The committee of creditors is yet to approve either of the two resolution plans that the Era Infra resolution professional has received so far - the reason being legal disambiguity of the resolution plans submitted

The prospective bidders who participated in the pre-application conference on Wednesday raised a number of queries related to procurement of trains, fares, operations and maintenance and eligibility criteria

Solutions to shadow banking risks are well-documented: tightening regulations, extending central banks' cover as lender-of-last-resort, mandating deposit insurance to prevent overnight collapse, controlling trade in highly complex, opaque and high-risk derivatives and changing short-term-funding-long-term-lending business model

"The job of the Union Minister for Environment and Forests is not that it clears as many industrial projects as possible. It is to ensure that forest land and the environment are protected and saved," says Jairam Ramesh

In a letter to Prakash Javadekar, Thackeray red-flagged the provision for allowing up to 50 per cent expansion of any existing project without public consultation and expansion of up to 25 per cent without going through an EIA process