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Top headlines: RBI supersedes RCap; Parl passes bill to repeal farm laws
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business-standard.comRBI supersedes Reliance Capital board; to start insolvency proceedings
The RBI on Monday superseded the board of Reliance Capital Ltd (RCL), promoted by Anil Ambani's Reliance Group, in view of the defaults in meeting payment obligations.
The RBI said the board has been superseded "in view of the defaults by RCL in meeting the various payment obligations to its creditors and serious governance concerns which the Board has not been able to address effectively". Read more
After Lok Sabha, Rajya Sabha also passes bill to repeal three farm laws
Parliament on Monday passed The Farm Laws Repeal Bill, to repeal the three contentious agri laws against which farmers have been protesting for over a year, with its passage in Rajya Sabha.
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