Implementation of three months moratorium on repayment of loan instalments announced by the RBI was also reviewed during the meeting.

The RBI, in a press release, said 'financial position of the bank is highly adverse and unsustainable'.

The state-owned bank launched an emergency credit line to provide funds to its existing MSME and corporate borrowers in the last week of March, soon after the lockdown was announced.

As per the bank's website, it had deposits of Rs 485.56 crore, loans of Rs 161.17 crore and a negative networth of Rs 239.18 crore.

Delhi high court, in an interim order on May 1, has allowed HDFC Bank to deduct a Rs 90-crore loan installment from Indiabulls' fixed deposit which it holds as security.

RBI, on April 17, announced to provide special refinance facilities for a total amount of Rs 50,000 crore to NABARD, SIDBI and National Housing Bank (NHB) to enable them to meet sectoral credit needs.

The government can issue recapitalisation bonds, or the Reserve Bank of India's (RBI) huge reserves of over USD 127 can also be dipped into to help the state-run banks' recapitalisation needs, it said.

State Bank of India (SBI) has decided to give select Non-Banking Financial Companies (NBFC) a three-month repayment holiday, persons familiar with the development said.

This will lead to the share of retail and small business loans to grow to a level of 60 per cent in the next two years from the current 44 per cent, he said.

Similarly, for home loans between Rs 30 lakh to Rs 75 lakh, the effective interest rate is now at 7.65%, compared to 7.45% earlier.

In the gold loan category, which accounts for 87% of our standalone portfolio, more than 90% are servicing their dues.

Indian luxury train, The Maharaja’s Express, is making quite an impression in the US as owner and operator IRCTC is hosting multiple events promoting the Maharaja Express in Las Vegas, Los Angeles (November 26) and San Francisco (November 30). The train has been bestowed with several honors...

Thunberg has become a leading voice for action on climate change, inspiring millions of students to join protests around the world.

Since our FM mentioned the Sindhu-Saraswati civilisation or the Harappan culture, it is prudent that we start our journey from there.

Gangetic dolphins, gharial and freshwater turtles are among the major species found in the region. More than 75 per cent of the critically endangered Gharial population is based in the sanctuary.

The number of registrations before PM Modi's mention was hovering at only 74,000 which jumped to 1,53,000 after PM's mention.

BEE will start rating deep freezers and light commercial air conditioners as well from now onwards. The star rating programme was launched on the 19th foundation ceremony of the BEE.

ISRO is already working on a Humanoid prototype (with a female form)for the Gaganyaan missions, which is expected to be sent out on a mission next year to test it out before actually sending humans in space.

The term supermoon has only prevailed in the common lexicon for 40 years or so. It was coined by astrologer Richard Nolle in 1979.

The report on World Water Day 2020 explains that in order to tackle climate change, a lot of marginalised communities need clean water and decent toilets as a front line defense.

With classes and all other activities being suspended till March 31 due to coronavirus, the Indian Institute of Technology (IIT) Gandhinagar has launched 'Project Isaac' to engage students confined to their rooms or homes in productive activities.

The report claims that the development could help seismologists detect earthquakes of even very small magnitude, signals of which were earlier drowned in the cacophony produced by various activities.

Despite its proximity to the epicentre of the novel coronavirus pandemic, the company staff worked hard to ensure the success of the mission, state-run Xinhua news agency reported.

According to NASA, this will be the largest of full Moons this year. Also termed as “Pink Moon”, this Supermoon marks the first full moon of the Spring season.

Weeks of lockdown in the country to fight coronavirus may have reduced greenhouse gas emissions enabling people to breathe cleaner air and feast on blue skies, but it is only a temporary phase and will not benefit the environment in the long run.

PM Modi also said let us pledge to work towards a cleaner, healthier and a more prosperous planet.

Nitrogen dioxide pollution in the northeastern United States is down 30 per cent. Rome air pollution levels from

China National Space Administration (CNSA) named the Mars mission as "Tianwen," which means Heavenly Questions or Questions to Heaven, a poem written by China's well known poet Qu Yuan (340-278 BC).

NASA's Near-Earth Object Studies Center has classified the asteroid 1998 OR2 as the 'potentially hazardous object' as it flies at regular intervals past Surface's earth. In particular, about 125 other objects were found to be potentially hazardous.

During a virtual interaction, she compared the Indian students' experience to her being in space in a spacecraft “where you don't get to go, see your family and friends and give them a real hug.”

The discovery was made by a group of astronomers led by the University of Hawaii Institute for Astronomy (UH IfA). The new plant was discovered after studying six years of data.

The experimental spaceship was launched without crew by China's new large carrier rocket Long March-5B from the Wenchang Space Launch Centre in Hainan on Tuesday.

