RBI says govt steps will stabilise IL&FS, hints at tightening NBFC norms

The Reserve Bank Friday termed the government’s move to supersede the board of Infrastructure Leasing and Financial Services (IL&FS) as “timely and appropriate” which has “helped stabilise the situation” and indicated that it will engage with the new management if necessary. The central bank also hinted that it’s looking at tightening the guidelines to avoid […]

Bombay High Court: Decide by September 6 if Mumbai-Pune expressway toll should continue

The Bombay High Court today asked the Maharashtra government to decide by September 6 whether the toll collection on the Mumbai-Pune Expressway should continue. A division bench of Justices A S Oka and Riyaz Chagla was hearing public interest litigations (PILs) filed by four activists, seeking that the right of the contractor Mhaiskar Infrastructure to […]