https://www.taxtmi.com/news?id=33543 Allegations assert that NCLT processes have enabled asset auctions to realise recoveries well below asset values, producing haircuts that constitute losses to banks while advantaging a small set of purchasers; a formal investigation was urged to ascertain true asset values, identify buyers, and quantify bank losses. The speaker also criticised relative reductions in budgetary allocation shares for education, agriculture, health and infrastructure, warned that lower public health spending maintains high out-of-pocket costs, and cautioned that repo rate cuts could weaken bank financial health. en-us Mon, 10 Feb 2025 22:01:03 +0530 Mon, 10 Feb 2025 22:01:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=33543 Allegations assert that NCLT processes have enabled asset auctions to realise recoveries well below asset values, producing haircuts that constitute losses to banks while advantaging a small set of purchasers; a formal investigation was urged to ascertain true asset values, identify buyers, and quantify bank losses. The speaker also criticised relative reductions in budgetary allocation shares for education, agriculture, health and infrastructure, warned that lower public health spending maintains high out-of-pocket costs, and cautioned that repo rate cuts could weaken bank financial health. News - Mon, 10 Feb 2025 22:01:03 +0530 https://www.taxtmi.com/news?id=33543