, IL&FS (and) Vodafone ...
Addressing a rally in Kolkata, Shah assured people of the minority community that not a single person will lose citizenship due to the Citizenship Amendment Act
The difference between the actuarial premium rate and the premium paid by farmers was the subsidy shared equally between the Centre and states
The court had on January 28 'revived' the Aircel-Maxis cases filed by the Central Bureau of Investigation and the Enforcement Directorate against Chidambaram and his son
The court had earlier reserved its order on bail applications moved by six bureaucrats who were part of the FIPB panel which granted approval to INX Media, in a case involving former FM P Chidambaram
Special Judge Ajay Kumar Kuhar granted the relief to Karti while asking him to share his itinerary with the investigation agencies
The Chidambarams were present in the court
"How long can you blame the previous managers?" asked Chidambaram in his speech
The ED told District Judge that active investigation into the matter was going on, while CBI informed that letters rogatory had been sent to Malaysia and the status was awaited
The CAA was brought to accommodate the 12 lakh Hindus among the 19 lakh people who could not be included in the National Register of Citizens (NRC) in Assam, he claimed.
Sharmishtha is daughter of former President Pranab Mukherjee, who has been a Congress leader all his life
She said defence of India was paralysed and did not have equipment under the UPA
Initiating the debate on the Union Budget for 2020-21 in Rajya Sabha, he said rising unemployment and falling consumption was making India poorer
"Altogether, the bottomline is we have a patient who is extremely ill. Doctor has proved himself incompetent. Diagnosis of the doctor is hopelessly wrong," Chidambaram said.