Rajeswari Sengupta Rajeswari Sengupta
Rajeswari Sengupta
India's overzealous anti-dumping response may gradually fuel protectionism
Its liberal use of anti-dumping duties risks turning into protectionism - and may do more harm than good
Bhushan Power and Steel case: A test for India's insolvency regime
In a major reversal, the Supreme Court ruled that the resolution plan for BPSL, approved by the committee of creditors (CoC) and cleared by both the insolvency and the appellate tribunals
Updated On : 19 May 2025 | 11:09 PM IST
India must watch out for GDP growth with third chance at doorstep
Having missed two chances to boost manufacturing, India can't afford to miss the third one now at its doorstep
Updated On : 14 Apr 2025 | 11:09 PM IST
Updated On : 18 Mar 2025 | 3:20 PM IST
Budget 2025: Balancing reforms and fiscal consolidation to revive growth
The two key questions are: What is the diagnosis of the economic slowdown? And what can the Budget do to address it?
Updated On : 20 Jan 2025 | 11:37 PM IST
Rajeswari Sengupta & Anirudh Burman: Ushering in insolvency professionals
Countries such as the United Kingdom and Canada have a well-developed cadre of self-regulated insolvency professionals
Updated On : 20 Nov 2016 | 9:30 AM IST
GDP conundrum: Is India booming?
While CSO insists India is the world's fastest-growing large economy, private economists say the country is struggling to recover from its post-2010 downturn
Updated On : 17 Nov 2016 | 4:19 PM IST
Anirudh Burman & Rajeswari Sengupta: Clear the air before enforcing Bankruptcy Code
Poor regulation of the insolvency professional industry will lead to poor bankruptcy outcomes
Updated On : 09 Oct 2016 | 9:59 PM IST
Pratik Datta & Rajeswari Sengupta: RBI should not regulate asset reconstruction companies
Banking and stressed asset management are two separate businesses
Updated On : 02 Jul 2016 | 10:02 PM IST
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Time of India
16 minutes ago
- Time of India
Economic Offences Affect Nation's Financial Health and Must Be Treated Sternly: HC
Nagpur: The Nagpur bench of Bombay high court recently refused bail to an accused in a Rs145 crore scam involving alleged financial fraud against farmers. The court observed that economic offences pose a serious threat to society and must be handled with a firm approach. Tired of too many ads? go ad free now It described such crimes as a 'class apart', citing their long-lasting damage to the country's financial health and public morality. Justice Urmila Joshi-Phalke, while quoting Supreme Court rulings, stated, "The consistent view is that socio-economic offences have deep-rooted conspiracies affecting the moral fibre of the society and causing irreparable harm which needs to be dealt with sternly." She noted that offences involving public funds cannot be treated on par with ordinary crimes due to their systemic impact. The accused, Ramanrao Bolla, approached the court for bail on the basis of his cooperation during the investigation and his clean criminal record. However, the court declined relief, stating that the magnitude of the fraud and its effect on the rural population demanded a cautious approach. Strongly opposing the bail, additional public prosecutor Neeraj Jawde contended that Bolla conspired with others to fraudulently obtain agricultural loans in the names of multiple farmers. "The petitioner is one of the conspirators and owns warehouses and hatched a conspiracy to dupe farmers, got opened their bank accounts, obtained loans, and amount of loans, which is public money, is siphoned by the applicant. Total amount siphoned by him comes to Rs145 crores. Forensic Audit Report was collected and involvement of the applicant revealed," Jawde told the court. Bolla, who has been in custody since October 28, 2023, faces charges under the Indian Penal Code, Information Technology Act, 2000, and the Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 1999. Tired of too many ads? go ad free now Justice Joshi-Phalke also highlighted the human cost of the alleged fraud. "From the evidence, it is apparent that by hatching conspiracy by the petitioner and other co-accused, poor farmers were deceived and some of them committed suicide and some of them are under mental stress," Justice Joshi-Phalke noted. The court relied on past Supreme Court precedents to underline that bail in cases of economic offences should not be granted routinely due to the gravity and far-reaching consequences of such crimes.
