Updates on LIC's Bima Sakhis, SBI classifying RCom and Anil Ambani as fraudulent, and government support for farmers through credit and insurance schemes. RCom's insolvency resolution awaits NCLT approval.
SBI reversed its 'fraud' tag on RCom, then re-initiated fraud recognition due to diversion of funds and misutilisation. RCom is undergoing insolvency resolution since 2019.
In a hearing in September last year, the erstwhile Resolution Professional of Aircel Entities had asked the Supreme Court to allow interim sale of right to use spectrum so as to prevent further “diminution, erosion in value and reduction of useful life” of the natural resource.
