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Economy and Politics
Will Ruias challenge insolvency proceedings if Numetal gets disqualified?

After six months long painstaking insolvency proceedings and due diligences, the Rs 43,000 crore debtor Essar Steel has received just two bids--- from ArcelorMittal and Numetal Mauritius--- on Monday.

 
 
Out of all the companies that took part in the process, 50 per cent were from consulting and finance sectors.
In its latest bid to hasten resolution of the bad loans problem at Indian banks, the Reserve Bank of India tightened its rules around bank loan defaults.
Based on Consumer price index (CPI), the inflation was at 5.21 per cent in December - a 17-month high, and 3.17 per cent in January last year.
Modi is visiting the United Arab Emirates for the second time after his 2015 trip.
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