The spacecraft entered the return orbit at 12:21 pm after which its return capsule separated with its service capsule at 1:33 pm.

Family consisting of Old aged parents with 3 children (1-daughter & 2-sons,), all 3 are married living separately with their successors. Elder son purchased a house in year 2005 out his own earnings & later in year 2013 due to family disputes viz. Divorce & DVC with his wife transferred the said house in the name of his mother through registered settlement deed. Presently, all his cases are disposed. Please clarify (1) whether his sister, brother or their children/successors has any right to claim the above said house as the same is presently in the name of his mother. (2) Should he make a fresh settlement deed & transfer back the house on his name to avoid any future disputes from his siblings or their successors.

In 2010 recruitment of third gred teacher in Sanskrit Department of Rajasthan the rajasthan High court passed a order on 2 august to dismiss 3rd gred teachers after servicing more than 6 month in sanskrit dept.due to merit list changed by RPSC.This order challenged in supreme court & honorable bench of judge G S SINGHVI ,GOPAL GOWDA & C. NAGAPPaN passed stay order in september 2013 against high court`s dismiss order& issued notice .How Can i know what will happened the final decision of supreme court since it has been long time .

Sir, We have 300 sq yards of land in Visakhapatnam. We would like to give it to development to a builder for the construction of apartment. What are the precautions to be taken by us so that the entire process is completed without any issues??

my relative put some cloth &grocery item &exit from mall.salesman &other caught him &cut the plastic strip zip tie on his bag (which malls worker had put on his bag before entrance . zip tie was cut with cutter . & they saw items &call 100 no. police came &took accused in police Thana &manager gave CCTV footage &bag with articles to police & filed FIR & accused got jail & bail my uncle met io (investigation officer) for help he said meet complainant . i can delay to file charge sheet. &then lokdown is started. & now 17 may (the date of lokdown will stop) is coming soon. charge sheet date is 21 may what i can suggest my uncle to be approach to io &complainant as uncle is farmer & illiterate he don't know what to be make in our favor to become accused acquittal. i am helping him. could you please 1.can a final report or closure report or any other report may be done to be acquittal. don't know what is in our favor. 2.can we approach io to remove tag(in which company name &price is written ) from cloth (the bag with articles is in police custody )so it would not proved that cloth belongs to this company &may be they already present in his bag before entering into mall. 3. is it feasible 4.or can we pray complainant to fabricate his statement in our favor when io will record this in 161 crpc may be . 5.what should we try to that leads accused acquittal. i am student .i dont know I pray our counsel he don't want to see us & don't want to hear us . this does not sounds good. pardon me if this thing is not discuss here.

Hi Team, I am from Delhi. The issue is as subjected. My brothers got the NOC signed just after the death of my father (in 1981) and, claimed to transfer property to Mother’s name. Now, when our Mother died recently (Feb’2020), I got to know that they have transferred the property in their names (2 person) already. But, they have not informed me. Please suggest if I can claim my share.

This is a clear evolution of the US administration’s position, especially weeks before the Prime Minister is scheduled to travel to the US for the United Nations General Assembly in New York.

Underscoring that the situation in Kashmir is bigger than party issues, People’s Democratic Party (PDP) chief Mehbooba Mufti refused to meet a delegation of her party members.

The development is likely to increase pressure on the government to adjourn the Parliament session, which the Opposition has been demanding.

The director, who co-wrote 'Black Panther,' delivers an inconsistent and disjointed but earnest and raw tale of a young African American man who grows up with violence and drug addiction all around, and becomes ensnared by it

Straightforward but compassionate, Wolf’s film affectionately documents the heady people and ambitious ideas that fuelled Biosphere II, relating an almost too-perfect metaphor for our feeble -- and perhaps doomed -- efforts to escape our own self-destructive nature

Wendy Smith Chief Executive of the South Canterbury Chamber states that the new visa system must provide confidence and certainty to employers that suffer from a skills shortage in regions. Employers in the area can find it easy to bring many temporary…

Introduction

Contract management is one of the core activities of a modern day organization as majority of an organization’s operation being under contracts with customers, suppliers, service providers, vendors and consultants. It’s vital that contracts should be aligned with the business expectation and professionals should be well versed with the drafting techniques and expertise to foresee the associated risk and design the contracts in the best interest of their organization. The importance of understanding contractual agreements has considerably increased since most business processes are governed through contractual relationships.