Time of India
an hour ago
- Time of India
Toy company challenges Trump tariffs at US Supreme Court; claims misuse of emergency powers; seeks urgent ruling
This is a representative AI image An Illinois-based toy maker, Learning Resources Inc., has taken its tariff battle to the US Supreme Court, urging the justices to swiftly rule on the legality of former President Donald Trump's trade tariffs. In legal documents, the company emphasised the urgency, citing "the tariffs' massive impact on virtually every business and consumer across the Nation, and the unremitting whiplash caused by the unfettered tariffing power the President claims." The company contends that Trump overstepped his authority by using an emergency powers law to impose tariffs without congressional approval. It filed the appeal in a bid to bypass ongoing proceedings in lower courts. Despite securing an initial lower court victory, the ruling remains suspended whilst an appeals court evaluates a similar decision that more broadly challenges Trump's tariffs. Currently, Trump maintains authority to collect tariffs under emergency powers legislation, with arguments scheduled for late July. The Supreme Court traditionally avoids cases before appeals courts reach decisions, reducing the likelihood of granting the expedited hearing requested by the company. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 임플란트, 지금 시작하세요 [자세히 보기] 임플란트 더 알아보기 Undo Learning Resources CEO Rick Woldenberg highlighted the current impact of tariffs and uncertainty, particularly concerning the approaching back-to-school and holiday periods, which typically generate their highest annual sales. "All the people that are raising their prices are doing it with a sense of dread," Woldenberg told The Associated Press. But, "we do not have a choice. We absolutely do not have a choice," he added. The company's legal representatives proposed scheduling arguments for late summer or early autumn. The Trump administration's defence maintains that emergency powers legislation authorises presidential control over imports during national emergencies, considering the persistent trade deficit as such an emergency. Trump presents tariffs as mechanisms to encourage domestic manufacturing, generate Treasury revenue, and negotiate more advantageous international trade agreements. Woldenberg described investing substantial resources into diversifying his company's supply chain, whilst acknowledging the process as lengthy and unpredictable. "I think that our case raises uniquely important questions that this administration won't accept unless the Supreme Court rules on them," he said. The family-owned enterprise, located in Vernon Hills, Illinois, produces items including the Pretend & Play Calculator Cash Register for $43.99 and Botley the Coding Robot for $57.99.
Time of India
12 hours ago
- Time of India
Bank sells Bihar man's 'fake' gold even after he pays off loan; SC backs borrower
The Supreme Court has reinstated an FIR and chargesheet against Bank of India officials in Bihar's Motijheel branch, after a gold loan customer accused them of not returning pledged ornaments despite full repayment, TOI has reported. The case involves Abhishek Singh, who had pledged 254 grams of 22-carat gold to secure a Rs 7.7 lakh loan on July 22, 2020, and repaid it on March 31, 2023. When Singh asked for his gold back, the bank claimed the ornaments had been revaluated during the loan default period and found to be fake. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo It said the items were auctioned off, and an FIR was filed against Singh for cheating on May 22, 2023. Singh then filed a counter FIR accusing the bank staff of misappropriating his gold. The Patna High Court quashed Singh's FIR, saying it was a retaliatory move. However, the Supreme Court, in a judgment last week, reversed the HC order and said the matter warrants a full trial, TOI reported. Live Events "It is true that the appellant (Abhishek Singh) repaid the amount, but with substantial delay. However, once the loan is settled, it is difficult to understand as to why the gold was revalued and auctioned," a bench of Justices Sanjay Karol and Manoj Misra observed. Writing the judgment, Justice Karol added, "At all times, the appellant had no access to the gold which, after its initial valuation, was always kept in the safe custody of the bankers. Fraud, if any, whether perpetrated at the first instance of valuation or later, is a matter which could be unearthed only after a trial based on the evidence led by the parties." Criticising the High Court's approach, the bench said, "The discussion made by the high court in quashing the FIR in no way addresses the possibility of the respondents' possible involvement in the misappropriation of the gold pledged." The top court concluded that Singh's allegations merit investigation. "But, as of now, in no circumstances, it can be said that no prima facie case regarding commission of an offence, as alleged in the FIR, is made out from its perusal."