Edvancedge Knowledge Ventures upcoming initiative “Commercial Contract Masterclass – Negotiation, Drafting and Dispute Management” aims towards essential updates in commercial and legal issues pertaining to commercial agreements and helps improve the negotiation and drafting skills of the professionals involved. This full day masterclass will help organizations to reduce exposure, avoid litigation and implement dispute management by being fully conversant with the knowledge, skills and strategies in ensuring that the contracts are well negotiated, drafted and managed. Participating professionals will get a chance to hear and interact with experts on: 

• How contracts have been drafted today and,what are the potential alternative drafting strategies and structures?
• How contracts are negotiated including techniques for negotiation on contract variations and claims.
• Effective risk control measures to minimize legal exposures and avoid disputes.
• Necessary skills required to effectively manage contractual pitfalls and implement dispute resolution mechanism.

BENEFITS OF ATTENDING

• Increase efficiency and effectiveness within organisational processes
• Possess knowledge on the latest best practices in contract strategy
• Build strong and effective contracts
• Improved supplier performance
• Improved understanding on legal issues which allow for more effective management of legal rights
• Possess confidence in discussing contract issues with lawyers and different parties
• Effective risk reduction and conflict resolution

Who Should Attend?

A must attend workshop for anyone who has to negotiate, manage, transact or resolve disputes with third parties, including but not limited to:

• Contract Administration & Management Professionals
• Legal Heads & General Counsels
• Legal Managers & Legal Executives
• Corporate Legal Advisors
• Deal Makers
• Company Secretaries
• Corporate Lawyers
• Arbitrators & Mediators
• Procurement & Purchasing Managers
• Relationship Managers

Experts

• Bhumesh Verma, Managing Partner - Corp Comm Legal
• Tejas Karia, Partner and Head of Arbitration - Shardul Amarchand Mangaldas & Co.
• KPS Kohli, Partner - Dhir & Dhir Associates

To read more in details, click here

Legal Plus creates and manages annual summit, forum and seminar throughout Asia, Middle East and Europe and partners with leading industry global companies to promote the ever changing landscape on essential legal, financial, regulatory and compliance issues.

These events are invitation only, tailored to general/corporate counsel, chief compliance & risk professionals, accountants, directors, private practice lawyer to gain up to date skills, information and expert advice from the expert practitioners speaking at the events. The events will also provide them with essential knowledge to assist to run their business with transparency, integrity as well as up to date knowledge to make their company a leader in their field.

For sponsorship and speaking opportunities, please visit our website or contact Jason Sinclair at Jason.Sinclair@legalplus-asia.com or call +852 9262 2838.

The Dubai & MENA: 7th International Arbitration & Corporate Crime Summit will be held at Shangri-La Dubai Hotel on 22 January 2020.   The event will bring together international and local speakers to present the most up to date information on Arbitration and Corporate Crime.  It will also be an excellent opportunity to catch-up and meet fellow legal professionals in the region.

Registration is now open. Contact us today or view the latest flyer for registration and program details.
Click here to Download the Brochure

Registration Enquiry: bettina.yan@legalplus-asia.com
Speaking / sponsor Enquiry: jason.sinclair@legalplus-asia.com

Speakers:

• John Bishop, International Independent, Arbitrator, Chairman - AM Session
• Adrian Darbishire QC, QEB Hollis Whiteman, Chairman - PM Session
• Robert Stephen, Registrar, DIFC-LCIA Arbitration Centre (DIFC-LCIA) - Opening Address
• Yves Derains, Founding Partner, Derains & Gharavi International - Keynote Speaker
• Sami Houerbi, Director for Eastern Mediterranean, Middle East & Africa, ICC International Court of Arbitration, Abu Dhabi/Tunis; Partner, Houerbi Law Firm Moderator - Grand Keynote Panel
• And many more

Complimentary seats for In-house/ General Counsel.
Contact us at: legalpluseventsasia@legalplus-asia.com to secure your seat. Condition applies.

To read more in details about the event, click here

A webinar with Mrs. Geeta Luthra, Senior Advocate Supreme Court of India, Member - International Association of Family Lawyers (IAML), Vice president - Indian Council for Arbitration and Member - ICC. 

• Date and Timing: 24th April 2020 At 4 PM on Zoom
• Meeting Link: Click Here

Jean-Christophe, an international mediator, Executive Director of WAPPP and owner of Hase Solutions, leads a team of more than 150 mediators. He has bested the art of mediation and has resolved innumerable commercial cases through effective mediation. He will be addressing how one should go about becoming a successful mediator and how is mediation as a career! 

• Date and Timing: 25th April at 4 PM
• Meeting Link: Click Here

Conservation - Conversation 

Pascal Comvalius is going to discuss with the participants on how to deal with hostile parties on a negotiation table. How to mould the brick into a shape that you are comfortable in! 

• Date & Timing: 28th April, 2020 @4.30 PM
• Meeting Link: Click Here